Nick Smart

Pedra Branca, uh, we're northeast Brazil, 2.2 million oz, 1.08, uh, 2 PGE plus gold.

So, 2.2 million ounces, 1.08 grams per ton. Uh, mixed PGE, so primarily palladium

We've got an excellent asset at Pedra Brona. Uh 2.2 million ounces of palladium and platinum.

in 2022, we published uh an updated uh inferred resource statement.

We acquired it at a million ounces. It is now at 2.2 2 million ounces.

there's definitely uh and and part of our part of our work program here is is expansionary

20,000 mters of drilling since we since we acquired the property.

We've got 50,000 hectares. Uh, this is mineralization that runs on an 80 km trend.

at Pedro Bronco, we've got mineralization that goes right up to surface uh which is you know it's a it's it's a huge advantage.

Our ore body, um, one of the things to like about it is the fact that it is a near surface ore body.

Uh, mixed PGE, so primarily palladium, 60% palladium, about 40% platinum. Um, and and it's a big land package

It's big. Uh it's near surface. It's in a mining friendly jurisdiction in Brazil.

Pedra Branca, uh, we're northeast Brazil, 2.2 million oz, 1.08, uh, 2 PGE plus gold.

So, 2.2 million ounces, 1.08 grams per ton. Uh, mixed PGE, so primarily palladium

we've doubled the size of the resource there. Uh invested over over $10 million in in drilling.

we're looking to push it forward as fast as we can within this year.

So a big part of what we what we uh announced uh earlier this year uh was the step up in the testing

putting in place that that structure working with UCT and bringing on this uh this engineering firm that I mentioned like a podium uh has really put us on the on the path to be able to prove their economics and publish that study for the end of the year.

going aggressive going ambitious 2026 sounds like could be a pivotal year for the business

Since we acquired the asset in 2019, we've doubled the size of the resource there.

publishing a preliminary economic assessment which is our big target for the year.

we've stated our our intention and ambition to publish a preliminary economic assessment for the end of this year

we're looking to publish for the end of the year.

Um we're aiming at uh publishing our our pea uh during the course of of Q4 next year.

We're developing a PGE project, a platinum palladium project called Pedra Branca in Brazil, Matt.

we're developing a platinum palladium project in Brazil called Pedra Brona

We're developing a project in Brazil called Pedro Brona is palladium and platinum project

we have a project in CR Brazil, platinum palladium uh project.

our project in Brazil focused on platinum group element metals, platinum and palladium.

Pedra Branca, uh, we're northeast Brazil, 2.2 million oz, 1.08, uh, 2 PGE plus gold.

So in Sierra um and and the location of our Pedra Brona project, we're about 4 hours from the state capital of Fortza

we're located in northeastern Brazil uh in the state of Sierra. We're about 4 hours from uh Deep Water Port. It's the state capital of Fort Allesa.

out at our project site up in up in Sierra um time in with the uh you know with the community

we're located in the state of Sierra, which is in northeastern Brazil.

we've got a really supportive local uh local community want to see this this going forward.

preparing all the groundwork for the licensing um you know with the PA in hand that's the the basis of our application to the to the to the to the mining indust uh governing bodies there in in in Brazil

By background, I'm a chemical engineer, uh, specialist in extractive metallurgy. Um, I've I've worked, uh, 21 years in in in Anglo American, uh, you know, one of the world's largest, uh, producers, uh, of platinum palladium.

I I spent about six years in Brazil um building a a mine called Baro Alto for Anglo-American group. It was a nickel focused uh uh mine uh in Goyas state

In my experience with uh with majors uh like Anglo-American and Debeers, I've built and operated mines and processing plants around the world, including in Brazil.

done that for uh 21 years um around the uh around the globe. um built mines in Namibia. Um spent about six years in Brazil. Um and uh and then a number of years in diamonds. Uh so working for Debeers.

my name is Nick Smart. I'm the CEO of Valor. Uh I am a chemical engineer by training. Uh I studied in uh in South Africa, University of Cape Town and uh spent a number of years working for Anglo-American uh building mines for them around the world. I was involved in uh building mines in South Africa uh and in Namibia. I spent a significant amount of my career uh in Brazil. I spent about six years in Brazil developing the Baro Alto nickel project for Anglo-American there. Uh and then a number of years in in diamonds working for for for Debeers.

since October have been uh been leading leading the company.

Valor in terms of history, you know, we've previously held uranium assets. Um, I think, uh, we've not cleared that up, uh, you know, with our our recently announced sale of the Hatchet uranium properties, uh, through to to Future Fuels.

got to meet Jim Peterson who's our our chairman, Thiago Janice, our VP of exploration based in Brazil.

one of the opportunities that came up through that that minological assessment is the potential of using biolleaching on the weathered or body

at Pedro Bronco, we've got mineralization that goes right up to surface uh which is you know it's a it's it's a huge advantage. We're we're looking at at opencast mining

We're very comfortable with with the resource that we've that we've got there. Now, uh we've done a big sampling campaign and are in the process of doing the metological test work at the moment. Um about to go into the next phase of larger scale methological test work on that with the aim of proving out the economics of the of the of the project.

Um, you know, platinum palladium, uh, is is generally, um, relatively challenging metallurgy.

traditional processing route for PGEs. So >> which is >> which is flotation. That's your first step

Valor was busy doing uh uh the the test work the metological test work uh which is one of the principal steps uh in the preliminary economic assessment

our full aim is to be a lowcost producer in that in that space which is really the major protection

looking hard uh at other precious metals producers uh in the in the region at the moment. uh hope to have some exciting announcements around that uh during the early course of of of next year.

Valor today is sitting around 26 million dollars.