Brazilian Rare Earths Discovers High-Grade Intercepts at Monte Alto, Plans Further Drilling

【SMM Rare Earth Flash】 Brazilian Rare Earths has identified multiple high-grade intercepts in the south and east extensions of its Monte Alto deposit, including 8 meters at 21.8% TREO from 189 meters depth, and 6.2 meters at 25.4% TREO from 162 meters depth. The company has prioritized the northern area as a key exploration target, planning 1,400 meters of drilling there and a total of 5,000 meters across the north, south, and east to further delineate the deposit.

Assays returned up to 6.664% PrNd oxide, 0.2853% Dy oxide, 1.0986% Nb oxide, and 0.4443% U oxide, confirming significant enrichment of rare earths and associated minerals. These results are not yet included in the current resource estimate and PEA, with a resource update targeted by year-end. The company noted that the deposit remains open to the north, south, east, and at depth. The Rocha project's PEA earlier this year outlined a post-tax NPV of approximately US$7.9 billion.