41.5% Magnet MREC generated from EMA field trials
Released
Released
Announcement PDF
ASX Announcement
Released 17th December 2025
https://braziliancriticalminerals.com/
Investor Hub: signup here
Brazilian Critical Minerals Ltd (ABN: 82 089 221 634)
AUS: Level 28, 140 St Georges Terrace, Perth WA 6000 T +61 8 6383 7820
BRA: MINERAÇÃO BBX DO BRASIL LTDA, Rua dos Inconfidentes n⁰ 867, Savassi, Belo Horizonte, Minas Gerais, CEP 30.140-128
Page | 1
EMA FIELD TRIAL SOLUTIONS PRODUCE MREC
CONTAINING 52.5% TREO
ANSTO testwork has produced a high grade mixed rare earth carbonate (MREC) grading 52.5%
TREO containing exceptionally high levels of magnet oxides at 41.5%
Highlights
• 52.5% TREO in MREC product produced from ANSTO flowsheet testwork in
Sydney delivering a high-quality final product from Ema field trial solutions
• Within the TREO, 41.5% are represented as magnet rare earth oxides (MREO)
making the Ema composition one of the highest proportion magnet products
produced in the western world
• Low impurities representing <2% of MREC
• MREC produced without the need for any complex flotation and/or
hydrometallurgical processing, eliminating the need of 80-90% of CAPEX
compared to most rare earth projects
• MREC samples have been sent to prospective offtakers for validation testing as
part of ongoing discussions
• ANSTO to continue with follow-up optimisation testwork focused on impurity
removal and MREC precipitation
• Results to be incorporated into upcoming Bankable Feasibility Study
• Company is fully engaged with all required State and Federal Government
Departments in relation to the ongoing permitting process
Brazilian Critical Minerals Limited (ASX: BCM) (“BCM” or the “Company”) is pleased to report the
successful generation of a mixed rare earth carbonate product from field trial solution recovered during
the in-situ recovery (ISR) field trials at the Ema Project in Brazil and sent to the Australian Nuclear Science
and Technology Organisation (ANSTO). The testwork produced a very high grade, export quality MREC
within commercial specifications confirming the viability of the in-situ recovery processing route.
ASX Announcement
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Brazilian Critical Minerals Ltd (ABN: 82 089 221 634)
AUS: Level 28, 140 St Georges Terrace, Perth WA 6000 T +61 8 6383 7820
BRA: MINERAÇÃO BBX DO BRASIL LTDA, Rua dos Inconfidentes n⁰ 867, Savassi, Belo Horizonte, Minas Gerais, CEP 30.140-128
Page | 2
Figure 1. ANSTO produced MREC product containing on average approximately 52% by volume TREO
(total rare earth oxides). Oxide samples ready for shipment to potential offtakers.
To view the video of MD, Andrew Reid, discussing this announcement, click on the link below
https://braziliancriticalminerals.com/link/Pwbdwr
Andrew Reid, Managing Director, commented:
“BCM has again set the standard for ionic rare earth projects producing MREC containing 41.5% magnet
oxides placing it within a select group of rare earth projects with this capability globally. The Company
remains firmly focused on its path to achieve its goal of producing commercial quantities of rare earth
oxides via in-situ recovery by developing the lowest capital-intensive rare-earth project in the western
world.
These results are a key component in validating project economics and future cashflows for our
bankable feasibility study as it is being completed in parallel with the key phases of project permitting
and offtake discussions.
BCM has had an extremely productive and successful 2025 achieving multiple major technical
milestones and we are now primed to leverage this success as we move through major change catalysts
in 2026 prior to project financing.”
ASX Announcement
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BRA: MINERAÇÃO BBX DO BRASIL LTDA, Rua dos Inconfidentes n⁰ 867, Savassi, Belo Horizonte, Minas Gerais, CEP 30.140-128
Page | 3
Comments on Results
As previously announced (ASX:BCM Oct 2025), the Company sent 1,000 L of pregnant liquor solution to
ANSTO in Sydney, which was recovered from its on-site field trials at the Ema Project completed during
May – September 2025.
The raw solution averaged 877 ppm total rare earth oxides (TREO), with approximately 50% of the
solution being processed through the steps of impurity removal and MREC precipitation to generate 650
grams of high value & high quality MREC containing 52.5% TREO.
Of the 15 rare earth oxides recovered within the MREC, the four economically critical oxides
praseodymium, neodymium, dysprosium and terbium collectively (MREO) represented 41.5% (Table 1).
This places the Ema MREC as one of the highest MREO products in the western world.
This result demonstrates the Ema Project’s ability to produce a high-purity, magnet-rich rare earth
product using low-cost ISR processing, reinforcing its strategic importance as a potential Western supply
of critical rare earths. (Table 1).
Table 1. MREC basket price and composition on a 100% basis of REE elements collected from ANSTO
testwork PLS from Ema field trials containing 877ppm TREO. (REE Prices: Rare Earth Observer 14 Dec
2025 #190)
SPOT MREC BASKET BCM
Ema Project
Oxide
Price (13.12.25)
USD/kg
% Basket $
La2O3 $ 0.64 36.02 0.23
CeO2 $ 1.64 11.89 0.19
Pr6O11 $ 84.23 8.99 7.57
Nd2O3 $ 83.74 31.62 26.48
Sm2O3 $ 2.34 3.94 0.09
Eu2O3 $ 25.13 0.49 0.12
Gd2O3 $ 22.65 1.89 0.43
Tb4O7 $ 894.70 0.17 1.54
Dy2O3 $ 195.36 0.70 1.38
Ho2O3 $ 70.08 0.13 0.09
Er2O3 $ 48.56 0.32 0.16
Tm2O3 $ 115.52 0.04 0.05
Yb2O3 $ 14.16 0.25 0.03
Lu2O3 $ 729.07 0.03 0.25
Y2O3 $ 8.49 3.52 0.30
Basket Price US$/kg (TREO) 38.91
Basket Price US$/kg (NdPrDyTb) 36.96
MREO % 41.48
TREO % 100
ASX Announcement
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BRA: MINERAÇÃO BBX DO BRASIL LTDA, Rua dos Inconfidentes n⁰ 867, Savassi, Belo Horizonte, Minas Gerais, CEP 30.140-128
Page | 4
The basket value in Table 1 of USD$38.91/kg TREO compares favourably to the value of USD$30.93 used
in the scoping study (ASX: 26 Feb 25) which defined a project with an NPV of USD$498 and an IRR of
55%.
Impurity levels within the (MREC) were low, with non-rare earth elements effectively removed during
ion exchange and downstream purification. Key deleterious impurities such as iron, aluminium, calcium
magnesium, uranium and thorium were reduced to trace levels, producing a clean, high-purity MREC
suitable for further separation and refining. The low impurity profile is expected to simplify downstream
processing, reduce reagent consumption and enhance overall product value.
Table 2. MREC impurity results from ANSTO testwork on ISR field trial solutions.
Impurity Oxide Weight %
Aluminium Al2O3 0.08
Calcium CaO 0.04
Cobalt CoO <0.001
Copper CuO <0.001
Iron Fe2O3 0.003
Potassium K2O 0.006
Magnesium MgO <0.02
Manganese MnO 0.01
Sodium Na2O <0.07
Lead PbO <0.001
Silica SiO2 0.04
Sulphate SO4 0.42
Zinc ZnO 1.06
ppm
Thorium Th <10*
Uranium U <10*
*Represents values below the detection limit of the analytical instrument.
This announcement has been authorised for release by the Board of Directors.
Enquiries
For more information please contact:
Andrew Reid
Managing Director
Brazilian Critical Minerals Limited
Andrew.reid@braziliancriticalminerals.com
ASX Announcement
Released 17th December 2025
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Brazilian Critical Minerals Ltd (ABN: 82 089 221 634)
AUS: Level 28, 140 St Georges Terrace, Perth WA 6000 T +61 8 6383 7820
BRA: MINERAÇÃO BBX DO BRASIL LTDA, Rua dos Inconfidentes n⁰ 867, Savassi, Belo Horizonte, Minas Gerais, CEP 30.140-128
Page | 5
Brazilian Critical Minerals Limited (BCM) is a mineral
exploration company listed on the Australian
Securities Exchange.
Its major exploration focus is Brazil, in the Apuí
region, where BCM has discovered a world class Ionic
Adsorbed Clay (IAC) Rare Earth Elements deposit. The
Ema IAC project is contained within the 781 km² of
exploration tenements within the Colider Group and
adjacent sediments.
BCM has defined an indicated and inferred MRE of
943Mt of REE’s with metallurgical recoveries
averaging 68% MREO, representing some of the
highest for these types of deposits anywhere in the
world.
The Company has commenced a bankable feasibility
study due for completion in Q1 2026, is engaging
with regulators regarding permitting approvals and
has commenced a resource extension drilling
program which will inform the BFS economic analysis.
Ema REE Global Mineral Resource Estimate @COG 500ppm TREO
JORC
Category
cut-off
ppm TREO
Tonnes
Mt
TREO
ppm
NdPr
ppm
DyTb
ppm
MREO
ppm
MREO: TREO
%
Indicated 500 248 759 176 16 192 25
Inferred 500 695 701 165 16 181 26
Total 500 943 716 168 16 184 26
The information in this announcement relates to previously reported exploration results and mineral
resource estimates for the Ema Project released by the Company to ASX on 22 May 2023, 17 July 2023,
19 July 2023, 31 July 2023, 13 Sep 2023, 19 Oct 2023, 06 Dec 2023, 06 Feb 2024, 22 Feb 2024, 13 Mar
2024, 02 Apr 2024, 08 Oct 2024 19 Nov 2024, 21 Jan 2025, 17th
Feb 2025, 26th
Feb 2025, 10th
March
2025, 13th
March 2025, 28th
April 2025, 27th
May 2025, 28th
May, 13 June 2025, 01 July 2025, 18 August
2025, 01 Sep 2025, 22 Sep 2025 and 20 Oct 2025. The Company confirms that is not aware of any new
information or data that materially affects the information included in the above-mentioned releases
and CONTINUES TO APPLY and have not materially changed in accordance with listing Rule 5.23.2.
ASX Announcement
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Brazilian Critical Minerals Ltd (ABN: 82 089 221 634)
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BRA: MINERAÇÃO BBX DO BRASIL LTDA, Rua dos Inconfidentes n⁰ 867, Savassi, Belo Horizonte, Minas Gerais, CEP 30.140-128
Page | 6
Competent Person Statement
The information in this announcement that relates to exploration results is based on information
compiled by Mr. Antonio de Castro, BSc (Hons), Member of AusIMM, CREA, who acts as BCM´s Senior
Consulting Geologist through the consultancy firm, ADC Geologia Ltda. Mr. de Castro has sufficient
experience which is relevant to the type of deposit under consideration and to the reporting of
exploration results and analytical and metallurgical test work to qualify as a competent person as
defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) “Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Castro consents to the report being
issued in the form and context in which it appears.
Appendix 1
The following Table and Sections are provided to ensure compliance with JORC Code (2012 Edition).
JORC (2012) Table 1 – Section 1: Sampling Techniques and Data for auger hole drilling
Item JORC code explanation Comments
Sampling
Techniques
• Nature and quality of sampling (eg cut
channels. random chips. or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation. such as
down hole gamma sondes. or handheld
XRF instruments. etc). These examples
should not be taken as limiting the broad
meaning of sampling.
• Include reference to measures taken to
ensure sample representativity and the
appropriate calibration of any
measurement tools or systems used.
• Aspects of the determination of
mineralisation that are Material to the
Public Report.
• In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg ‘reverse circulation drilling was
used to obtain 1 m samples from which 3
kg was pulverised to produce a 30 g charge
for fire assay’). In other cases more
explanation may be required. such as
where there is coarse gold that has
inherent sampling problems. Unusual
commodities or mineralisation types (eg
submarine nodules) may warrant
disclosure of detailed information.
• Exploration results are based on auger drilling conducted by BCM´s
exploration team.
• The data presented is based on the assay of soils and saprolite by
auger drilling at 1m sample intervals.
• Sampling was supervised by a GE21 geologist or a GE21 field
assistant.
• Every 1-metre sample was collected in a big plastic bag in the field
and transported to the exploration shed to be dried in the muffle.
prior to homogenisation.
• Samples were homogenised and subsequently riffle split with about
1 kg sent to SGS for analysis and a similar amount stored.
• 1 certified blank sample. 1 certified reference material (standard)
samples and 1 field duplicate sample were inserted into the sample
sequence for each 25 samples.
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Page | 7
Item JORC code explanation Comments
Drilling
Techniques
• Drill type (eg core. reverse circulation.
open-hole hammer. rotary air blast. auger.
Bangka. sonic. etc) and details (eg core
diameter. triple or standard tube. depth of
diamond tails. face-sampling bit or other
type. whether core is oriented and if so. by
what method. etc).
• Auger drilling was completed by a hand held-mechanical auger with
a 3” auger bit. The drilling is an open hole. meaning there is a
significant chance of contamination from surface and other parts of
the auger hole. Holes are vertical and not oriented.
Drill Sample
Recovery
• Method of recording and assessing core
and chip sample recoveries and results
assessed.
• Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
• Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
• No recoveries are recorded.
• The operator observes the volume of each metre and notes any
discrepancy.
• No relationship is believed to exist between recovery and grade.
Logging
• Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate
Mineral Resource estimation. mining
studies and metallurgical studies.
• Whether logging is qualitative or
quantitative in nature. Core (or costean.
channel. etc) photography.
• The total length and percentage of the
relevant intersections logged.
• All holes were logged by GE21 geologist. detailing the colour.
weathering. alteration. texture and any geological observations.
Care is taken to identify transported cover from in-situ
saprolite/clay zones and the moisture content. Logging was done to
a level that would support a Mineral Resource Estimate.
• Qualitative logging with systematic photography of the stored box.
• The entire auger hole is logged.
Sub-
Sampling
Techniques
and
Sampling
Procedures
• If core. whether cut or sawn and whether
quarter. half or all core taken.
• If non-core. whether riffled. tube sampled.
rotary split. etc and whether sampled wet
or dry.
• For all sample types. the nature. quality
and appropriateness of the sample
preparation technique.
• Quality control procedures adopted for all
sub-sampling stages to maximise
representativity of samples.
• Measures taken to ensure that the
sampling is representative of the in-situ
material collected. including for instance
results for field duplicate/second-half
sampling.
• Whether sample sizes are appropriate to
the grain size of the material being
sampled.
• Auger sampling procedure is completed in the exploration shed in
Apui.
• The entire one metre sample is bagged on site. in a big plastic bag
which is transported to the exploration shed. where it is dried at
70-90C prior to homogenisation. then quartered to about 1kg to go
to SGS and another 1kg to store on site.
• Sample preparation for the auger samples was conducted at SGS
Vespasiano (greater Belo Horizonte) comprising oven drying at
100C. crushing of entire sample to 75% < 3mm followed by rotary
splitting and pulverisation of 250 to 300 grams at 95% minus 150#
• The <3mm rejects and the 250-300 grams pulverised sample were
returned to BCM for storage.
• Only the last 10 metres of each hole were sent to assay. the
samples above will be send if required.
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Page | 8
Item JORC code explanation Comments
Quality of
Assay Data
and
Laboratory
Tests
• The nature. quality and appropriateness of
the assaying and laboratory procedures
used and whether the technique is
considered partial or total.
• For geophysical tools. spectrometers.
handheld XRF instruments. etc. the
parameters used in determining the
analysis including instrument make and
model. reading times. calibrations factors
applied and their derivation. etc.
• Nature of quality control procedures
adopted (eg standards. blanks. duplicates.
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) and precision have been established
ANSTO completed the assay data and laboratory tests for the Ema
Project, with the aim to produce a Mixed Rare Earth Carbonate
(MREC). The primary objective of the work was to develop a
product utilising magnesium based reagents allowing for a final
demonstration and marketing product to be developed.
Specific tasks included;
• Carrying out a large scale impurity removal test on liquor
generated from field trials in Brazil;
• Carrying out processing through IX to remove primary uranium on
the IR liquor;
• Carry out a large scale rare earth carbonate precipitation test on
the IR liquor;
• Analyse the MREC product for a full suite of elements, including
radionuclides;
Flowsheet for MREC Production: The process included the following
key steps:
1. Impurity Removal: Using magnesium oxide and magnesium
bicarbonate, a two-stage precipitation process increased the pH
from 4.5 to 7.5 under ambient conditions. This also included
uranium removal via ion exchange to remove residual uranium.
3. MREC Precipitation: Magnesium bicarbonate was used as a
precipitating agent to produce the final MREC product.
Final Product: MREC containing 52.5% TREO and 41.5% of MREO
(100% basis) and impurity levels ~<2.0%. Residual liquids from the
desorption and precipitation stages were analysed to assess
impurity removal efficiency. Laboratories and Analytical
Techniques: - ANSTO: Conducted most of the process tests and
analyses using the following techniques: - XRF for major elements,
including Al, Ca, Fe, K, Mg, Mn, Na, Si, and others. - ICP-OES for in-
house analysis of gangue minerals. ICP-MS for rare earth elements,
including Ce, Dy, Er, Eu, Gd, Ho, La, Lu, Nd, Pr, Sc, Sm, Tb, Th, Tm, U,
Y, and Yb. At the ALS Geochemistry Laboratory: Performed external
analysis of rare earths and radionuclides using lithium tetraborate
fusion digest followed by ICPMS. These tests confirmed the quality
of the MREC product, has low impurity levels, and complies with
market specifications.
Field Samples:
• 1 blank sample. 1 certified reference material (standard) sample
and 1 field duplicate sample were inserted by BBX into each 25-
sample sequence.
• Standard laboratory QA/QC procedures were followed. including
inclusion of standard. duplicate and blank samples.
• The assay results of the standards fall within acceptable tolerance
limits and no material bias is evident.
• The assay technique used for REE was Lithium Metaborate Fusion
ICP-MS (SGS code ICP95A and IMS95A). This is a recognised industry
standard analysis technique for REE suite and associated elements.
Elements analysed at ppm levels:
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Page | 9
Item JORC code explanation Comments
Ba Ce Cr Cs Dy Er Eu Ga
Gd Hf Ho La Lu Nb Nd Pr
Rb Sm Sn Sr Ta Tb Th Tm
U V W Y Yb Zr Zn Co
Cu Ni
The sample preparation and assay techniques used are industry
standard and provide total analysis.
The ICP95A reports the major elements oxides used to calculate
the Chemical Index of Alteration (CIA) at % levels included:
Al2O3 CaO Cr2O3 F2O3
K2O MgO MnO Na2O
P2O5 SiO2 TiO2
• The SGS laboratory used for the RRE assays is ISO 9001 and 14001
and 17025 accredited.
• Analytical standard for REE ITAK-713 and 714 were used as CRM
material in the batches sent to SGS.
• The assay results for the standards were consistent with the
certified levels of accuracy and precision and no bias is evident.
• The blanks used contain some REE. with critical elements Ce. Nd.
Dy and Y present in small quantities.
• Duplicate samples were allocated separate sample numbers and
submitted with the same analytical batch as the primary sample.
Variability between duplicate results is considered acceptable and
no sampling bias is evident.
• Laboratory inserted standards. blanks and duplicates were
analysed as per industry standard practice. There is no evidence of
bias from these results.
Verification
of Sampling
and Assaying
• The verification of significant intersections
by either independent or alternative
company personnel.
• The use of twinned holes.
• Documentation of primary data. data
entry procedures. data verification. data
storage (physical and electronic)
protocols.
• Discuss any adjustment to assay data.
• Apart from the routine QA/QC procedures by the Company and the
laboratory. there was no other independent or alternative
verification of sampling and assaying procedures.
• Analytical results for REE were supplied digitally. directly from the
SGS laboratory in Vespasiano to the BCMs Exploration Manager in
Rio de Janeiro.
• No twinned holes were used.
• Geological data was logged onto paper and transferred to Excel
spreadsheets at end of the day and then transferred into the drill
hole database. Microsoft Access is used for database storage and
management and incorporates numerous data validation and data
integrity checks. All assay data is imported directly into the
Microsoft Access database.
• No adjustments were made to the data.
• All REE assay data received from the laboratory in element form is
unadjusted for data entry.
• Conversion of elements analysis (REE) to stoichiometric oxide (REO)
was undertaken by spreadsheet using defined conversion factors.
(Source:https://www.jcu.edu.au/advanced-analytical-
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Item JORC code explanation Comments
centre/resources/element-to-stoichiometric-oxide-conversion-
factors).
Element ppm Conversion Factor Oxide Form
Ce 1.2284 CeO2
Dy 1.1477 Dy2O3
Er 1.1435 Er2O3
Eu 1.1579 Eu2O3
Gd 1.1526 Gd2O3
Ho 1.1455 Ho2O3
La 1.1728 La2O3
Lu 1.1371 Lu2O3
Nd 1.1664 Nd2O3
Pr 1.2082 Pr6O11
Sm 1.1596 Sm2O3
Tb 1.1762 Tb4O7
Tm 1.1421 Tm2O3
Y 1.2699 Y2O3
Yb 1.1387 Yb2O3
Rare earth oxide is the industry accepted form for reporting rare
earths. The following calculations are used for compiling REO into
their reporting and evaluation groups:
TREO (Total Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3
+ Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 +
Tm2O3 + Yb2O3 + Y2O3 + Lu2O3
LREO (Light Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3
HREO (Heavy Rare Earth Oxide) = Sm2O3 + Eu2O3 + Gd2O3 +
Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Y2O3 +
Lu2O3
CREO (Critical Rare Earth Oxide) = Nd2O3 + Eu2O3 + Tb4O7 +
Dy2O3 + Y2O3
(From U.S. Department of Energy. Critical Material Strategy.
December 2011)
MREO (Magnetic Rare Earth Oxide) = Nd2O3 + Pr6O11 + Tb4O7 +
Dy2O3
NdPr = Nd2O3 + Pr6O11
DyTb = Dy2O3 + Tb4O7
In elemental from the classifications are:
TREE: La+Ce+Pr+Nd+Sm+Eu+Gd+Tb+Dy+Ho+Er+Tm+Tb+Lu+Y
HREE: Sm+Eu+Gd+Tb+Dy+Ho+Er+Tm+Tb+Lu+Y
CREE: Nd+Eu+Tb+Dy+Y
LREE: La+Ce+Pr+Nd
Location of
Data Points
• Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys). trenches. mine workings and
other locations used in Mineral Resource
estimation.
• Specification of the grid system used.
• The UTM WGS84 zone 21S grid datum is used for current reporting.
The drill holes collar coordinates for the holes reported are
currently controlled by hand-held GPS.
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Page | 11
Item JORC code explanation Comments
• Quality and adequacy of topographic
control.
Data Spacing
and
Distribution
• Data spacing for reporting of Exploration
Results.
• Whether the data spacing and distribution
is sufficient to establish the degree of
geological and grade continuity
appropriate for the Mineral Resource and
Ore Reserve estimation procedure(s) and
classifications applied.
• Whether sample compositing has been
applied.
• Auger holes were over 200m to 400m apart. designed for testing
iREE mineralization over the mapped felsic volcanics.
• The data spacing and distribution is sufficient to establish the level
of REE elements present in the target area and its continuity along
the regolith profile appropriate for a Mineral Resource.
• No sample composition was applied.
Orientation
of Data in
relation to
Geological
Structure
• Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known. considering the deposit type.
• If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias. this
should be assessed and reported if
material.
• The location and depth of the sampling is appropriate for the
deposit type.
• Relevant REE values are compatible with the exploration model for
ionic REEs.
• No relationship between mineralisation and drilling orientation is
known at this stage.
Sample
security
• The measures taken to ensure sample
security.
• The auger samples in sealed plastic bags were sent directly to SGS
by bus and then airfreight. The Company has no reason to believe
that sample security poses a material risk to the integrity of the
assay data.
Audit or
Reviews
• The results of any audits or reviews of
sampling techniques and data.
• The sampling techniques and data have been reviewed by the
Competent Person and are found to be of industry standard.
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Brazilian Critical Minerals Ltd (ABN: 82 089 221 634)
AUS: Level 28, 140 St Georges Terrace, Perth WA 6000 T +61 8 6383 7820
BRA: MINERAÇÃO BBX DO BRASIL LTDA, Rua dos Inconfidentes n⁰ 867, Savassi, Belo Horizonte, Minas Gerais, CEP 30.140-128
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JORC (2012) Table 1 - Section 2: Reporting of Exploration Results
Criteria JORC code explanation Commentary
Mineral
Tenement
and Land
Tenure Status
• Type. reference name/number. location
and ownership including agreements or
material issues with third parties such as
joint ventures. partnerships. overriding
royalties. native title interests. historical
sites. wilderness or national park and
environmental settings.
• The security of the tenure held at the time
of reporting along with any known
impediments to obtaining a licence to
operate in the area.
• The EMA and EMA EAST leases are 100% owned by
BCM with no issues in respect to native title
interests. historical sites. wilderness or national
park and environmental settings.
• The company is not aware of any impediment to
obtain a licence to operate in the area.
Exploration
done by Other
Parties
• Acknowledgment and appraisal of
exploration by other parties.
• No exploration by other parties has been
conducted in the region.
Geology
• Deposit type. geological setting and style of
mineralisation.
• The REE mineralisation at EMA is contained within
the tropical lateritic weathering profile developed
on top of felsic rocks. rhyolites as per the Chinese
deposits.
• The REE mineralisation is concentrated in the
weathered profile where it has dissolved from the
primary mineral. such as monazite and xenotime.
then adsorbed on to the neo-forming fine particles
of aluminosilicate clays (e.g. kaolinite. illite.
smectite).
• This adsorbed iREE is the target for extraction and
production of REO.
Drill Hole
Information
• A summary of all information material to
the understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:
• easting and northing of the drill
hole collar
• elevation or RL (Reduced Level –
elevation above sea level in
metres) of the drill hole collar
• dip and azimuth of the hole
• down hole length and
interception depth
• hole length.
• If the exclusion of this information is
justified
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