Magnum Uncovers Vast Ionic Clay Rare Earths at Azimuth Project, Brazil

• All 13 first-pass auger holes intersected REE mineralisation up to 14m depth
• Peak assays reached 3,971ppm total rare earth oxides (TREO) and 1,360ppm magnetic REO (MREO)
• Mineralisation remains open laterally and at depth across an 85km geophysical anomaly
• Early test work suggests ionic adsorption clay (IAC) style mineralisation with simpler extraction