BBX Minerals Releases maiden MRE for the Adelar, Brazil
- BBX Minerals (BBX) releases its maiden mineral resource estimate (MRE) for the Adelar prospect in the Três Estados project in Brazil
- The inferred MRE is 15.71 million tonnes at 1.2 g/t platinum, palladium, iridium, rhodium and gold (5E PGM) for 590,300 ounces
- The MRE reportedly covers just eight per cent of the entire Três Estados anomaly, which the company says translates into a “huge potential upside”
- The next MRE will aim to add in other prospects within the project
- Shares in BBX are up 6.9 per cent to trade at 6.2 cents at 2:35 pm AEDT
