Connected Minerals Moves Into Angolan Critical Minerals With Bailundo Carbonatite Acquisition

Connected IO ( (AU:CML) ) has provided an update.

Connected Minerals has agreed to acquire 100% of Frontier Group CRM, gaining an indirect 80% interest in the Bailundo Carbonatite Project in central Angola, which hosts a ~7km diameter carbonatite complex with high-grade niobium and rare earth element mineralisation from surface. The project, located near the Lobito Corridor export route and in a geological province analogous to major Brazilian carbonatites, is supported by a $4.5 million capital raising and new leadership appointments, positioning the company to rapidly advance exploration and strengthen its foothold in the global critical minerals sector.

Frontier has applied to add niobium, rare earths and phosphorus to the existing copper-focused licence, with gallium also to be evaluated as part of exploration, and historical and recent sampling confirm substantial near-surface mineralisation within weathered saprolite and fresh carbonatite. Connected Minerals views the transaction as an expansion of its activities and plans a systematic modern exploration program at Bailundo, leveraging Angola’s improving regulatory framework and infrastructure and collaborating with local partners and government to define the scale, geometry and continuity of mineralisation while maintaining its existing asset portfolio.

More about Connected IO

Connected Minerals Limited is an ASX-listed resources company focused on mineral exploration and development. The company is expanding its portfolio into critical minerals, targeting niobium and rare earth elements through projects in emerging mining jurisdictions such as Angola.

Average Trading Volume: 80,216

Technical Sentiment Signal: Hold

Current Market Cap: A$19.82M

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