The Palmares Project is located on the Jequie Belt, a carbonatite and alkaline intrusive corridor known to host ionic clay REE, and particularly HREEs. The tenure is 100% owned covering 18 granted exploration permits over 348km2.

Exploration conducted to date includes geological mapping , trenching, surface & trench sampling, ground magnetic surveys and resistivity surveys. To date, less than 0.1% of the project area has been explored so far.

The Palmares Project includes the Feirinha Prospect, which has displayed trench assays up to 1.69% TREO (16,884 ppm), with 2,633pm THREO & Rock chips up to 1.31% TREO (13,082 ppm), with 2,227ppm THREO. Assay have also showed exceptional anomalism in Terbium (Tb or Tb4O7) up to 47ppm (Typically 5ppm ex-China), and Dysprosium (Dy or Dy2O3), up to 285ppm (Typically 24ppm ex-China).

Leach tests at very low residency time (5 minutes compared to some peers of 30 minutes) and room temperature have delivered leachates in excess of 1,100ppm TREO.
Feirina includes ~1.3km of mapped strike, with known repetitions to exist along strike.