Bravo Reports Results of Pre-Feasibility Study for its Luanga Project
Bravo Mining Corp. announced robust results from its Pre-Feasibility Study (PFS) for the Luanga Project, reporting a US$1.45 billion after-tax NPV8% and a 35.1% IRR for the Base Case. The study declares a maiden Mineral Reserve of 86.7 Mt at 2.77 g/t PdEq, based entirely on Measured and Indicated Resources. Improved metallurgical recoveries, particularly for gold and nickel, were achieved through Jameson Cell flotation technology, and the project benefits from vertical integration with an on-site smelter in a Brazilian Export Processing Zone (ZPE).