Brazilian Critical Minerals

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Research

BBX Minerals (BBX) acquires three new tenements totalling 14,864 hectares in the Apui region of Brazil and conducted surface soil sampling

Initial reconnaissance soil sampling reveals significant TREO values above cerium dioxide levels of 200 ppm out of 52 of all 53 samples collected

Results include averages of 569 ppm TREO in 32 samples at a maximum of 1000 ppm TREO and a 576 ppm TREO average in 11 samples at a maximum of 920 ppm

The company’s results create grounds for a broad-spaced auger drilling to take place over its REE mineralised zone of interest

BBX shares are down 11.9 per cent, trading at 3.7 cents at 12:21 pm AEST