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Azimuth 125
Rare Earth Elements
The Azimuth 125 Project extends over 900km of the regional AZ125° Lineament, a NW-SE structural corridor recognised as a major source of mineralisation due to the exotic intrusives that occur along it. Magnum’s tenure is 100% owned, through 72 granted exploration permits over ~1,201km², 200km SW of Brasília. All tenements are fully permitted with land access.
The Azimuth 125 Project is host to numerous ionic clay REE deposits, niobium deposits & mines, including CMOC Catalao, one of Brazil’s highest grade niobium mines. Significantly, no historic exploration activity has occurred on the vast majority of the prospects to date, representing novel greenfields opportunities for Magnum.
Location of Magnum’s Azimuth REE project tenements on the Azimuth 125 trend.
19 REE prospects identified along Magnums Az125 REE Project (yellow dots). The local road network provides easy access & are within proximity to Brasilia.
Latest Developments - 10th April - LARGE-SCALE DRILL PROGRAMME LAUNCHED AT BRAZIL IONIC ADSORPTION CLAY REE DISCOVERY
Following confirmation of an Ionic Adsorption Clay REE discovery at the Piracanjuba prospect, Magnum has commenced a systematic program of up to ~10,000m across 830 holes over its 85km² geophysical footprint. The drill program aims to support the definition of an Exploration Target and JORC Mineral Resource.
Drilling planned at Piracanjuba North target. Planned drill holes are in red. Previous intercepts are shown in yellow (Refer to 11 February 2026 release).
Drilling planned at the Piracanjuba & Piracanjuba South targets. Planned drill holes are in red. Previous intercepts are shown in yellow (Refer to 11 February 2026 release).
Piracanjuba North Target auger hole locations and intercepts. Blue outline are Magnum’s leases. Background is an image of the thorium channel of an airborne geophysical survey (Refer to 11 February 2026 release).
Piracanjuba Target auger hole locations and intercepts. Blue outline are Magnum’s leases. Background is an image of the thorium channel of an airborne geophysical survey. (Refer to 11 February 2026 release).
Piracanjuba South Target auger hole locations and intercepts. Blue outline are Magnum’s leases. Background is an image of the thorium channel of an airborne geophysical survey. (Refer to 11 February 2026 release)