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Brazilian Rare Earths Limited (ASX:BRE)

ALERT: Price-sensitive ASX Announcement for BRE
Current share price for BRE : $4.000 -0.99 (-19.84%)+
Announcement
Release
5 Jun 2026 6:05PM
Price at Release
$4.990
Full Release
download
Summary
The investor presentation for Alurion Resources Limited, dated 5 June 2026, outlines the details of the Amargosa Bauxite Project in Bahia, Brazil. It highlights the large-scale resource of 568 Mt, including 98 Mt of high-alumina, low-silica Direct Ship Bauxite, with a total alumina content of 41.9%. The project's financial projections include a CAPEX of US$119 million and a post-tax NPV of US$630 million at an 8% discount rate, positioning it as a first-quartile project in terms of costs. The presentation emphasizes the strategic location and low environmental impact, while also addressing the need for federal approvals and environmental permits from the Brazilian National Mining Agency.
Key Points
  • The document is an investor presentation for Alurion Resources Limited dated 5 June 2026.
  • The focus is on the Amargosa Bauxite Project, located in Bahia, Brazil.
  • The project boasts a large-scale resource of 568 Mt with 98 Mt of high-alumina, low-silica Direct Ship Bauxite (DSB).
  • Alurion Resources Limited reports a total available alumina content of 41.9% for DSB.
  • The financials include a construction CAPEX of US$119 million and a projected NPV of US$630 million at an 8% discount rate.
  • Amargosa is positioned as a first-quartile project on the global seaborne bauxite cost curve.
  • The project has a projected average annual production of 5.1 Mt (dry) over a 17-year mine life.
  • Key risks include environmental permitting and obtaining approvals from the Brazilian National Mining Agency.
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.