High-Grade Discoveries Enhance Scale of Pelé Project

Rhea-AI Summary

Brazilian Rare Earths (ASX: BRE / OTCQX: BRELY) has announced significant exploration results at its Pelé Target 1 Project in Bahia, Brazil. The project, located within the Volta do Rio Plutonic Suite, has revealed multiple ultra-high-grade mineralisation discoveries.

Key findings include diamond drill results showing up to 13.5% TREO with significant concentrations of rare earth elements, including NdPr (23,217 ppm) and DyTb (938 ppm), along with other valuable minerals. Notable drill hole TG1DD0004 returned 29.8m of cumulative mineralisation, including 15.3m at 9.1% TREO from 25.6m depth.

The exploration has extended the mineralized trendline to 10 kilometers, with auger drilling discovering near-surface horizons of high-grade monazite sands reaching 7.9% TREO. The Pelé Project, situated 60km southwest of BRE's Monte Alto project, covers an area 60 times larger and represents one of three major confirmed projects alongside Monte Alto and Sulista.

Positive

• High-grade diamond drill results showing up to 13.5% TREO with significant rare earth concentrations
• Extensive mineralization strike length of 10km at Pelé Target 1
• Near-surface discovery of high-grade monazite sands (up to 7.9% TREO)
• Project area 60 times larger than Monte Alto project
• Multiple valuable minerals discovered including REE, niobium, scandium, tantalum, and uranium

Negative

• None.

News Market Reaction – BRELY

+45.07%

1 alert

+45.07% News Effect

On the day this news was published, BRELY gained 45.07%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SYDNEY, March 26, 2025 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (ASX: BRE / OTCQX: BRELY) is pleased to report the results of exploration drilling at the Pelé Target 1 Project, located in Bahia, Brazil.

The Pelé Project is hosted within the Volta do Rio Plutonic Suite, a large-scale magmatic system that extends over 180 km in Bahia, Brazil. Brazilian Rare Earths has confirmed the exploration potential of the province with multiple discoveries of ultra-high-grade mineralisation, including rare earth elements (REE), niobium (Nb), scandium (Sc), tantalum (Ta), and uranium (U).

Pelé Target 1 has the largest expanse of weathered REE-Nb-Sc-U outcrops discovered since exploration commenced at the Rocha da Rocha rare earth province. New geological mapping, 75 line-km of ground gamma stations and 162 new outcrop samples highlights that REE-Nb-Sc-Ta-U mineralisation repeats along eastern and western limbs of a regional structural fold that now extends over 10 km at the project.

New discovery of high-grade REE-Nb-Sc-Ta-U mineralisation

• High-grade diamond drill results at Pelé Target 1 returned assays of up to 13.5% TREO:
  • NdPr: 23,217 ppm | DyTb: 938 ppm | Nb₂O₅: 5,011 ppm | Sc₂O₃: 381 ppm | Ta₂O₅: 248 ppm | U₃O₈: 1,100 ppm
• High-grade REE-Nb-Sc-Ta-U from shallow depths (~20 m) extending to vertical depths of ~70 m
• Drillhole TG1DD0004 returned 29.8 m of a cumulative downhole mineralisation, including 15.3 m at 9.1% TREO from 25.6 m depth, with grades of:
  • NdPr: 15,617 ppm | DyTb: 692 ppm | Nb₂O₅: 1,861 ppm | Sc₂O₃: 231 ppm | Ta₂O₅: 94 ppm | U₃O₈: 754 ppm
• Auger drilling continues to discover extensive, near-surface horizons of high-grade monazite sands, with grades of up to 7.9% TREO and assays of up to 11,681ppm NdPr and 580 ppm DyTb

Pelé Target 1 discoveries extend high-grade mineralised trendline to 10 km

• Pelé is confirmed as a major district-scale rare earth exploration project located ~60 km southwest of BRE's Monte Alto project in Bahia, Brazil, and covers an exploration area over 60 times larger than Monte Alto
• Recent exploration has focussed primarily on Pelé Target 1 – one of five large exploration target areas within the larger Pelé Project area – delivering new discoveries of high-grade rare earth outcrops with grades of up to 17.7% TREO and high-grade monazite sands with grades of up to 8.5% TREO
• New outcrop discoveries of high-grade REE-Nb-Sc-Ta-U mineralisation significantly extend the mineralised strike at Pelé Target 1 to over 10 km
• Brazilian Rare Earths now controls three major confirmed projects - Monte Alto, Sulista and Pelé – each demonstrating significant diamond drill intersections of high-grade REE-Nb-Sc-Ta-U mineralisation

A link to the full announcement can be found here.

Contacts

Bernardo Da Veiga, Managing Director and CEO

investors@brazilianrareearths.com
www.brazilianrareearths.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afa14677-2eca-4db1-a146-2e7051a78ed7

FAQ

What are the latest drill results from BRELY's Pelé Target 1 Project?

Diamond drilling revealed up to 13.5% TREO, with NdPr at 23,217 ppm and DyTb at 938 ppm, while hole TG1DD0004 returned 29.8m of mineralization including 15.3m at 9.1% TREO from 25.6m depth.

How large is BRELY's Pelé Project mineralization strike length?

Recent exploration has extended the mineralized strike length at Pelé Target 1 to over 10 kilometers.

What grades were found in BRELY's Pelé Project monazite sands?

Auger drilling discovered high-grade monazite sands with grades up to 7.9% TREO, including up to 11,681ppm NdPr and 580 ppm DyTb.

How does BRELY's Pelé Project compare in size to Monte Alto?

The Pelé Project covers an exploration area approximately 60 times larger than the Monte Alto project and is located about 60km southwest of it.

What are the main minerals discovered in BRELY's Pelé Project?

The project revealed rare earth elements (REE), niobium (Nb), scandium (Sc), tantalum (Ta), and uranium (U) mineralization.