Luanga covers 7,810.02 hectares in the Carajás Mineral Province and is held 100% by Bravo Mineração. The shallow pit-constrained deposit has measured, indicated and inferred PGM-gold-nickel resources and a 2025 PEA for conventional open-pit mining and flotation. Vale retains a 1% NSR and BNDES holds a 2% royalty on net operating revenue from platinum concentrate. Bravo Metals Ltda., Bravo’s wholly owned subsidiary, received CZPE authorization to establish its approved industrial project in the Barcarena Export Processing Zone and manufacture nickel-PGM mattes/alloys comprising platinum, palladium, rhodium, nickel, copper and cobalt. Approved on August 25, 2026 and published on September 1 under Resolution CZPE/MDIC No. 128, the authorization secures a 20-year ZPE tax, foreign exchange and administrative regime, subject to compliance with applicable legislation and regulations. It does not constitute an environmental licence or authorization to commence construction. Development, construction and operation of the proposed downstream facilities remain subject to environmental licensing, permitting, technical and economic studies, regulatory and governmental approvals, financing and future development decisions. Luanga’s PFS is evaluating potential vertical integration and downstream processing in Brazil, with completion targeted for the end of Q3 2026.
- Country
- Brazil
- Commodity
- PGE
- Stage
- Pre-Feasibility