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Brazilian Critical Minerals Limited (ASX:BCM)

ALERT: Price-sensitive ASX Announcement for BCM
Current share price for BCM : $0.054 0.016 (42.11%)+
Announcement
Release
5 Jun 2026 8:17AM
Price at Release
$0.038
Full Release
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Summary
Brazilian Critical Minerals Limited (BCM) has reported strong results from its magnesium sulphate leach tests conducted on samples from the Ema Ionic Clay Rare Earth Project in Brazil. These tests are part of their 2025 drilling campaign and confirm significant rare earth element enrichment, particularly in the lower saprolite horizon. Results showed an average recovery of 48% total rare earth oxides (TREO) and 62% magnet rare earth oxides (MREO) across 262 samples from 56 drill holes. The company is advancing towards a bankable feasibility study due in June 2026, driven by these findings which confirm the project's potential for low-cost in-situ recovery (ISR) development. Ema is now positioned as a major ionic clay rare earth development outside China, benefitting from high proportions of magnetic rare earths under mild leaching conditions.
Key Points
  • Strong magnesium sulphate leach results from 2025 drilling campaign.
  • Average recovery of 48% TREO and 62% MREO.
  • Project has 20-year mine life potential.
  • Comparable to ionic clay deposits in southern China.
  • Feasibility study targeting completion in June 2026.
  • Continuous high-grade zones across project area.
  • Significant economic potential in lower saprolite zones.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.