Brazilian Rare Earths March 2025 Quarterly Report

Rhea-AI Summary

Brazilian Rare Earths (ASX:BRE/OTCQX:BRELY) reports exceptional Q1 2025 results from its Monte Alto and Pelé projects. At Monte Alto, exploration revealed ultra-high-grade rare earth elements with up to 45.7% TREO, including outstanding NdPr grades of 69,558 ppm. The company also achieved record niobium assays of 17,092 ppm.

The Pelé project demonstrated its district-scale potential with high-grade discoveries up to 17.7% TREO in outcrops. Additionally, BRE restructured its agreement with Rio Tinto, replacing a US$40M milestone payment with a $1.00/wet tonne royalty on future bauxite sales.

A significant development emerged at the Amargosa Bauxite-Gallium Project, where re-assays revealed exceptional gallium grades up to 190 ppm Ga2O3. The company maintains a strong financial position with A$75.4 million in cash, ensuring funded operations through 2026.

Positive

• Record exploration results at Monte Alto with ultra-high-grade rare earth intercepts up to 45.7% TREO
• Discovery of exceptional niobium grades (17,092 ppm) and tantalum (962 ppm) at Monte Alto
• High-grade discoveries at Pelé Target 1 with rare earth grades up to 17.7% TREO
• Strong cash position of A$75.4 million as of March 2025
• New gallium discovery with exceptional grades up to 190 ppm Ga2O3 at Amargosa Project
• Restructured agreement with Rio Tinto replacing US$40M milestone payment with royalty system
• Confirmed thick, high-grade bauxite intervals with 27.5 metres at 51.3% alumina content

Negative

• None.

SYDNEY, April 29, 2025 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (ASX:BRE / OTCQX: BRELY) (‘BRE’) presents its quarterly report for the period ended 31 March 2025. Key highlights during and subsequent to the end of the quarter included:

Record exploration success continues at Monte Alto

• New exploration results at Monte Alto increased the continuity, depth and scale of the ultra-high-grade REE-Nb-Sc-Ta-U mineralised envelope, that remains open along strike and at depth
• Ultra-high-grade rare earth intercepts up to 45.7% TREO, including standout grades of 69,558 ppm NdPr and 11,696 ppm of DyTb
• New record assays for niobium at 17,092 ppm Nb₂O₅ and tantalum at 962 ppm Ta₂O₅, with near record grades of scandium at 382 ppm Sc₂O₃ and uranium at 5,781 ppm U₃O₈
• Drilling extended the thick horizons of shallow high-grade monazite-sand mineralisation - including 18m at 6.8% TREO from surface
• Multiple regional discoveries and airborne magnetics indicate a larger, interconnected high-grade mineral system extending +4 km beyond the maiden Monte Alto deposit
  
  

Pelé confirmed as district-scale high-grade rare earth project

• Exploration at Pelé Target 1 delivered 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
• High-grade diamond drill results at Pelé Target 1 returned assays of up to 13.5% TREO, including NdPr: 23,217 ppm | DyTb: 938 ppm | Nb₂O₅: 5,011 ppm | Sc₂O₃: 381 ppm | Ta₂O₅: 248 ppm | U₃O₈: 1,100 ppm
• Successful drilling extended large, shallow horizons of high-grade monazite-sands, with grades of up to 7.9% TREO and assays of up to 11,681 ppm NdPr and 580 ppm DyTb
  
  

Amargosa Bauxite-Gallium Project unlocks new province-scale value pathways

• BRE and Rio Tinto replaced the US$40m bauxite production-linked milestone payment with a fixed priced US$1.00/wet tonne royalty on future bauxite sales, providing greater funding flexibility
• 56,919 metres of historic drilling confirmed thick, high-grade bauxite intervals - including 27.5 metres at 51.3% total available alumina content - with low levels of reactive silica and iron
• Re-assays of 1,275 bauxite samples revealed a new gallium discovery with exceptional grades of up to 190 ppm Ga₂O₃, and a mean grade of 75 ppm Ga₂O₃
• Given the potential scale and quality of the bauxite-gallium prospects, RPM Global has been appointed to expedite a JORC-compliant bauxite and gallium Mineral Resource and Scoping Study
  
  

Strong financial position

• At 31 March 2025, BRE held A$75.4 million in cash
• Well funded for planned exploration and feasibility work programs through 2026
  
  

A link to full details of the quarterly report can be found here.

Contacts

Bernardo Da Veiga, Managing Director and CEO

investors@brazilianrareearths.com
www.brazilianrareearths.com

FAQ

What are the latest rare earth grades discovered at BRELY's Monte Alto project in March 2025?

BRELY reported record-high rare earth grades at Monte Alto, with intercepts up to 45.7% TREO, including exceptional grades of 69,558 ppm NdPr and 11,696 ppm of DyTb. The project also showed record niobium grades of 17,092 ppm Nb2O5 and tantalum at 962 ppm Ta2O5.

How much cash does Brazilian Rare Earths (BRELY) have as of March 2025?

As of March 31, 2025, Brazilian Rare Earths (BRELY) held A$75.4 million in cash, with sufficient funding for planned exploration and feasibility work programs through 2026.

What are the drilling results from BRELY's Pelé Target 1 project in 2025?

Pelé Target 1 drilling revealed high-grade results up to 13.5% TREO, with NdPr at 23,217 ppm, DyTb at 938 ppm, and extended shallow horizons of monazite-sands with grades up to 7.9% TREO.

What is the new royalty agreement between BRELY and Rio Tinto for the Amargosa project?

BRELY and Rio Tinto replaced the US$40m bauxite production-linked milestone payment with a fixed US$1.00/wet tonne royalty on future bauxite sales, providing greater funding flexibility.

What are the gallium grades discovered at BRELY's Amargosa Bauxite project?

Re-assays of 1,275 bauxite samples at Amargosa revealed exceptional gallium grades up to 190 ppm Ga2O3, with a mean grade of 75 ppm Ga2O3, leading to the appointment of RPM Global for a JORC-compliant resource study.