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Brazilian Rare Earths Limited (ASX:BRE)

ALERT: Price-sensitive ASX Announcement for BRE
Current share price for BRE : $3.480 -1.25 (-26.43%)+
Announcement
Release
18 Aug 2026 9:36AM
Price at Release
$4.730
Full Release
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Summary
The document discusses the Scoping Study update for Brazilian Rare Earths Limited (BRE), focusing on the Monte Alto and Camaçari projects. The study outlines the potential for Monte Alto to become a significant, low-cost producer of rare earths and critical minerals, leveraging ultra-high-grade resources and efficient logistics. The integrated approach with Camaçari involves a hub-and-spoke model to streamline processing and minimize environmental impact. The study forecasts robust economic returns, with an after-tax NPV of approximately $6 billion, a 90% IRR, and a payback period of around 1.1 years. The production target includes a significant portion of Indicated Mineral Resources, and the project is well-positioned for future growth in resource estimates by year-end 2026. The Scoping Study represents a preliminary technical and economic assessment, setting the stage for more definitive feasibility studies.
Key Points
  • Monte Alto project targets ultra-high-grade rare earth resources.
  • Camaçari refinery hub centralizes processing to minimize environmental impact.
  • Scoping Study forecasts $6 billion after-tax NPV and 90% IRR.
  • Production target includes 75% Indicated and 25% Inferred Mineral Resources.
  • Project aims for first production by 2031, subject to approvals and financing.
  • Monte Alto's development pathway designed to support streamlined approvals.
  • Potential partnerships for equity investment and funding are under discussion.
  • No revenue included from potential uranium and other co-products.
  • Scoping Study sets foundation for future feasibility studies.
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.