Brazilian Rare Earths June 2025 Quarterly Report

Core Insights - Brazilian Rare Earths Limited (BRE) has made significant progress in its rare earth elements and critical minerals projects, transitioning from exploration to development with key milestones achieved during the quarter ended June 30, 2025 [1] Group 1: Project Developments - Sulista West has been confirmed as an ultra high-grade project, with diamond drilling returning impressive grades of up to 21% Total Rare Earth Oxides (TREO) and high concentrations of Neodymium-Praseodymium (NdPr) and other valuable minerals [5] - The exploration results at Sulista West indicate the potential for numerous ultra-high-grade rare earth deposits in the Rocha da Rocha Province [5] - The Amargosa Bauxite-Gallium Project has revealed high-grade bauxite intervals and a new gallium discovery, positioning it among the highest-grade undeveloped gallium prospects globally [5] Group 2: Strategic Partnerships and Funding - BRE has secured a strategic partnership with SENAI CIMATEC to develop a laboratory and pilot plant facility in Bahia, Brazil, with funding of approximately R$8.2 million (~A$2.3 million) [5] - The company is included in a BRL 5 billion Strategic Minerals Funding Program initiated by the Brazilian Financial Agency for Studies and Projects (Finep) and the National Bank for Economic and Social Development (BNDES) [9] - A cooperation agreement for the MagBras Project has been signed, aimed at establishing a domestic mine-to-magnet rare earths supply chain in Brazil, involving major industry participants [9] Group 3: Financial Position - As of June 30, 2025, BRE held A$67.3 million in cash, ensuring adequate funding for planned exploration and feasibility work programs through 2026 [9]