19 High-Priority Rare Earth Targets Set for Drilling in Magnum’s Brazil Project
Magnum Mining & Exploration Limited is set to begin auger drilling on its Azimuth 125 Rare Earth Elements project in Brazil, targeting 19 high-priority ionic clay REE areas identified through radiometric and geological analysis.
- Initial auger drilling to commence in October 2025
- 19 high-priority ionic clay-hosted REE target areas identified
- Project covers 72 tenements spanning ~1,201 km² in Minas Gerais and Goiás
- Exploration focuses on radiometric anomalies and geology along Azimuth 125 lineament
- Brazil-based team with prior REE discovery experience to conduct work
Exploration Begins on a Strategic Rare Earths Frontier
Magnum Mining & Exploration Limited (ASX – MGU) has announced the imminent start of an auger drilling program on its Azimuth 125 Rare Earth Elements (REE) Project in Brazil. This marks a significant step from preliminary geophysical surveys to active field exploration, targeting 19 high-priority areas identified through detailed radiometric and geological analysis.
The Azimuth 125 project covers a substantial landholding of 72 granted tenements, spanning approximately 1,201 square kilometres across the states of Minas Gerais and Goiás. This region is increasingly recognised for its world-class ionic clay REE deposits, which are critical for emerging technologies and green energy applications.
Targeting Ionic Clay-Hosted Rare Earths
The exploration strategy focuses on ionic clay-hosted REE mineralisation, a style known for its enrichment in heavy rare earth elements such as dysprosium and terbium. These elements are vital for high-tech industries, including electric vehicles, wind turbines, and defence technologies. The prioritisation of targets was guided by radiometric anomalies; specifically thorium signatures; and geological features along the Azimuth 125 lineament, a major crustal structure associated with exotic intrusives and mineralisation.
Notably, the project area has seen no historic exploration, presenting a genuine greenfield opportunity. The auger drilling will serve as a rapid reconnaissance method to confirm the presence of REE mineralisation and to gather preliminary geological data by logging rock fragments encountered during sampling.
Strategic Location and Experienced Team
Situated along the Azimuth 125 lineament, the project benefits from proximity to established REE deposits such as those held by Meteoric Resources Ltd and Appia Rare Earth and Uranium Corp. The geological setting includes alkaline intrusives and carbonatites known to host significant REE mineralisation. Magnum’s Brazil-based exploration team brings prior success in REE discovery, enhancing the potential for meaningful results.
While the drilling program is scheduled to begin in October 2025, it remains contingent on securing land access agreements. The company emphasises that all permits are in good standing and that the tenements are registered with the Brazilian mining authority.
Looking Ahead
This initial phase of exploration will provide critical data to guide further drilling and resource evaluation. As global demand for rare earth elements intensifies, projects like Azimuth 125 could play a pivotal role in diversifying supply chains and supporting sustainable technologies.
Bottom Line?
Magnum’s upcoming drilling campaign could unlock a new rare earth frontier in Brazil, but results and land access remain key watchpoints.
Questions in the middle?
- Will the auger drilling confirm significant ionic clay REE mineralisation across the 19 targets?
- How quickly can Magnum secure land access to commence and sustain exploration activities?
- What are the implications of nearby major players’ activities on Magnum’s project valuation and partnerships?
