Progress of the Campo Grande Rare Earth Mine Project in Brazil and Other Projects

Published: Oct 26, 2025 18:57

Source: Ministry of Natural Resources of the People's Repu

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Drilling at Equinox Resources' Campo Grande project in Brazil has confirmed a shallow rare earth mineralization system.

Mid-section drilling intersected 14 meters of mineralization at a depth of 1 meter, with a total rare earth oxide (TREO) grade of 0.4022% and a magnet rare earth oxide (MREO) proportion of 26%.

Northern drilling intersected 15 meters of mineralization at a depth of 45 meters, with a TREO grade of 0.3268% and an MREO proportion of 21%.

The project is adjacent to the mining rights of Brazilian Rare Earths (BRE), where surface sampling has shown TREO grades reaching 1.7346%.

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Gold Mountain achieved positive drilling results at the Irajuba deposit of its Down Under project in Brazil.

Drilling intersected 9 meters of mineralization with a TREO grade of 0.1698%, including a 5-meter-thick ore body grading 0.2057%, with an MREO proportion as high as 44.5%.

The drilling was located 600 meters south of the main ore body.

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