Peak Minerals Unveils Massive Rutile Discovery at Minta Project

A Landmark Discovery in Cameroon

Peak Minerals Limited (ASX, PUA) has announced compelling new results from its ongoing exploration at the Minta Rutile Project in central Cameroon. The company reports that every one of the 552 drill holes completed to date has intersected heavy mineralisation, confirming the presence of a continuous, high-grade rutile-rich system. This expansive mineralised zone now covers approximately 2,125 square kilometres within a broader 3,500 square kilometre target area, underscoring the project's scale and potential.

Consistent High-Grade Heavy Minerals

The drilling program, which employs cost-effective hand auger techniques targeting near-surface deposits, has revealed significant intercepts such as 4.0 metres at 8.0% heavy minerals from 3 metres depth and 5.8 metres at 3.5% from surface. These results highlight not only the continuity but also the quality of the mineralisation. Alongside rutile, the project has identified strong enrichments of monazite and zircon, valuable heavy minerals that add to the project's economic appeal.

Strategic Exploration and Next Steps

Peak Minerals’ technical team is advancing mineralogical analyses to refine target zones for follow-up infill drilling, which will focus on the highest-value areas identified during reconnaissance. The company anticipates delivering an exploration target for the alluvial setting by September 2025 and aims to produce a maiden JORC Mineral Resource Estimate in 2026. Preliminary mining studies are also underway to assess the viability of the most promising alluvial deposits.

Ground-Truthing and Fieldwork Insights

Recent field visits have allowed Peak’s team to validate exploration models and observe exceptional coarse monazite and abundant zircon and rutile in residual soils, particularly at the Minta Est area. The presence of visible monazite bands in panned concentrates is a rare and encouraging sign of mineral richness. Additionally, the identification of rutile nuggets supports geological theories about pegmatite emplacement and potential gold mineralisation, broadening the project's scope.

Fully Funded and Positioned for Growth

With all planned exploration activities through 2025 and into 2026 fully funded, Peak Minerals is well-positioned to continue its methodical approach. The company is also planning to establish a dedicated heavy mineral sands laboratory in Yaoundé to support ongoing and future assay work. This strategic investment underlines the company’s commitment to advancing the Minta Rutile Project towards development.