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BCM’s Ema study gives Brazil rare earths a remarkable economic profile

11:55am on Monday 28th of September, 2026 AEST • Mining
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BCM’s Ema study gives Brazil rare earths a remarkable economic profile

11:55am on Monday 28th of September, 2026 AEST
Key Points
  • US$1.47 billion post-tax NPV and 105% IRR in Ema BFS
  • 58% increase in Indicated Resource to 392Mt at 773ppm TREO
  • 20-year project targeting average annual production of 5,500t TREO
  • A$4.36 million cash at year-end against A$5.54 million operating cash burn
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