Brazilian Critical Minerals (BCM) H1 2025 earnings summary

Executive summary

• Advanced infill drilling at the Ema project confirmed consistent high-grade rare earth mineralisation, supporting resource model reliability and economic potential for in-situ recovery methods.

• Scoping study for Ema project completed post-period, with high recovery rates and low impurity levels in metallurgical test work, positioning the project competitively.

• Signed MoU with Brazil's first permanent magnet facility, aiming to develop rare earth magnet manufacturing and strengthen downstream integration.

Financial highlights

• Net loss for the half-year ended 31 December 2024 was $2,932,430, an improvement from the restated loss of $3,886,210 for the same period last year.

• Revenue remained minimal at $5,864, with operating expenses primarily driven by exploration, corporate, and administrative costs.

• Cash and cash equivalents at period end were $1,675,521, down from $2,066,508 at 30 June 2024.

• Raised $2,122,192 through share issues during the half-year.

Outlook and guidance

• Field trials and feasibility studies for in-situ recovery (ISR) mining at Ema are scheduled for 2025, aiming to de-risk and advance the project toward production.

• Ongoing environmental baseline assessments and stakeholder engagement to support permitting and community relations.