Price Target Changed • Jul 25
Price target decreased by 10% to AU$6.50 Down from AU$7.23, the current price target is an average from 2 analysts. New target price is 72% above last closing price of AU$3.78. Stock is up 56% over the past year. The company is forecast to post a net loss per share of AU$0.14 next year compared to a net loss per share of AU$0.17 last year. Announcement • Jul 15
Brazilian Rare Earths Reports Exceptional Yttrium-Rich Heavy Rare Earth Drill Results At Monte Alto District Brazilian Rare Earths Limited reported results from six diamond drill holes totalling 604 m at the Monte Alto HREE+Y Discovery, approximately 2.5 km south of the flagship Monte Alto Deposit in Bahia, Brazil. The drilling confirms that the high-grade heavy rare earths – including yttrium, dysprosium, terbium – and uranium mineralisation previously identified at surface continues through the weathered profile and into fresh bedrock. MADD0210 returned 2.5 m at 7.5% TREO from 6.0 m, including 1.3 m at 10.9% TREO from 7.2 m, with 58,249 ppm (5.8%) Y2O3, 4,135 ppm Dy2O3, 488 ppm Tb4O7 and 1,588 ppm U3O8. Auger hole STU2478, located ~200 m southwest of the initial diamond drilling, returned 12 m at 8.7% TREO from 18 m to end of hole, including 1,004 ppm DyTb and 0.44% Y2O3. The interval remains open at depth. Yttrium represents over 50% of TREO in the peak interval - equivalent to approximately 58 kg of Y2O3 per tonne of sampled mineralised rock. Across every significant bedrock interval reported, yttrium represents approximately 48-53% of TREO. Four of the first six diamond holes returned significant heavy rare earth mineralisation, materially strengthening the 2024 surface discovery that returned 14.6% TREO, including 7.45% Y2O3 and 6,428 ppm DyTb. Brazilian Rare Earths will now report the flagship Monte Alto Deposit, the Monte Alto HREE+Y Discovery, the Velhinhas Corridor and associated regional exploration corridors within one unified Monte Alto District exploration and development framework. High-resolution geophysics has mapped multiple prospective corridors and numerous untested radiometric/magnetic exploration targets. Follow-up diamond and auger drilling is underway, including the +5,000 m second-phase program at Velhinhas. Syn-tectonic, biotite-rich hydrothermal breccia vein (black) with visually interpreted xenotime ± monazite ± apatite mineralisation, containing clasts of granite gneiss host rock with potassic alteration (pink). MADD0207 34.6 m-35.5 m at 7.4% TREO, including: 3,417 ppm Nd2O3, 1,035 ppm Pr6O11, 3,098 ppm Dy2O3, 354 ppm Tb4O7. 3.9% (38,715 ppm) Y2O3 and 1,119 ppm U3O8. Announcement • Jun 13
Velhinhas Airborne Geophysics and Drilling Unlocks +9 km Rare Earth Corridor Brazilian Rare Earths Limited announced results from a high-resolution airborne geophysical survey and reconnaissance diamond drilling at the Velhinhas Corridor, located immediately south of the ultra-high-grade Monte Alto Rare Earths Deposit in Bahia, Brazil. The new airborne magnetic and radiometric survey defines more than 9 km of cumulative rare earth target exploration trends across at least four parallel north-northeast trending zones. These exploration target trends are spatially associated with ultra-high-grade surface samples, shallow pathfinder mineralisation and diamond drill intercepts, providing a district-scale framework for systematic exploration across Velhinhas. Key Highlights: New District-Scale Growth Corridor: High-resolution airborne geophysics has defined more than 9 km of cumulative exploration corridor trends across the Velhinhas project, beginning ~5 km south of the ultra-high-grade Monte Alto Deposit and extending rare earth mineralisation to over 8 km south of Monte Alto; Multiple Parallel Exploration Trends: Survey confirms four north-northeast trending mineralised corridors, converting numerous ultra-high-grade surface results into a district-scale exploration model analogous with Sulista; Exceptional Surface Grades: Ultra-high-grade surface samples include 39.6% TREO, 20.9% TREO and 13.5% TREO, confirming a strong high-grade surface expression of an extensive mineralised system; Drilling Results Confirm High-Grade Mineralisation: Reconnaissance diamond drilling returned grades of 19.6% TREO, 33,607 ppm NdPr, 1,463 ppm Dy2O3, 248 ppm Tb4O7, 7,431 ppm Y2O3 and 1,087 ppm U3O8; Critical Mineral Grades: High-grade assays are accompanied by NdPr, DyTb, yttrium, niobium, scandium, tantalum and uranium, consistent with BRE’s high-value REE-Nb-Sc-Ta-U systems at Monte Alto and Sulista; Monte Alto District Growth Accelerates: Velhinhas expands the Monte Alto growth story, highlighting the potential for a district-scale rare mineralised system extending south from the ultra-high-grade Monte Alto Deposit; Follow-up Drilling Underway: BRE has mobilised an additional diamond drill rig and is advancing a +5,000 m drilling campaign to test priority geophysical anomalies, expand bedrock mineralisation and support future target definition. 
