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Brazilian Rare Earths (ASX: BRE) – BRE Announces New Rare Earth Discovery – the Pelé Project

Brazilian Rare Earths Limited (ASX: BRE) 2 mins read

São Paulo, Brazil – Brazilian Rare Earths Limited (ASX: BRE), a pioneering force in the rare earth exploration sector, is thrilled to announce the discovery of a groundbreaking rare earth exploration project. Named the ‘Pelé Project,’ this new venture is situated approximately 60 kilometers southwest of Monte Alto, within the heart of the Rocha da Rocha Rare Earth Province in Bahia, Brazil.

The Pelé Project emerges as a beacon of potential in the rare earth sector, boasting prospects for ultra-high grade REE-Nb-Sc (Rare Earth Elements-Niobium-Scandium) mineralization. This discovery is set within an exploration target area that is more than 30 times larger than the already world-renowned Monte Alto Project, marking a significant expansion in Brazilian Rare Earths Limited’s exploration capabilities.

Utilizing the same successful exploration pathfinders that led to the delineation of the Monte Alto Project, the Pelé Project has been identified through intense geophysical anomalies, confirmed hard rock REE outcrops, and high-grade monazite sands at the surface. This methodological approach underscores the company’s commitment to innovative and efficient exploration techniques.

A highlight of the initial ground reconnaissance at Pelé Target 1 is the discovery of the largest continuous hard rock monazite outcrop encountered since the commencement of exploration activities within the province. This outcrop extends over a strike of approximately 30 meters (open) and is part of a larger 1 kilometer NNE potential outcrop trendline. Remarkably, this large-scale monazite outcrop has recorded gamma readings comparable to the ultra-high grade REE-Nb-Sc mineralization found at Monte Alto, which has previously returned exceptional grades.

Further bolstering the project’s potential, high-grade monazite sand intercepts of up to 11.5% TREO have been reported from the first batch of re-assays from Rio Tinto drill holes across the Pelé exploration target. With assays pending for 220 high-priority drill holes covering Pelé’s intense geophysical anomalies, anticipation is building for what these results might reveal about the extent of mineralization.

In preparation for a maiden diamond drilling program, comprehensive gamma line surveys will be expedited over the highly prospective 15km exploration corridors on Pelé Targets 1-4. This strategic move is aimed at further delineating the project’s potential and advancing towards detailed exploration and eventual development.

Brazilian Rare Earths Limited’s strategic acquisition of exploration landholdings, including the Pelé Project, underscores the company’s vision to dominate the rare earth exploration sector by securing control of the Volta do Rio Plutonic Suite mineralised trendline. This trendline, stretching over 160km, is hosted within the Archean age Jequie Complex and forms the prime exploration target zone for ultra-high grade REE-Nb-Sc mineralisation.

Brazilian Rare Earths’ CEO and MD, Bernardo da Veiga, commented: 

“Less than two years after the discovery of the Monte Alto project we are pleased to announce our fourth greenfield rare earth project at this world-class rare earth province.

The Pelé Project is district-scale rare earth project with an exploration target area that is over 30 times larger than the Monte Alto Project. The scale of the exploration opportunity is exceptional and the recent discovery of a massive monazite mineralised outcrop at Pelé Target 1 indicates the potential for a major rare earth endowment.

With the proven Monte Alto exploration pathfinders already at hand at Pelé, and the extensive assay results from the Rio Tinto dataset now imminent, we now intend to accelerate plans for a maiden diamond drilling program at Pelé.”


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

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