Magnum Mining And Exploration Limited · ASX:MGU
Magnum Mining And Exploration — Corporate Update (May 2025)
17 slides from Magnum Mining And Exploration's corporate update, May 6, 2025
Slide 1: Brazil Rare Earth Projects – Presentation
ASX Release: 6 May 2025 BRAZIL RARE EARTH PROJECTS – PRESENTATION Magnum Mining & Exploration Limited (ASX: Magnum, or the Company) announced on 5 May 2025 (ASX Release “Acquisition Complete for Brazil Rare Earth Projects”) that the acquisition of 100% of the issued shares of Palmares Estudos Geolog
Slide 2: Prime Rare Earth: World Class Portfolio of Rare Earth Elements & Scandium in Brazil
May 2025 Prime Rare Earth World Class Portfolio of Rare Earth Elements & Scandium in Brazil BAHIA, GOIÁS, and MINAS GERAIS.BRAZIL
Slide 3: Rare Earths: China's restrictions drives exploration interest
Rare Earths: China’s restrictions drives exploration interest hina has again weaponised Rare Earth C Elements by halting exports to the USA I nterest in REE exploration and mine development has skyrocketed as a result agnum has positioned itself in a proven M highly prospective REE area in Brazil to
Slide 4: Magnum's Brazilian REE Projects
Magnum’s Brazilian REE Projects Palmares REE Project 18 granted claims situated in the centre-south of Bahia state. The leases cover a 43 km long and 13 km wide target zone totalling 348 km2 Azimuth REE Project 72 granted tenements covering 1,201km2 of highly prospective ground over 900km of the reg
Slide 5: Palmares – Surrounded by recent REE discoveries
Palmares – Surrounded by recent REE discoveries onsists of 18 granted claims C (~348km2) in Bahia State, mainly surrounded by REE exploration projects held by ASX listed companies Equinox Resources Limited (ASX: EQN)1, Brazilian Rare Earths Limited (ASX: BRE)2, and Meteoric Resources NL (ASX:MEI)3 a
Slide 6: Palmares – The right geology in a highly prospective belt
Palmares – The right geology in a highly prospective belt he Project is located in the southeastern portion of T the São Francisco Craton, in the Paleoproterozoic crustal segment called Itabuna-Salvador-Curaçá Belt, formed around 2.0 Ga, with a N-S orientation and composed of rocks of high metamorph
Slide 7: Palmares – Initial exploration highly encouraging
Palmares – Initial exploration highly encouraging As previously announced1, exploration to date includes: Geological mapping Trenching Surface and trench sampling Ground magnetic surveys Resisitivity surveys ssaying of the pegmatite dyke swarm has A returned spectacular REE grades of up to 1.69% Tot
Slide 8: Palmares – Up to 1.69% TREO
Palmares – Up to 1.69% TREO rench samples returned up to 1.69% (16,884ppm) T TREO, with Total Heavy Rare Earth Oxides (THREO) at 2,633ppm ock samples showed up to 1.31% TREO R (13,082ppm), with THREO at 2,227ppm HREO contains high levels of Terbium (Tb) and T Dysprosium (Dy), both currently dominate
Slide 9: Palmares – Geophysical data reveals blind targets
Palmares – Geophysical data reveals blind targets ombination of ground magnetometry, C radiometrics, and resistivity methods have proven successful in outlining known pegmatite dykes otential dykes with no observable outcrop P have been defined xtension of geophysical surveying is being E planned to
Slide 10: Palmares – Scandium Credits
Palmares – Scandium Credits he highest scandium (Sc) values are associated with T magnetic basic rocks (magnetitite) and weathered amphibolites. The Sc content in these lithologies ranged from 30 to 65 ppm. These occurred in both rock and channel samples Lithology Number of samples Sc (ppm) Magnetit
Slide 11: Palmares – Next Steps
Palmares – Next Steps ess than 0.1% of the Palmares REE L Project area has been explored xpansion of the geophysical programme E is being planned to facilitate targeting drilling campaign will be designed A to test the down dip and aling strike extent of the dyjke systems and map out geochemical con
Slide 12: Azimuth Project
Azimuth Project onsists of 72 granted tenements C covering ~1,201km2 of highly prospective ground. These extend over 900km of the regional AZ125° Lineament. he AZ125° Lineament is a crustal trans- T Brazilian feature that reflects the deep plumbing system in the region. Diamond bearing lamprophyres
Slide 13: Azimuth – Untouched potential in an REE rich terrain
Azimuth - Untouched potential in an REE rich terrain he Alkaline target contains rare earth T and niobium mineralisation, enriched by lateralisation in the tropical climate. he Goias State is home to the world T class Serra Verde and PCH IAC Rare Earth projects (Az 125º). zimuth also contains multip
Slide 14: Azimuth – Next Steps
Azimuth - Next Steps Azimuth is predominantly green fields project ultiple high-priority targets have been M identified from regional aeromagnetic data regional sampling and prospecting A campaign will be undertaken to prioritise these targets for prospect-scale mapping, sampling, and geophysical su
Slide 15: In an Infrastructure Rich Area
In an Infrastructure Rich Area he area is well serviced with roads, airports, T power and rail and hosts population centres that can support exploration activities EE operations and downstream processing sites R distinguish the area as a mining friendly jurisdiction oth project areas are reachable b
Slide 16: Cautionary Statements
Cautionary Statements COMPETENT PERSON’S STATEMENT Forward-looking information is developed based on assumptions about such risks, uncertainties The information in this announcement is based on, and fairly represents information and and other factors set out herein, including but not limited to gene
Slide 17: For More Information
FOR MORE INFORMATION For further information or inquiries: 311-313 Hay Street, Subiaco WA 6008 Telephone: +61 8 6489 0600 Email: info@mmel.com.au ASX: MGU ABN 70 003 170 376 www.mmel.com.au May 2025
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