BBX Minerals Limited reported assay results for RC drill holes TERC 012 and TERC 013 from its 2017 drilling programme at the Três Estados project. Assays were conducted for gold, platinum, palladium, iridium and rhodium. Consistent zones of platinum and iridium mineralisation were intersected in both holes from surface to end of hole within both weathered and fresh gabbro, extending the known mineralisation style encountered at Adelar to the Cupuaçu target, approximately 4 km to the northeast.

Cupuaçu is a separate mafic intrusive body measuring approximately 3.3 km by 0.3 km apparently without the hematite alteration typical of Adelar. Significant results include: TERC 012: 8m at 1.35 g/t 5E PGM 1 (1.07 g/t Pt, 0.25 g/t Ir and 0.03 g/t Rh) from 2m. 6m at 0.90 g/t 5E PGM (0.73 g/t Pt, 0.14 g/t Ir and 0.03 g/t Rh) from 16m.

4m at 1.29 g/t 5E PGM (1.18 g/t Pt and 0.11 g/t Ir) from 30m. TERC 013: 2m at 1.71 g/t 5E PGM (1.40 g/t Pt and 0.31 g/t Ir) from 10m. 6m at 0.92 g/t 5E PGM (0.47 g/t Pt and 0.45 g/t Ir) from 16m.

2m at 1.06 g/t 5E PGM (1.06 g/t Pt) from 24m.