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Brazilian Rare Earths Limited (ASX:BRE)

ALERT: Price-sensitive ASX Announcement for BRE
Current share price for BRE : $1.690 -1.88 (-52.66%)+
Announcement
Release
30 Sep 2026 9:15AM
Price at Release
$3.570
Full Release
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Summary
Brazilian Rare Earths Limited announced a new high-grade rare earth discovery at Sulista South, about 800 m south of the Sulista East deposit in Bahia, Brazil, where Stage 1 diamond drilling intersected multiple stacked mineralised seams over about 500 m of strike and to roughly 200 m below surface, with true thicknesses of about 4 m to 18 m and grades up to 13.3% TREO, while mineralisation remains open along strike and at depth. The company said the discovery extends the broader Sulista East mineralised footprint by more than 1.5 km to the south and, together with step-out drilling that extended Sulista East by 350 m north and 80 m south, means mineralisation has now been intersected along about 3 km of strike. Infill drilling at Sulista East confirmed continuity, geometry and grade tenor in areas currently classified as Inferred, supporting possible conversion to Indicated in the next Mineral Resource update targeted for the end of calendar year 2026. BRE also noted that more than 4.5 km of the southern exploration corridor remains untested and is being advanced through a drilling program exceeding 10,000 m, while Sulista itself remains outside the published Monte Alto plus Camaçari Scoping Study and may in future provide additional high-grade feed to the planned Camaçari processing hub, subject to further resource definition and technical studies.
Key Points
  • BRE announced a new high-grade rare earth discovery at Sulista South within the Sulista district in Bahia, Brazil.
  • Stage 1 drilling at Sulista South intersected multiple stacked mineralised seams across about 500 m of strike and to around 200 m below surface.
  • Reported Sulista South results included grades up to 13.3% TREO and true thicknesses of about 4 m to 18 m.
  • Key Sulista South intercepts included 9.0 m at 4.6% TREO, 8.0 m at 4.4% TREO, 6.8 m at 4.7% TREO and 5.5 m at 4.3% TREO.
  • The new Sulista South discovery extends the broader Sulista East mineralised footprint by more than 1.5 km to the south.
  • Step-out drilling extended Sulista East mineralisation by about 350 m north and 80 m south beyond the current Mineral Resource footprint.
  • BRE said it has now intersected mineralisation along about 3 km of strike across the Sulista system, with drilling underway on the intervening ground.
  • More than 4.5 km of the southern exploration corridor remains untested by diamond drilling and is being targeted in a program exceeding 10,000 m.
  • Infill drilling at Sulista East improved geological confidence by confirming continuity, geometry and grade distribution in areas currently classed as Inferred.
  • Notable Sulista East infill intersections included 11.2 m at 2.8% TREO, 11.9 m at 2.2% TREO, 22.3 m at 1.5% TREO and 26.7 m at 1.7% TREO.
  • A broader footwall zone at Sulista East remained open at depth, including an intersection of 43.4 m at 1.4% TREO in hole JITDD0075.
  • The current Sulista East Mineral Resource, referenced in the announcement, is 2.1 Mt Indicated at 2.6% TREO and 6.1 Mt Inferred at 2.0% TREO.
  • Since the March 2026 resource cut-off, BRE completed a further 38 holes for about 7,970 m, with many assays still pending and none of these results included in the current Mineral Resource Estimate.
  • BRE is targeting an updated JORC Mineral Resource Estimate for Sulista by the end of 2026.
  • Sulista was excluded from the Monte Alto plus Camaçari Scoping Study, but BRE said it could potentially provide additional high-grade feed to the planned Camaçari processing hub in future.
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.