Advancing the Next Ionic Clay Rare Earths Discovery in Brazil
Magnum Mining & Exploration Limited is an ASX-listed critical minerals explorer focused on rare earth elements, ionic adsorption clay discoveries, and strategic mineral opportunities across Brazil and the United States.
Positioned in critical minerals supply chains
Magnum has confirmed ionic adsorption clay-hosted rare earth mineralisation at the Azimuth REE Project in Brazil.
Early results highlight meaningful MREO distribution, including magnet rare earths used in electrification, defence, robotics, and clean energy supply chains.
The Piracanjuba North target sits within an approximately 85km² geophysical footprint, with first-pass drilling suggesting potential lateral continuity.
A 200m × 200m grid drilling programme is planned to advance toward a JORC-compliant Mineral Resource Estimate, targeted for November 2026, subject to results.
Rare earths are essential to the technologies shaping the next decade.
Rare earth elements underpin electrification, permanent magnets, robotics, defence, renewable energy, advanced manufacturing, and high-performance electronics. As demand for these technologies grows, secure and diversified rare earth supply chains have become a strategic priority globally.
Permanent magnets & electrification
Magnet rare earths such as Nd, Pr, Dy, and Tb are critical to EV motors, wind turbines, and high-efficiency electronics.
Ionic adsorption clay deposits
IAC-hosted rare earths may offer near-surface mineralisation and simpler processing characteristics compared with some hard-rock systems, subject to test work.
Brazil as an emerging jurisdiction
Brazil is increasingly recognised as an important rare earth exploration region, with established critical minerals districts and supportive geology.
Brazil: A New Rare Earths Growth Platform
Magnum's Brazil rare earths portfolio includes the Azimuth REE Project and Palmares REE Project, located across highly prospective regions of south-central Brazil. Recent work has confirmed ionic adsorption clay-hosted rare earth mineralisation at the Piracanjuba prospect within the Azimuth Project.
TREO reported in early assays
MREO reported
Desorption recoveries TREO / MREO under mild leaching, as reported
First-pass auger holes intersected near-surface REE mineralisation
Geophysical footprint at Piracanjuba North
Near Brazil's established critical minerals districts
Refer to Magnum ASX announcements dated 11 February 2026, 19 February 2026, 10 April 2026, and 5 May 2026 for full technical details and cautionary statements.
From landholding to potential resource
- 2024
Magnum secures major rare earths landholding in Brazil
- 2025
Brazil rare earth projects acquisition completed
- Late 2025
Drilling commences at high-priority REE prospects
- Feb 2026
Potential large-scale ionic adsorption clay REE discovery announced
- Feb 2026
Ionic adsorption clay discovery confirmed at Azimuth
- Apr 2026
Large-scale drill programme launched at IAC REE discovery
- May 2026
Exploration leadership strengthened to accelerate growth
- Nov 2026 (target)
Progress toward JORC-compliant Mineral Resource Estimate, subject to results
An ASX-listed exposure to rare earth exploration
Magnum offers ASX-listed exposure to an emerging rare earths growth platform, with a clear technical pathway and exploration upside across Brazil and the United States.
- Company
- Magnum Mining & Exploration Limited
- ASX Code
- MGU
- Sector
- Critical Minerals / Rare Earths / Exploration
- Key Focus
- Brazil ionic adsorption clay rare earths
- Secondary Focus
- USA critical minerals & REE opportunities
- Investor Relations
- ebergseng@nrinvestor.com.au
- Company Email
- info@mmel.com.au
- Website
- www.mmel.com.au
Stay informed as Magnum advances its rare earths exploration pipeline.
Follow our progress across Brazil and the United States as we advance critical minerals exploration toward resource definition.