Bravo Mining shares surge on initial resource estimate for Luanga project in Brazil

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The Luanga exploration project is located in Carajás Mineral Province of Brazil in the municipality of Curionópolis. Credit: Bravo Mining

The MRE for Luanga showed a substantial increase in tonnes and contained metals at higher palladium-equivalent grades than the historical estimate reported by Vale SA, the project’s previous owner, Bravo said. A majority of the Luanga mineral resource is in sulphides , including 89,500 tonnes of nickel in the indicated category and 104,600 tonnes inferred. Oxide material totalled 4.6 million tonnes at 1.43 g/t PdEq in the indicated category and 10 million tonnes at 1.30 g/t PdEq inferred.

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