Gold Mountain Flags Deeper Rare Earths Potential at Brazil’s Capivara Prospect

Gold Mountain Limited ( (AU:GMN) ) has shared an announcement.

Gold Mountain Limited has reported further high-grade rare earth mineralisation at the Capivara Prospect within its Down Under Project in Brazil, with assays confirming thick, shallow zones rich in total rare earth oxides and a strong proportion of magnet rare earth oxides. The company says mineralisation commonly starts at or near surface, remains open at depth and displays characteristics typical of ionic adsorption clay systems, underpinning plans for resource definition diamond drilling.

The current auger program has mainly tested only the upper saprolitic horizon due to limited penetration and duricrust, and geochemical indicators suggest more prospective saprolite-hosted mineralisation may extend deeper. Metallurgical test work at ANSTO and ongoing environmental permitting for follow-up drilling are seen as key steps toward defining the scale, grade distribution and processing behaviour of the Down Under Project, potentially enhancing Gold Mountain’s strategic position in the rare earths sector.

The most recent analyst rating on (AU:GMN) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Gold Mountain Limited stock, see the AU:GMN Stock Forecast page.

More about Gold Mountain Limited

Gold Mountain Limited is an Australia-based exploration company focused on lithium, copper and rare earth element projects, primarily in Brazil and Papua New Guinea. Its portfolio includes multiple lithium and copper prospects across Brazilian regions such as Cococi, Iguatu and Salinas, as well as rare earth projects like Jequie and copper projects in PNG’s Wabag and Green River regions.

Average Trading Volume: 297,587

Technical Sentiment Signal: Sell

Current Market Cap: A$19.93M

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