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BBX Minerals Limited ( (AU:BCM) ) has provided an update.
Brazilian Critical Minerals reported further strong auger drilling results from its Ema rare earth project, with 49 of 101 planned holes returning thick mineralised intercepts and high total rare earth oxide grades, particularly in magnetic and heavy rare earths. The mineralised footprint now extends over about 82 square kilometres, reinforcing the project’s scalability and supporting an upcoming mineral resource estimate update and a bankable feasibility study targeting completion in the June 2026 quarter.
The company said the results confirm consistent grades, thickness and lateral continuity ideal for in-situ leach extraction, improving confidence in long-term, low-cost production potential. Regulatory processes also advanced, with trial mining licence applications under review by Brazil’s mining agency and environmental permitting progressing, while the company ended March with A$5.5 million in cash to fund ongoing workstreams.
More about BBX Minerals Limited
Brazilian Critical Minerals Limited is an Australian-listed explorer focused on rare earth elements in the Apuí region of Brazil. The company is advancing the Ema rare earth project, targeting in-situ recovery (ISR) of magnetic and heavy rare earths across a large weathered profile, with a market focus on supplying critical minerals for global clean energy and high-tech industries.
Average Trading Volume: 6,537,561
Technical Sentiment Signal: Hold
Current Market Cap: A$62.72M
For an in-depth examination of BCM stock, go to TipRanks’ Overview page.