Brazilian Rare Earths Scoping Study Results

SYDNEY, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (ASX: BRE / OTCQX: BRELY) ('BRE') is pleased to report the exceptional results of the Monte Alto + Camacerai scoping study.

HIGHLIGHTS

• World-leading rare earth grade advantage: Monte Alto is endowed with a Mineral Resource Estimate grade of approximately 11.3% TREO, more than 2x the reported resource grades of the two established large-scale Western rare earth producers, giving BRE a structural advantage across mining intensity, processing scale, capital efficiency and unit operating costs.¹
• Simple, two-product rare earth suite: Initial development is centred on a simplified product pathway of separated NdPr oxide and a mixed HRE+ concentrate containing dysprosium, terbium, gadolinium, samarium and yttrium.
• Globally significant magnet rare earth production: Monte Alto is forecast to deliver average annual production of approximately 6,351 tpa NdPr oxide and 2,502 tpa HRE+ concentrate over its first five years of run-rate production, supplying critical inputs for high-performance permanent magnets, robotics, defence systems, electric mobility, aerospace and advanced manufacturing.²
• Major new global source of heavy rare earths: Monte Alto’s HRE+ concentrate is forecast to contain approximately 274 tpa DyTb, 360 tpa gadolinium and 1,060 tpa yttrium over its first five run-rate years, representing multiples of many Western producer volumes and positioning BRE as a potential leading global source of supply-constrained heavy rare earth feedstock.
• Strategic uranium and critical mineral co-product revenue excluded from study economics: Monte Alto is forecast to produce approximately 466 tpa U₃O₈ on a LOM average basis, providing a strategic global scale nuclear fuel co-product and future value pathway. Uranium revenue has not been included in the Monte Alto economics and will be evaluated in future studies alongside scandium, niobium and tantalum.
• Low-capex mine development: Monte Alto is designed as a compact, simple mine-site operation using conventional mining, crushing, screening and sensor-based ore sorting, with no chemical processing at the mine site, quarry-scale initial throughput and upgraded high-grade feed transported to Camaçari for downstream processing.
• Strategically located refinery: High-grade feed from Monte Alto is planned to be processed at a refinery at the Camaçari Petrochemical Complex, leveraging established industrial infrastructure, utilities, chemical feedstock supply chains, logistics, skilled labour and an existing industrial regulatory setting.
• Low-temperature, high-yield integrated process flowsheet: The process flowsheet combines high-recovery beneficiation with low-temperature hydrometallurgy and rare earth separation engineering, reducing costs and supporting strong mine-to-product recoveries.
• First-quartile global cost position: Monte Alto’s ultra-high grade, simple ore sorting, high yields, efficient logistics to Camaçari, established industrial infrastructure and low-temperature hydrometallurgical route position the project in the first quartile of Benchmark Mineral Intelligence’s global rare earth cost curve at approximately US$21/kg NdPr equivalent.
• Exceptional Scoping Study economics: Under Argus long-term EU/US price forecasts, Monte Alto is forecast to deliver after-tax NPV8 of approximately US$6 billion, after-tax IRR of approximately 90%, payback of approximately 1.1 years, average annual Operating FCF of approximately US$1.2 billion and an NPV/capex ratio of approximately 6.2x.
• Carester technical partnership and European HRE+ offtake: BRE’s partnership with Carester strengthens downstream separation execution, supports process design, equipment selection, commissioning and ramp-up planning, and provides a binding 10-year European offtake pathway for BRE’s heavy rare earth product, linking the Project to Western supply chains.
• Province-scale exploration growth platform: Monte Alto remains open along strike and at depth, with recently announced drilling completed after the 22 February 2026 Mineral Resource cut-off date already returning significant additional high-grade mineralisation. There is significant exploration prospectivity across Sulista, Pelé and the large-scale Rocha da Rocha province.

A link to the full scoping study document can be found here.
A link to the scoping study presentation can be found here.

APPENDIX: KEY SCOPING STUDY RESULTS

Contacts

Bernardo Da Veiga
Managing Director and CEO

investors@brazilianrareearths.com
www.brazilianrareearths.com

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_{¹ Monte Alto’s 3.40 Mt primary and residual Mineral Resource grading 11.3% TREO comprises 2.51 Mt of Indicated Mineral Resources grading 12.7% TREO and 0.89 Mt of Inferred Mineral Resources grading 7.1% TREO.
² HRE+ concentrate production figure represents contained rare earth oxide volumes.}