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De-risking at the Ema Project is next up for ASX-listed smallcap Brazilian Critical Minerals (ASX:BCM), with the explorer teeing up a bankable feasibility study and several offtake deals as it works through Brazil’s permitting process.
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BCM is looking towards next steps after delivering high in-situ recovery rare earth leaching grades above 3,000 parts per million through field trials.
Final laboratory results confirmed “high-tenor grades” across all Ema’s holes where pregnant liquor solution was extracted. Notably, the company flagged, TREO grades had an “exceptional” concentration of MREO – August’s results came out at around 40% average across the leaching numbers.
These unusually high magnet elements meant BCM could rank extremely high-grade MREO values (some exceeded 1,000ppm), especially when coupled with strong leaching efficiency and strong concentrations.
“These latest rare earth results are quite extraordinary,” BCM’s managing director, Andrew Reid, said. “The close similarities in the way that the mineralisation in the field behaves compared to lab test results is remarkable.”
“BCM has conclusively demonstrated the ability to leach high-tenor rare earth elements directly from the ground through simplistic techniques,” he declared.
“The grades achieved and the timelines for the leaching mirror very closely column tests completed by ANSTO [in March 2025] and tests… in Brazil.”
And so, BCM has started work on its de-risking processes at the Ema site, completing the bankable feasibility study, solidifying offtake deals, and working with Brazilian regulators regarding mine and environmental permits.
The company will also be running similar leaching on three other holes at Ema, including H1-F8, F1-F7, and H1-F6, all of which were recently drilled.
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“None of the above would be possible,” Mr Reid added today, “without the dedicated team in the field over the last few months proving the economically leaching rare earths via cheap ISR is a mission possible.”
BCM has roared to life at open, adding +15.7% in Monday’s first hour.
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