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- Ema is among the world’s largest ionic clay deposits/
- The only known ISR-ready rare earth project in the Western world
- High-confidence resource expansion with near-term development pathway.
Perth-based Brazilian Critical Minerals (ASX: BCM) has taken another major step along the path to near-term development in South America, with a significant jump in indicated resource numbers at its Ema project in Brazil.
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The Brazil-facing company told shareholders it has significantly de-risked future development at Ema with the 58% increase in indicated resource to 392 million tonnes at 773 parts per million total rare earth oxide.
BCM’s managing director, Andrew Reid, said Ema is now established as one of the largest ionic clay adsorption rare earth deposits globally and the only known in-situ recovery-ready rare earth project in the Western world.
“This resource upgrade marks a pivotal step in establishing Ema as a globally significant rare earth project. With over one billion tonnes defined and a substantial increase in high-confidence indicated material, we are rapidly de-risking the project while maintaining strong exposure to high-value magnet rare earths,” he said.
“Importantly, Ema’s scale and near-surface geometry, combined with its suitability for in-situ recovery, position it as a potential low-cost, long-life supplier at a time when secure, western rare earth supply has never been more critical.
“As we move toward completion of our bankable feasibility study, we believe Ema is emerging as one of the most compelling development assets in the sector.”
Ema is located in the state of Amazonas in Brazil, with the discovery of rare earths announced in May CY23 and the maiden resource estimate reported in April CY24.
The increased proportion of indicated material in the MRE improves project certainty and enhances confidence in early-stage study outcomes and supports progression toward reserve definition. It also supports more disciplined engineering, mine planning and cost forecasting as the project advances.
The Perth-based company is currently working on completing its BFS, securing offtake agreements and permits in advance of project development.
BCM is steady at 3.2¢. Mkt cap $62.71M.
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