Magnum Mining and Exploration LimitedASX: MGU

New Assays Define High-Desorption Magnet REEs (TbDy & NdPr)

· Issued by Magnum Mining and Exploration Limited via ASX

Filed with ASX · · 19 pages · English

Summary by 6ix AI

Magnum Mining and Exploration Limited has released new assay results from its Piracanjuba North project, highlighting significant high-desorption zones for rare earth elements. The results indicate a broad and repeatable mineralization pattern across the Plateau Zone, with multiple clusters showing enriched heavy and light magnet rare earths. The company plans to complete a maiden mineral resource estimate by the end of November and initiate further drilling to delineate higher-response zones.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

Release

ASX Release – 12 October 2026 ASX:MGU, OTCID: MGUFF ASX RELEASE 12 October 2026 ASX: MGU | OTCID: MGUFF Magnum Mining and Exploration Limited | ASX: MGU | +61 3 9682 2966 NEW ASSAYS CONTINUE TO DEFINE HIGH-DESORPTION ZONES AT PIRACANJUBA NORTH, WITH ENRICHED HEAVY (TbDy) AND LIGHT (NdPr)...

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