Bravo Mining Reports Thick PGM-Nickel Intersections at Luanga Project in Brazil

**SMM News, September 17:** Overnight, Federal Reserve members voted unanimously in favor of an interest rate hike, a rare outcome, and further consecutive rate hikes remain possible. Precious metals have been under sustained downward pressure on the back of the rate hike news, triggering a sudden pullback in rhodium prices following their earlier rally. Some market participants noted that selling liquidity has dried up markedly over the past two days, and forced liquidation at lower prices has caused rhodium to fall sharply.

[SMM Flash] Stratex Resources has acquired African Thunder Platinum from a consortium led by Pala Investments, bringing interests associated with South Africa's Kalplats PGM project under new ownership. African Thunder Platinum holds a 70% interest in Greenstone Platinum and owns Stella Platinum, which holds the land associated with Kalplats. The project is located in South Africa's North West Province and represents an undeveloped PGM asset outside the country's principal Bushveld production centres. Stratex said it intends to pursue development of Kalplats in partnership with an established South African PGM developer or producer. The transaction could provide a new development pathway for an asset that has passed through several ownership structures and remains relevant to potential future South African PGM supply. However, the acquisition does not constitute a construction or production decision, and financing arrangements, development timelines and future production parameters have not yet been established.