Magnum Mining Unveils Promising Rare Earth Findings

Magnum Mining and Exploration Limited (AU:MGU) has released an update.

Magnum Mining & Exploration Limited has reported promising results from its Palmares Rare Earth Element Project in Brazil, revealing trench samples with Total Rare Earth Oxides (TREO) up to 1.69%. The company plans to explore further with shallow drilling and metallurgical tests, focusing on high-demand elements like Terbium and Dysprosium that are largely supplied by China. Notably, only a small fraction of the 348 km² project area has been explored, highlighting significant future potential.

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