Filed with ASX · · 5 pages · English
Oceana metals Limited has provided an update on its drilling activities at the Serra Negra Rare Earths Project in Brazil, announcing the deployment of a third diamond drill rig and the expected arrival of a fourth rig, which will double their drilling capacity. The drilling program aims to support a maiden Mineral Resource Estimate, with significant intersections of rare earth elements already identified in historical core samples. The company anticipates a strong flow of news, including further assay results and aeromagnetic survey interpretations, which are expected to enhance their understanding of the mineralization.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
8 October 2026 Serra Negra REE Project, Minas Gerais, Brazil Drilling ramps up with four rigs at Serra Negra Central REE Target Third diamond rig now on site and a fourth due this week, doubling drilling capacity at the high-grade REE Central target area; further historical re-assays and...
