BBX Minerals Limited (BBX or the Company) announced a maiden Mineral Resource Estimate (MRE) for the Adelar prospect, forming part of the Company's 100% owned Três Estados project, Apui, Amazonas, Brazil. The MRE contains a total of 590,300 ounces of combined platinum, palladium, iridium, rhodium and gold. The Mineral Resource covers an area of 31 Ha which represents only 8% of the known gabbroic bodies at Tres Estados (Figure 4).

The mineralised zone extends for 800m along strike with a true thickness of 2m to 50m, averaging 15m and dipping 15-20° to the west-north-west. It remains open at depth and to the east and west. The Mineral Resource is located relatively close to surface and would be mined in an open pit.

It is limited to a depth of 100m below surface based on the depth of the deepest mineralised intersection. The presence of rhodium and iridium contribute significantly to the average weighted price per ounce of the Adelar prospect 5E PGM. The next resource upgrade will target the addition of other prospects within the Tres Estados project.

Zone: Oxide, Tonnes Mt: 4.54, Class: Inferred, Pt g/t: 0.880, Rhg/t: 0.017, Pd g/t: 0.016, Au g/t: 0.017, Ir g/t: 0.135, 5E PGM g/t: 1.065, 5E PGM koz: 155.0. Zone: Fresh, Tonnes Mt: 11.17, Class: Inferred, Pt g/t: 0.970, Rhg/t: 0.017, Pd g/t: 0.012, Au g/t: 0.043, Ir g/t: 0.174, 5E PGM g/t: 1.216, 5E PGM koz: 435.5.