{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Bravo Mining (TSXV:BRVO) - Accelerating to PGM Production in Brazil","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/00495cc4\"></iframe>","width":"100%","height":180,"duration":1055,"description":"Interview with Luis Azevedo, Chairman & CEO of Bravo Mining Corp.Our previous interview: https://www.cruxinvestor.com/posts/bravo-mining-tsxvbrvo-strategy-successes-in-unlocking-value-in-brazils-luanga-project-3695Recording date: 21st November 2023Rapid Progress Positions Bravo Mining to Capitalize on Impending PGM Supply CrunchBravo Mining has rapidly advanced its Tier One Luanga PGM project in Brazil since the company's IPO 15 months ago. Located in mining-friendly Brazil, the project stands to benefit from low energy and operating costs. The company discovered high-grade nickel mineralization on the property and is focused on scale, low costs, and optionality.In the 15 months since going public, Bravo increased its mineral resource estimate from 5.5M oz to over 10M oz PGM. This came from an aggressive 45,000-meter drill program that expanded the deposit at depth. The project requires only a $4M grid power connection to meet needs, with electricity at $0.025 per kWh. Extensive metallurgical test work has de-risked potential recoveries. The existing open pit project shows potential for low-cost production at scale.Timing is KeyPGM supply is concentrated in South Africa and Russia. Aging South African mines are closing rapidly as the country faces power constraints. Meanwhile, auto demand is only transitioning slowly from internal combustion engines to EVs.Azevedo sees the impending supply declines supporting prices: \"The price cannot support this situation today.\" With hybrid vehicle growth still requiring substantial PGMs, Bravo is working to capitalize on this pending supply crunch. By targeting 2025 production, it aims to hit the market ahead of peak mine closures.Additional UpsideBeyond its 10M oz PGM deposit, Bravo discovered high-grade nickel mineralization on the property. Surface trenching also revealed potential low cost gold production from oxidized material. The asset offers commodity leverage and production upside.Proven Mine BuildersAzevedo notes...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}