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

Published: Jun 12, 2026 09:07

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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%.

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