Mineralised footprint grows with compelling REE desorption
Filed with ASX · · 23 pages · English
Summary by 6ix AI
Magnum Mining and Exploration Limited has released an update on the Piracanjuba North mineralisation, highlighting significant results from their ongoing drilling program. The second batch of assays indicates elevated levels of total rare earth oxides and desorbable rare earth elements across multiple drill targets, reinforcing the potential for a large-scale ionic adsorption clay prospect. The company has expanded its drilling operations with six rigs now active and plans to deliver an Exploration Target by early August and a JORC Resource by November. Overall, the results support Magnum's view of the strategic value of the Piracanjuba Prospect as a significant rare earth element discovery.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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Earlier from Magnum Mining and Exploration
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- Large eTh pathfinder footprint at wet mountain REE project
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Later from Magnum Mining and Exploration
- Jack lifton joins Magnum Mining
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- Piracanjuba North maiden Exploration target
- Magnum Mining corporate and activities update
- Major milestone advances Parker project towards drilling
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