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Bravo Mining Corp
Symbol BRVO
Shares Issued 137,056,988
Close 2026-08-21 C$ 3.26
Market Cap C$ 446,805,781
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Bravo Mining drills six m of 6.81 g/t PGM+Au at Luanga

2026-08-24 15:36 ET - News Release

Mr. Luis Azevedo reports

BRAVO INTERCEPTS HIGH-GRADE MAGMATIC SULPHIDE NI/CU-PGM MINERALIZATION AT LUANGA

Bravo Mining Corp. has released assay results from the Babylon target area, located adjacent to the north sector of its 100-per-cent-owned Luanga palladium-plus-platinum-plus-rhodium-plus-gold-plus-nickel deposit, located in the Carajas mineral province, Para state, Brazil.

"Follow-up drilling to the magmatic nickel-/copper-rich mineralization in the Babylon region continues to show encouragement, with higher grades and mineralized thicknesses than reported in May, 2026. These results continue to suggest potential for additional mineralization below the existing Luanga [platinum-group-metal-plus-gold-plus-nickel] deposit," said Luis Azevedo, chairman and chief executive officer. "The preliminary interpretation from the recently completed deep IP [induced polarization] survey line that also covers Babylon appears to support the rationale for deeper testing below the known mineralization we have defined to date as well as following up on the high-grade PGM-plus-Au mineralization also intersected in this drill hole. Meanwhile, our fully funded copper-/gold-focused exploration activities continue to ramp up, with approximately 7.6 kilometres (three lines) of IP completed to date, out of a planned 50-kilometre IP survey program."

Highlights include:

  • DDH26LU347 tested an anomaly generated from borehole electromagnetics (BHEM) on previously reported drill hole, DDH26LU330, successfully intercepting a massive to semi-massive sulphide zone from 205.58 metres downhole.
  • The sulphide zone is associated with a chromitite interval hosted in orthopyroxenites of the Luanga transition zone and consists of pyrrhotite (gangue), pentlandite (primary nickel sulphide mineral) and chalcopyrite (primary copper sulphide mineral).
  • DDH26LU347 also intersected a separate 6.0-metre interval grading 6.81 grams per tonne PGM plus gold from 122.70 metres downhole, with low sulphide values.
  • BHEM surveying is planned to assist in further follow-up drilling.
  • Furthermore, the deep IP survey associated with continuing copper-gold exploration, which also covers the Babylon target, has identified a significant IP anomaly at depth, which warrants priority drill testing.

Luanga nickel/copper exploration

The most recent drill hole targeting nickel/copper sulphides proximal to the Luanga deposit, DDH26LU347, is in the north sector, approximately 300 metres south of the Babylon target and stratigraphically below and immediately east of the main PGM-plus-Au-plus-Ni mineral resource.

DDH26LU347 was designed to test an electromagnetic (EM) plate generated from the BHEM survey conducted on nearby previous hole DDH26LU330 (reported May 19, 2026) drilled in this area. EM data were processed and interpreted by Bravo's geophysical consultants, delineating a high-conductivity plate model, dipping 40 degrees at approximately a 270-dip direction.

DDH26LU347 successfully intercepted a massive to semi-massive sulphide zone starting at 205.58 metres downhole. The sulphide mineralization is associated with a chromitite interval hosted in an orthopyroxenite layer of Luanga's transition zone and consists of pyrrhotite (Po), pentlandite (Pn) and minor chalcopyrite (Ccp). Pentlandite is mainly present as fine- to medium-grained crystals, with minor exsolution lamellae in pyrrhotite.

The well-preserved mineral textures and close association of chromite with the sulphide mineralization indicate that a sulphide liquid pool was segregated and concentrated at this portion of the Luanga mafic-ultramafic (MUM) intrusion. Euhedral chromite crystals with enclosed sulphide blebs and partially corroded faces indicate the co-existence of chromite and the immiscible Ni-PGE-bearing sulphide liquid. This supports a magmatic origin to the mineralization, thus clearly related to the Luanga MUM intrusion.

Deep IP survey (Cu-Au exploration)

To date, three lines of IP surveying have been completed as part of the continuing Cu-Au exploration program. One of these survey lines covers the Babylon target, along an east-west two-kilometre-long traverse.

The sections and preliminary interpretations of the IP data at Babylon highlight strong chargeability and a low-resistivity anomalies that appear to correspond to the Babylon sulphide mineralization, likely extending deeper and potentially at a higher angle than the current drilling.

Based on this encouraging outcome, the IP data will be integrated with the existing Babylon data sets (geology, drilling and EM) to drill test the deep target.

Drilling and trenching status update

A total of 442 drill holes has been completed by Bravo to date, for 96,887 metres, including eight metallurgical holes (not subject to routine assaying). Results have been reported for 396 Bravo drill holes to date. Assay results for 46 holes are currently pending (excluding the metallurgical holes), some of which relate to exploration drilling outside the Luanga PGM-plus-Au-plus-Ni resource area. In total, 58 trenches have been completed to date (for 10,901 metres), with results from six trenches currently pending.

About Bravo Mining Corp.

Bravo is a Canadian- and Brazil-based mineral exploration and development company focused on advancing its PGM-plus-Au-plus-Ni deposit while also exploring for IOCG-style (iron oxide copper-gold) Cu-plus-Au and magmatic-style Ni-plus-Cu-plus-or-minus-PGM-plus-or-minus-Au mineralization within its 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. It has successfully taken a past IOCG greenfield project from discovery to development and production in the Carajas mineral province while defining other significant deposit types in the region.

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 56,000 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 the 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.

Assay methodologies and quality assurance/quality control

Samples follow a chain-of-custody between collection, processing and delivery to the SGS laboratory in Parauapebas, state of Para, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags and then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website in its analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.

Quality assurance/quality control is maintained internally at the lab through rigorous use of internal certified reference materials, blanks and duplicates. An additional QA/QC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QA/QC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QA/QC sample are retested.

We seek Safe Harbor.

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