Magnes Rare Earths reported assay results showing a 10-metre interval from the surface averaging 0.97% total rare earth oxides on Tuesday [1, 2].

The findings are significant because they demonstrate a shallow, repeated mineralization model at the Minas Americas Rare Earth Project, which could influence the feasibility of future extraction [1].

The company, a wholly owned subsidiary of Verde AgriTech Ltd., identified the interval from 0 to 10 metres depth [2]. According to the data, the average concentration was 9,736 ppm total rare earth oxides (TREO), or 0.97% [2].

Within this interval, the results showed an average magnetic rare earth oxide (MREO) concentration of 2,407 ppm [2]. This indicates that MREOs account for 24.7% of the total rare earth oxides found in that section [2]. The highest recorded sample in the interval reached 11,016 ppm TREO, located between five and six metres deep [2].

These results are part of a broader exploration effort in the Belo Horizonte region of Brazil [1, 2]. Magnes Rare Earths has reported a total of 297 drill holes to date [1]. The latest update includes assay results from 253 of those drill holes [1].

The company said the data helps progress the understanding of the project's geological structure [1]. By focusing on these shallow deposits, the company aims to verify the consistency of the rare earth mineralization across the site [1].

“a 10-metre interval from the surface averaging 0.97% total rare earth oxides”

The presence of high-concentration rare earth oxides near the surface typically reduces the cost and complexity of mining operations. By confirming a 'shallow, repeated' mineralization model, Magnes Rare Earths is positioning the Minas Americas project as a potentially efficient source of critical minerals, which are essential for high-tech manufacturing and green energy technologies.