Bravo Reports Results of Pre-Feasibility Study for its Luanga Project
Original announcement by cnw on
- Company
- Bravo Mining Corp.
- Ticker
- BRVO
- Exchange
- Unavailable
- Region
- Pará State, Brazil
- Primary commodity
- Palladium
- Secondary commodities
- Platinum, Rhodium, Gold, Nickel, Copper
- Document categories
- Resource update, Metallurgy, Other
- Extracted
- 2026-09-22 10:38:57 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Bravo Mining Corp. announced robust Pre-Feasibility Study results for its Luanga Project, featuring an after-tax NPV of US$1.45 billion and an IRR of 35.1%. The study establishes a maiden Mineral Reserve of 86.7 Mt grading 2.77 g/t PdEq, and highlights improved metallurgical recoveries for key metals. The project benefits from a vertically integrated operation with a smelter in a Brazilian Export Processing Zone, offering fiscal advantages and a 10-year mine life.
Reasoning: The Pre-Feasibility Study for the Luanga Project demonstrates robust economics with a significant after-tax NPV of US$1.45 billion and an IRR of 35.1%, supported by a maiden Mineral Reserve and improved metallurgical recoveries, indicating a de-risked and viable project with further upside potential.
Positive factors
- Robust economics with high after-tax NPV and IRR for the Base Case PFS.
- Maiden Mineral Reserve declared, indicating a de-risked project stage.
- Significant improvements in metallurgical recoveries for gold and nickel with Jameson Cell technology.
- Vertical integration strategy with ZPE benefits reduces costs and captures more value.
- Strong cash position to fund future studies and development.
- Potential for resource and reserve growth from ongoing infill drilling.
- Potential for additional revenue from copper credit, not included in current economics.
Negative factors
- Inferred Mineral Resources are not included in the Base Case mine plan, limiting current economic scope.
- The Mineral Resource estimate effective date is February 18, 2025, and does not include 22,100m of 2026 drilling, suggesting the resource could be larger.
- Platinum recovery slightly decreased compared to the 2025 PEA.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 68
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("concentrator")
POX/BIOX Routeneutral
Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
Why it applies: the document describes a pox_biox route ("roasting")
Extracted facts
Stored fact records: 68. Some facts used in scoring do not have a stored record.
Resource Estimates (68)
provenLuanga · palladiumTonnes: 17700000Grade: 0.95Grade Unit: g/tContained Metal: 541Contained Unit: kozView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:16c784e17ce328ab2779
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 17700000
- Grade
- 0.95
- Grade Unit
- g/t
- Contained Metal
- 541
- Contained Unit
- koz
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence.
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.95”
Context: 17.7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLuanga · platinumTonnes: 17700000Grade: 0.82Grade Unit: g/tContained Metal: 466Contained Unit: kozView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:16c784e17ce328ab2779
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 17700000
- Grade
- 0.82
- Grade Unit
- g/t
- Contained Metal
- 466
- Contained Unit
- koz
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for platinum is a significant component of the project's overall metal content and economic viability.
Positive factors
- Maiden Proven Reserve declared for platinum, adding to project confidence.
Evidence · table
“0.82”
Context: 17.7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLuanga · rhodiumTonnes: 17700000Grade: 0.12Grade Unit: g/tContained Metal: 70Contained Unit: kozView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- rhodium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:16c784e17ce328ab2779
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 17700000
- Grade
- 0.12
- Grade Unit
- g/t
- Contained Metal
- 70
- Contained Unit
- koz
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for rhodium adds to the overall value of the project, despite being a smaller component.
Positive factors
- Maiden Proven Reserve declared for rhodium, contributing to the project's PGM basket.
Evidence · table
“0.12”
Context: 17.7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLuanga · goldTonnes: 17700000Grade: 0.08Grade Unit: g/tContained Metal: 44Contained Unit: kozView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:16c784e17ce328ab2779
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 17700000
- Grade
- 0.08
- Grade Unit
- g/t
- Contained Metal
- 44
- Contained Unit
- koz
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for gold adds to the overall value of the project, despite being a smaller component.
Positive factors
- Maiden Proven Reserve declared for gold, contributing to the project's PGM basket.
Evidence · table
“0.08”
Context: 17.7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLuanga · palladiumTonnes: 17.7Grade: 0.95Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cc78d72164e7b6f333be
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 17.7
- Grade
- 0.95
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.95”
Context: 17.7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLuanga · platinumTonnes: 17.7Grade: 0.82Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cc78d72164e7b6f333be
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 17.7
- Grade
- 0.82
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.82”
Context: 17.7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLuanga · goldTonnes: 17.7Grade: 0.08Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cc78d72164e7b6f333be
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 17.7
- Grade
- 0.08
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.08”
Context: 17.7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLuanga · nickelTonnes: 17.7Grade: 0.1765Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cc78d72164e7b6f333be
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 17.7
- Grade
- 0.1765
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.1765”
Context: 17.7
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLuanga · palladiumTonnes: 69Grade: 0.93Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:8f0c31580fce80987cd2
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 69
- Grade
- 0.93
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.93”
Context: 69.0
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLuanga · platinumTonnes: 69Grade: 0.65Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:8f0c31580fce80987cd2
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 69
- Grade
- 0.65
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.65”
Context: 69.0
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLuanga · goldTonnes: 69Grade: 0.07Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:8f0c31580fce80987cd2
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 69
- Grade
- 0.07
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.07”
Context: 69.0
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLuanga · nickelTonnes: 69Grade: 0.1786Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:8f0c31580fce80987cd2
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 69
- Grade
- 0.1786
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.1786”
Context: 69.0
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLuanga · palladiumTonnes: 86.7Grade: 0.93Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:c0709def194b5938a823
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 86.7
- Grade
- 0.93
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.93”
Context: 86.7
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLuanga · platinumTonnes: 86.7Grade: 0.68Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:c0709def194b5938a823
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 86.7
- Grade
- 0.68
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.68”
Context: 86.7
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLuanga · goldTonnes: 86.7Grade: 0.07Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:c0709def194b5938a823
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 86.7
- Grade
- 0.07
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.07”
Context: 86.7
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLuanga · nickelTonnes: 86.7Grade: 0.1781Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:c0709def194b5938a823
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 86.7
- Grade
- 0.1781
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.1781”
Context: 86.7
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · palladiumTonnes: 4000000Grade: 0.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:6d41fbd890858b8c5e68
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 4000000
- Grade
- 0.9
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.90”
Context: 4
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · platinumTonnes: 4000000Grade: 0.88Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:6d41fbd890858b8c5e68
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 4000000
- Grade
- 0.88
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.88”
Context: 4
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · goldTonnes: 4000000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:6d41fbd890858b8c5e68
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 4000000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.05”
Context: 4
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · palladiumTonnes: 32000000Grade: 0.97Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:c379ac092e86411a05c8
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 32000000
- Grade
- 0.97
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.97”
Context: 32
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · platinumTonnes: 32000000Grade: 0.67Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:c379ac092e86411a05c8
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 32000000
- Grade
- 0.67
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.67”
Context: 32
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · goldTonnes: 32000000Grade: 0.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:c379ac092e86411a05c8
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 32000000
- Grade
- 0.04
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.04”
Context: 32
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · nickelTonnes: 32000000Grade: 0.11Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:c379ac092e86411a05c8
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 32000000
- Grade
- 0.11
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.11”
Context: 32
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · palladiumTonnes: 36000000Grade: 0.96Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:b6bb8758dd65f05467c7
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 36000000
- Grade
- 0.96
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.96”
Context: 36
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · platinumTonnes: 36000000Grade: 0.69Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:b6bb8758dd65f05467c7
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 36000000
- Grade
- 0.69
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.69”
Context: 36
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · goldTonnes: 36000000Grade: 0.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:b6bb8758dd65f05467c7
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 36000000
- Grade
- 0.04
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.04”
Context: 36
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLuanga · nickelTonnes: 36000000Grade: 0.1Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:b6bb8758dd65f05467c7
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 36000000
- Grade
- 0.1
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.10”
Context: 36
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · palladiumTonnes: 6000000Grade: 0.97Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:84de98ea90c4f66c50d1
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6000000
- Grade
- 0.97
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.97”
Context: 6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · platinumTonnes: 6000000Grade: 0.73Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:84de98ea90c4f66c50d1
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6000000
- Grade
- 0.73
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.73”
Context: 6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · goldTonnes: 6000000Grade: 0.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:84de98ea90c4f66c50d1
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6000000
- Grade
- 0.04
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.04”
Context: 6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · palladiumTonnes: 2000000Grade: 1.12Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:076efad5fcfddc6fc5bf
- Mining method
- open_pit
- Material type
- High talc
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 1.12
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“1.12”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · platinumTonnes: 2000000Grade: 0.54Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:076efad5fcfddc6fc5bf
- Mining method
- open_pit
- Material type
- High talc
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 0.54
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.54”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · goldTonnes: 2000000Grade: 0.11Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:076efad5fcfddc6fc5bf
- Mining method
- open_pit
- Material type
- High talc
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 0.11
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.11”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · nickelTonnes: 2000000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:076efad5fcfddc6fc5bf
- Mining method
- open_pit
- Material type
- High talc
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.13”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · palladiumTonnes: 113000000Grade: 0.99Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:8aba40eb13c54846c3ed
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 0.99
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.99”
Context: 113
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · platinumTonnes: 113000000Grade: 0.59Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:8aba40eb13c54846c3ed
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 0.59
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.59”
Context: 113
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · goldTonnes: 113000000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:8aba40eb13c54846c3ed
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.05”
Context: 113
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · nickelTonnes: 113000000Grade: 0.14Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:8aba40eb13c54846c3ed
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 0.14
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.14”
Context: 113
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · palladiumTonnes: 122000000Grade: 0.99Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cc77e99cfdcbfbbb4bb2
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 122000000
- Grade
- 0.99
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.99”
Context: 122
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · platinumTonnes: 122000000Grade: 0.59Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cc77e99cfdcbfbbb4bb2
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 122000000
- Grade
- 0.59
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.59”
Context: 122
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · goldTonnes: 122000000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cc77e99cfdcbfbbb4bb2
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 122000000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.05”
Context: 122
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · nickelTonnes: 122000000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cc77e99cfdcbfbbb4bb2
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 122000000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.13”
Context: 122
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · palladiumTonnes: 10000000Grade: 0.94Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:ae3989396e7acf94f1a0
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10000000
- Grade
- 0.94
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.94”
Context: 10
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · platinumTonnes: 10000000Grade: 0.79Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:ae3989396e7acf94f1a0
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10000000
- Grade
- 0.79
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.79”
Context: 10
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · goldTonnes: 10000000Grade: 0.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:ae3989396e7acf94f1a0
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10000000
- Grade
- 0.04
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.04”
Context: 10
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · palladiumTonnes: 145000000Grade: 0.98Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:9f94d4f54ce32bff8d6a
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 145000000
- Grade
- 0.98
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.98”
Context: 145
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · platinumTonnes: 145000000Grade: 0.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:9f94d4f54ce32bff8d6a
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 145000000
- Grade
- 0.6
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.60”
Context: 145
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · goldTonnes: 145000000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:9f94d4f54ce32bff8d6a
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 145000000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.05”
Context: 145
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · nickelTonnes: 145000000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:9f94d4f54ce32bff8d6a
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 145000000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.13”
Context: 145
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · palladiumTonnes: 158000000Grade: 0.98Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cedeeb5488fd62c5200b
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 158000000
- Grade
- 0.98
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.98”
Context: 158
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · platinumTonnes: 158000000Grade: 0.62Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cedeeb5488fd62c5200b
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 158000000
- Grade
- 0.62
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.62”
Context: 158
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · goldTonnes: 158000000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cedeeb5488fd62c5200b
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 158000000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.05”
Context: 158
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLuanga · nickelTonnes: 158000000Grade: 0.12Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cedeeb5488fd62c5200b
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 158000000
- Grade
- 0.12
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.12”
Context: 158
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · palladiumTonnes: 3000000Grade: 0.88Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cae0547629678803dc46
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 0.88
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.88”
Context: 3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · platinumTonnes: 3000000Grade: 1.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cae0547629678803dc46
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 1.04
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“1.04”
Context: 3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · goldTonnes: 3000000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cae0547629678803dc46
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.05”
Context: 3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · palladiumTonnes: 100000Grade: 1.08Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:ef5f3a9d184895a2ef13
- Mining method
- open_pit
- Material type
- High talc
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 1.08
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“1.08”
Context: 0.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · platinumTonnes: 100000Grade: 0.53Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:ef5f3a9d184895a2ef13
- Mining method
- open_pit
- Material type
- High talc
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.53
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.53”
Context: 0.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · goldTonnes: 100000Grade: 0.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:ef5f3a9d184895a2ef13
- Mining method
- open_pit
- Material type
- High talc
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.1
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.10”
Context: 0.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · nickelTonnes: 100000Grade: 0.14Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:ef5f3a9d184895a2ef13
- Mining method
- open_pit
- Material type
- High talc
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.14
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.14”
Context: 0.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · palladiumTonnes: 75000000Grade: 0.97Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cd0d74a6e40cc516ee62
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 75000000
- Grade
- 0.97
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.97”
Context: 75
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · platinumTonnes: 75000000Grade: 0.58Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cd0d74a6e40cc516ee62
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 75000000
- Grade
- 0.58
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.58”
Context: 75
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · goldTonnes: 75000000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cd0d74a6e40cc516ee62
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 75000000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.05”
Context: 75
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · nickelTonnes: 75000000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:cd0d74a6e40cc516ee62
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 75000000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.13”
Context: 75
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · palladiumTonnes: 78000000Grade: 0.97Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- palladium
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:145a4c9a75df14eaebc5
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 78000000
- Grade
- 0.97
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.97”
Context: 78
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · platinumTonnes: 78000000Grade: 0.59Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:145a4c9a75df14eaebc5
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 78000000
- Grade
- 0.59
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.59”
Context: 78
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · goldTonnes: 78000000Grade: 0.05Grade Unit: g/tView all detailsHide details
Identity
- Project
- Luanga
- Commodity
- gold
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:145a4c9a75df14eaebc5
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 78000000
- Grade
- 0.05
- Grade Unit
- g/t
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.05”
Context: 78
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLuanga · nickelTonnes: 78000000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- Luanga
- Commodity
- nickel
- Region
- brazil
- Reported Region
- Pará State, Brazil
- Ticker
- BRVO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Porfirio Cabaleiro Rodriguez
- Resource group id
- resource:145a4c9a75df14eaebc5
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 78000000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 0.87
- Cutoff Unit
- g/t PdEq
Prior Estimate
- Resource Date
- 2026-09-16
Metal Equivalent
- Metal Eq. Grade
- 2.99
- Metal Eq. Unit
- g/t PdEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Proven Reserve for palladium contributes significantly to the project's overall economic viability and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Proven Reserve declared, indicating high confidence in this portion of the resource.
- High contained metal for palladium in the Proven category.
Evidence · table
“0.13”
Context: 78
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.