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Brazilian Rare Earths Limited (ASX:BRE)

ALERT: Price-sensitive ASX Announcement for BRE
Current share price for BRE : $4.730 0.98 (26.13%)+
Announcement
Release
23 Jul 2026 9:51AM
Price at Release
$3.750
Full Release
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Summary
The June 2026 Quarterly Report and Appendix 5B for Brazilian Rare Earths Limited highlights significant mineralized intersections in the Velhinhas Corridor, suggesting substantial district-scale potential due to defined exploration trends and high-grade surface samples. The report notes ongoing successful exploration extending from the Monte Alto District and emphasizes the importance of the yttrium-rich heavy rare earth mineralization in the region. Financially, the company reports negative cash flow from operations, although investing activities are positive, with no dividends paid. Updates on exploration permits indicate continued expansion efforts.
Key Points
  • Significant new mineralised intersections found in the Velhinhas Corridor, indicating district-scale potential.
  • Airborne surveys defined over 9 km of rare earth exploration trends with high-grade surface samples.
  • Velhinhas project supports a coherent district-scale exploration framework extending from Monte Alto.
  • The Monte Alto district is a significant source of yttrium-rich heavy rare earths.
  • Cash flow statements indicate negative cash from operating activities but positive from investing.
  • No dividends were paid, and financing activities resulted in a net cash outflow.
  • Exploration permits updated with new acquisitions, showing ongoing interest in expanding resource areas.
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.