Brazilian Rare Earths (ASX:BRE) has delivered a maiden resource estimate for the Amargosa Bauxite-Gallium Project in Bahia, Brazil, totalling 568 million tonnes.
The 568 million tonnes of total available alumina (TAA) resource contains 98 million tonnes of direct-ship bauxite @ 41.9% TAA and 191 million tonnes of processed bauxite @ 40.8% TAA, as well as 27.09 million kgs of contained gallium @ 47.7 parts per million.
Brazilian Rare Earths, which has a market capitalisation of $1 billion, says the resource confirms a “large-scale” bauxite province that includes a high-grade direct-ship bauxite product aligned with the metallurgical-grade Guinean bauxite benchmark.
The company notes the gallium resource positions Amargosa for emerging strategic supply chains essential for semiconductors, high-performance permanent magnets and defence applications.
CEO Bernardo da Velga says the maiden resource defines a “large-scale, high-quality” bauxite province with premium alumina grades and low reactive silica.
“With direct highway access to bulk-export logistics in a tier one jurisdiction, we see a clear path to an early, capital-efficient direct-ship bauxite operation with the potential to scale to higher production via a large-scale processed bauxite opportunity,” da Velga says.
“A near-term Scoping Study will map these exceptional development pathways and support long-term value creation options for Amargosa.”
The Scoping Study is scheduled for the end of 2025.
The Armagosa Bauxite-Gallium Project is an advanced exploration-stage asset.
Brazilian Rare Earths owns and operates a district-scale tier one rare earths province in nroth-eastern Brazil.
Write to Aaliyah Rogan at Mining.com.au
Images: Brazilian Rare Earths
