900 km
Lineament length
72
Granted permits
1,201 km²
Project area
100%
Magnum owned
200 km
SW of Brasília
Project Azimuth is Magnum’s flagship ionic adsorption clay rare earth project in Brazil. The project extends along the regional Azimuth 125° Lineament and includes the Piracanjuba North discovery area in southern Goiás, where Magnum is conducting a large-scale exploration programme across an expanding interpreted geophysical footprint.
The programme is designed to test lateral and vertical continuity, improve geological understanding and generate the data required for potential future technical milestones. The project remains at exploration stage.
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 development 10 APR 2026 · DRILLING
Large-scale drilling now underway at the Piracanjuba 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)
