-- Brazilian Critical Minerals (ASX:BCM) said its updated mineral resource estimate for its Ema project in Brazil now stands at 1.07 billion tonnes at 732 parts per million (ppm) total rare earth oxide (TREO) at a cut-off of 500 ppm, according to a Wednesday Australian bourse filing.
The company said the indicated neodymium-praseodymium grade increased 5% to 184 parts per million, while the indicated dysprosium-terbium grade increased 6%.
The bankable feasibility study is now about 80% complete, with delivery targeted in the second quarter of the year, the filing added.
The company's shares rose 6% in recent Wednesday trade.