Magnum Mining Discovers Near-Surface Mineralization at Brazil's Piracanjuba North Anomaly

Published: Jun 12, 2026 09:07

Save

Magnum Mining & Exploration intersected near-surface mineralization in the first 24 air-core holes at the Piracanjuba North geophysical anomaly in Brazil. Key intersections: 11m from surface grading 0.0507% TREO and 0.011% MREO (magnet rare earth oxides), including 2m from 8m depth grading 0.0849% TREO and 0.0239% MREO. Ammonium sulphate extraction of dysprosium and terbium achieved recoveries up to 66%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

August 12 SMM Rare Earth Afternoon Trading Comment

10 hours ago

13 hours ago

Rare earth prices show divergence; Pr-Nd is weaker while medium-heavy rare earth holds steady [SMM Rare Earth Daily Review]

[SMM Rare Earth Daily Review: Rare Earth Prices Diverge, Pr-Nd Weakens, Medium-Heavy Rare Earth Holds Steady] Overall, market inquiry activity remained low, the trading atmosphere was sluggish, and rare earth prices diverged: affected by the pullback in futures prices, some suppliers slightly lowered their quotations; medium-heavy rare earth prices were relatively firm and held steady overall. In the short term, affected by the trading stalemate in the market, Pr-Nd product prices may maintain a pattern of moving sideways in a narrow range.

13 hours ago

17 hours ago

[SMM Rare Earth Morning Meeting Minutes] Pr-Nd series quotations remain firm with weak transactions, medium-heavy rare earth prices stay stable, and magnetic materials see a slight recovery.

[Pr-Nd series: firm quotes, weak transactions; medium-heavy rare earths steady; magnetic materials slightly recover] Yesterday, influenced by the relatively firm price of Pr-Nd oxide, quotes from metal enterprises saw no significant adjustments. However, downstream purchasing attitudes remained cautious, leading to lackluster market transactions and a sluggish trading atmosphere. In the medium-heavy rare earth market, although inquiry activity remained limited, suppliers' quotes were relatively firm, and the overall market operated stably.

17 hours ago