Brazilian Rare Earths updates Monte Alto resource estimate

Brazilian Rare Earths (ASX:BRE) has updated the resource estimate for its Monte Alto deposit, resulting in a material increase in the indicated portion of its ultra-high-grade resource. The update follows a drilling campaign that showed mineralization remains open in all directions.

The shift in the resource classification toward the indicated category provides higher geological confidence, which is essential for mine planning and feasibility studies. The company is currently conducting further drilling and expects to complete a concentrate sales study by the end of the year to determine the project's path toward becoming a saleable product.