Mr. Luis Azevedo reports
BRAVO ANNOUNCES CREATION OF COPPER-GOLD EXPLORATION DIVISION LED BY CARAJAS & IOCG EXPERIENCED EXPLORATION EXECUTIVE
Bravo Mining Corp. has created a copper-gold exploration division to advance and expand the company's copper-gold strategy. The new division will focus exploration on to its 100-per-cent-owned Luanga licences, which also hosts the Luanga palladium plus platinum plus rhodium plus gold plus nickel deposit (the Luanga deposit or Luanga PGM plus Au plus Ni deposit), while also evaluating copper-gold growth and acquisition opportunities within the Carajas mineral province.
Bravo is also pleased to announce the appointment of Fabio Masotti as head of the new copper-gold exploration division. Mr. Masotti is a highly experienced Carajas and IOCG (iron-oxide-copper-gold) exploration executive and will be responsible for executing a dedicated IOCG work program and supporting broader copper-gold growth opportunities for the company.
Copper-gold exploration division highlights
-
Creation of a dedicated copper-gold exploration division, reflecting the growing importance and potential of Bravo's IOCG exploration efforts;
- Appointment of Mr. Masotti, a highly regarded regional Carajas exploration executive with over 30 years of Brazilian and international experience;
- Copper-gold exploration division to operate within a dedicated budget commencing with extensive geophysics and geochemistry programs followed by an initial 8,000 metres of drilling;
- Division leadership mandate includes a focus on growth and acquisition opportunities focused on the Carajas mineral province, aimed at expanding Bravo's copper optionality and long-term value creation alongside the central Luanga PGM+Au+Ni project.
"Over the last three years, our work at Luanga has continued to demonstrate its multiple mineral system potential within the same highly endowed Carajas setting," said Luis Azevedo, chairman and chief executive officer of Bravo. "While Luanga remains our flagship PGM+Au+Ni asset and our development focus, the results from our IOCG copper-gold exploration have highlighted the need for greater technical focus within a dedicated team.
"The establishment of the copper-gold exploration division is a strategic and growth-focused decision unanimously supported by the board of Bravo. It gives us the structure to continue IOCG exploration in tandem with Luanga's PGM+Au+Ni progress. Moreover, as Bravo has established itself as one of the most active explorers in the district, we are regularly presented with new opportunities, some of which are highly deserving of careful evaluation, and this will fall within the remit of our new division.
"It also gives me great pleasure to announce the appointment of Fabio Masotti to Bravo's management team, who will spearhead the copper-gold team. Fabio is an outstanding professional with a wealth of Carajas IOCG
and overall copper-gold exploration
experience with a proven success track record, including leadership roles at Vale SA, where he ascended to the position of director of exploration.
"The recent capital raising and pending private placement were well received by the market, and I believe this further reinforces confidence in Luanga, our people and the strength of Bravo's management team as we pursue multiple tracks of value creation."
Appointment of Fabio Masotti -- head of copper-gold division
Mr. Masotti is a mineral exploration executive with over 30 years of Brazilian and international experience, most recently with Vale SA, where he held senior leadership roles across exploration, project generation, business development, strategic planning and study management. Throughout his career, Mr. Masotti has worked across numerous commodities, including IOCG systems and nickel sulphide deposits.
Mr. Masotti began his career as a graduate geologist at Vale and progressed through a successful 30-plus-year tenure, culminating as Vale's director of exploration in 2024. He has worked in over 20 countries across all continents and previously held roles including director of exploration, director/executive manager of exploration -- Americas, Africa and Australasia, director of exploration -- Americas, director of exploration -- Africa, Europe, Asia and Oceania, and regional exploration manager -- Australasia and country manager, Mongolia.
Throughout his career, Mr. Masotti has participated in several exploration successes and in the advancement of significant mineral projects. He was a recipient of Prospectors & Developers Association of Canada's 2025 Thayer Lindsley Award for International Discovery as a member of the discovery team of the world-class Onto copper-gold high-sulphidation/porphyry deposit (Indonesia) in 2013 and was also a member of the discovery team for the Sossego/Sequeirinho IOCG deposits (Carajas, Brazil) in 1997.
Bravo's IOCG copper-gold exploration record
Over the past three years, Bravo has progressively strengthened its conviction that the broader Luanga land package potentially hosts not only its flagship Luanga PGM+Au+Ni deposit, but also a growing copper-gold exploration opportunity consistent with Carajas IOCG-style mineralization.
That IOCG thesis gained significant momentum in May, 2024, when, following completion of a helicopter-based HeliTEM electromagnetic (EM) geophysical survey and the selection of 17 high-priority EM targets, Bravo reported a discovery hole at Target T5 (DDH2405T002), which intersected 11.48 metres of massive/semi-massive/breccia high-grade copper sulphide mineralization, grading 14.3 per cent Cu and 3.3 g/t Au, including 2.9 metres at 22.9 per cent Cu and 3.6 g/t Au (see news release dated May 28, 2024).
In June, 2024, Bravo announced a second significant intercept at T5 in hole DDH2405T004, located approximately 50 metres east of the discovery hole, which returned 8.75 metres grading 9.48 per cent Cu and 2.1 g/t Au, further supporting the interpretation of typical Carajas IOCG-style copper-gold mineralization (see news release dated June 10, 2024).
Subsequent drilling, geochemical and geophysical work, albeit limited, outlined a mineralized system at T5 that extends over approximately 300 m of strike and to depths of 150 m vertical, with mineralization remaining open down dip.
Drilling, geochemical and geophysical surveys continued to demonstrate exploration potential and diversity across the broader Luanga project area, with both IOCG-style and magmatic Ni-Cu mineralization recognized within several of the 17 priority anomalies. Scout drilling at T16 and T17 has also returned encouraging early results. Bravo had also expanded its focus to additional targets such as Babylon, which is defined by a large magnetic signature.
Collectively, this continuing exploration is building a systematic pipeline of prospects that underscores Luanga's potential beyond the existing PGM+Au+Ni deposit.
In parallel with its IOCG-focused exploration, the company has reprocessed key geophysical data sets and has been assessing the potential for deep extensions to Luanga's PGM+Au+Ni mineralization. This work is also supporting continued refinement of drill targeting across the IOCG and magmatic Ni-Cu prospect portfolio to test these targets at depth.
Together, this sequence of results established a clear progression from discovery to confirmation, to continued stepout success and target pipeline development, reinforcing management's view that Bravo's IOCG targets may represent an important path to potential new value creation, alongside Luanga's continued advancement.
With Bravo's strengthened treasury position following recent financing activity, the company is now in a position to advance the IOCG program with greater intensity and continuity, including expanded drilling and geophysics, and to pursue potential copper-gold growth opportunities aligned with this strategy.
It is against this backdrop that Bravo has established a new copper-gold exploration division, supported by a dedicated technical team and budget, and appointed Mr. Masotti to lead the initiative.
About Bravo Mining Corp.
Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM (platinum group metals) and copper-gold Luanga project in the Carajas mineral province, Para state, Brazil.
Bravo is one of the most active explorers in Carajas. The team, comprising local and international geologists, has a proven record of PGM, nickel and copper discoveries in the region. They have successfully taken a past IOCG greenfield project from discovery to development and production in the Carajas.
The Luanga project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced work force, with excellent access and proximity to existing infrastructure, including road, rail and hydroelectric grid power. Bravo's current environmental, social and governance activities include planting more than 50,000 high-value trees in and around the project area and hiring and contracting locally.
Technical disclosure
Technical information in this news release has been reviewed and approved by Simon Mottram, FAusIMM (fellow of Australian Institute of Mining and Metallurgy), president of Bravo Mining, who serves as the company's qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Mottram has verified the technical data and opinions contained in this news release.
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