Minta Project’s Broad Mineralisation Raises Questions on Resource Scale and Grade

Expanding the Minta Rutile Footprint

Peak Minerals Limited (ASX: PUA) has delivered a compelling update on its Minta Rutile Project in Cameroon, revealing assay results from 29 additional drill holes that extend the known heavy mineralisation zone by 28 kilometres. These results build on the initial discovery, confirming a broad and consistent presence of heavy minerals, including rutile, across a vast area.

The drilling program, which employs cost-effective hand auger and Dormer drilling rigs, has achieved a 100% success rate in intersecting heavy mineralisation from surface. The average depth of mineralisation is approximately 3.9 metres, with significant intercepts such as 3.1 metres at 8.4% heavy minerals and 6.8 metres at 2.8% heavy minerals. Notably, the discovery hole returned an average rutile content of 63.2%, underscoring the quality of the mineral assemblage.

A Project of Scale and Potential

Spanning over 7,000 square kilometres, the Minta Rutile Project is one of the largest under-explored rutile provinces in Africa. The current reconnaissance drilling phase has covered roughly half of the initial 3,500 square kilometre target area, with plans underway to expand the program. The broad distribution of mineralisation, including zones up to 35 kilometres northwest of the initial discovery, suggests a significant resource potential that could position Minta as a globally relevant rutile source.

Adding to the project's promise is the presence of oversize rutile nuggets ranging from 1mm to 30mm in diameter. While current assays focus on the sand fraction below 1mm, the contribution from these larger particles remains to be quantified. Early indications suggest that including oversize mineralisation could materially enhance the overall heavy mineral grades.

Next Steps and Industry Context

Peak Minerals is advancing its exploration with further assay results expected in the coming weeks, including analysis of the oversize fraction. The company is also prioritising geo-metallurgical characterisation to better understand mineral assemblages and develop maiden resource estimates. The Minta Project's geology, characterized by kyanite-bearing mica schist and tropical weathering processes, is conducive to rutile formation and concentration, offering a promising foundation for future development.

CEO Casper Adson highlighted the significance of these findings, emphasizing the scale and continuity of mineralisation and the project's potential to become a major new rutile province. With ongoing exploration and systematic drilling, Peak Minerals is positioning itself at the forefront of mineral sands development in Africa.