Sulista Rare Earth District Grows to 17 km Strike

Core Insights - Brazilian Rare Earths Limited (BRE) has announced significant exploration results at the Sulista Project, expanding the mineralised footprint and establishing Sulista East as a key deposit in a growing rare earth district [1][8] Exploration Results - The latest exploration campaign has extended the Sulista target exploration strike to over 17 kilometers, with Sulista East defined over more than 1,000 meters of drill-tested strike and depths exceeding 230 meters [5][8] - Step-out drilling has revealed multiple broad parallel mineralised zones with cumulative true thicknesses exceeding 40 meters, including grades of up to 11.8% Total Rare Earth Oxides (TREO) [5][11] - Significant shallow rare earth mineralisation results include 10.4 meters at 5.5% TREO, 14.0 meters at 4.2% TREO, and 24.0 meters at 3.7% TREO from various drill holes [5][11] New Discoveries - Sulista South has emerged as a major extension to the Sulista East trend, supported by large-scale magnetic anomalies and a new diamond drilling program exceeding 10,000 meters [5][11] - Drilling at Outcrop Ridge has confirmed a second high-grade center, with mineralisation extending from surface outcrops into bedrock, including ultra-high-grade results of up to 16.7% TREO [5][11] Growth Corridors - Sulista North has expanded the district footprint by over 7 kilometers, indicating a new regional growth corridor with ultra-high-grade surface mineralisation [11] - Pathfinder auger drilling in Sulista North has intersected high-grade REE-Nb-Sc-Ta-U mineralisation, reinforcing the potential for a high-grade bedrock source [11] Strategic Development - The results support BRE's near-term scoping study and hub-and-spoke development strategy across the Rocha da Rocha Province, indicating a scalable and repeatable mineral system [12]