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Brazilian Rare Earths Limited (ASX:BRE)

ALERT: Price-sensitive ASX Announcement for BRE
Current share price for BRE : $4.730 0.82 (20.97%)+
Announcement
Release
15 Jul 2026 9:00AM
Price at Release
$3.910
Full Release
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Summary
Brazilian Rare Earths Limited (BRE) announced exceptional yttrium-rich heavy rare earth drill results at the Monte Alto District in Bahia, Brazil. The drilling campaign, which included six diamond drill holes totaling 604 meters, confirmed the presence of significant heavy rare earth mineralization, particularly yttrium, dysprosium, and terbium, extending from surface into fresh bedrock. Highlights include a standout result from hole MADD0210, which returned 2.5 meters at 7.5% Total Rare Earth Oxides (TREO) from 6.0 meters, including 1.3 meters at 10.9% TREO with yttrium oxide constituting over 50% of TREO. The Monte Alto District, now formally recognized as a unified exploration and development system, encompasses the flagship Monte Alto Deposit, the Monte Alto HREE+Y Discovery, and the Velhinhas Corridor. The district hosts multiple high-grade exploration corridors and numerous untested targets, which are being actively pursued through ongoing drilling and geophysical surveys.
Key Points
  • Exceptional yttrium-rich heavy rare earth results at Monte Alto District.
  • Six diamond drill holes totaling 604 meters confirmed significant mineralization.
  • MADD0210 highlighted with 2.5 meters at 7.5% TREO, including 10.9% TREO interval.
  • Yttrium oxide represents over 50% of the TREO in peak intervals.
  • Monte Alto District formalization includes Monte Alto Deposit and Velhinhas Corridor.
  • District hosts multiple high-grade corridors and numerous unexplored targets.
  • Ongoing drilling and geophysical surveys are actively pursued.
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.