Magnum Mining and Exploration LimitedASX: MGU

MGU significantly expands footprint around iac REE discovery

· Issued by Magnum Mining And Exploration Limited

Filed with ASX · · 4 pages · English

Summary by 6ix AI

Magnum Mining and Exploration Limited has announced a significant expansion of its exploration permits around the Piracanjuba IAC REE discovery in Brazil, which is expected to enhance its land position and exploration potential. The newly granted permits will allow Magnum to conduct further exploration and drilling activities, including a substantial auger drilling campaign currently underway. The company anticipates reporting assay and desorption results from this drilling campaign shortly, which could outline the scale potential of the Piracanjuba project.

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