Magnum Mining and Exploration LimitedASX: MGU

Piracanjuba North maiden Exploration target

· Issued by Magnum Mining And Exploration Limited

Filed with ASX · · 20 pages · English and Hungarian

Summary by 6ix AI

Magnum Mining and Exploration Limited has released an exploration target report for its Piracanjuba North prospect, indicating significant potential for a major discovery in rare earth elements. The report outlines an initial exploration target defined across three drill domains, covering a substantial area of the project site. The company has completed a significant amount of drilling and is on track to deliver a mineral resource estimate in the near future, subject to ongoing exploration results. This exploration target reinforces the strategic value of Magnum's broader Azimuth REE Project and highlights the district-scale growth potential in the area.

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