Brazilian Rare Earths Limited reports project, exploration and development updates for rare earth and critical mineral assets in Bahia, Brazil. Recurring news covers drilling and assay results at the Monte Alto Rare Earths Project, district-scale exploration at the Sulista Project, metallurgical test work, ore sorting studies, and permitting milestones tied to trial mining and pilot-plant activities.
The company’s updates also include project studies for the Amargosa Bauxite-Gallium Project, processing flowsheet work for rare earth recovery, shareholder voting matters, capital-structure disclosures, governance matters, and operating and financial results.
Brazilian Rare Earths (ASX:BRE / OTCQX: BRELY) reported exceptional exploration results for Q4 2024 at its Monte Alto project. The company achieved record-breaking rare earth intercepts up to 45.7% TREO, with outstanding NdPr (69,558 ppm) and DyTb (11,696 ppm) grades. New record assays included niobium (1.7% Nb2O5) and tantalum (962 ppm Ta2O5).
Drilling extended high-grade, shallow monazite-sand mineralization, with intercepts of 18m at 6.8% TREO from surface. Airborne magnetics revealed potential for a larger mineralized system extending over 4km. Metallurgical testing achieved up to 94% TREO extraction under mild conditions, with chevkinite confirmed as the dominant mineral. The project contains 18 of 50 U.S. designated critical minerals at high grades.
The company secured permitting milestones with the approval of the Final Exploration Report for Monte Alto and 20 additional licenses covering 348 km² across the Rocha da Rocha Province.