Results and evidence

See the result, context and source together.

Each package shows what changed, what was measured, why it matters and where to find the issued release.

Evidence packages

Results with the context needed to compare them.

These pages summarise issued releases. The linked source disclosure controls, and Selected intervals remain distinct from dataset-wide summaries.

CURRENT DRILLING PACKAGE · 6 OCTOBER 202601

6 October 2026: Broad RC intervals and selected cumulative auger profiles.

What changed: The combined assay compilation covers 879 holes and 7,468.8 assayed metres at the 25 September cutoff, including prior results and complete or partial coverage. This update covers 822 cumulative auger profiles and 50 additional RC holes, not an all-new 872-hole cohort.
Reported result: MAV_RC_0063 returned 30 metres from surface at 1,853 ppm MREO, including 60 ppm DyTb, with 270 ppm HREO. MAV_AD_0691 returned 8 metres from surface at 2,194 ppm MREO; MAV_AD_0639 returned 11 metres from surface at 2,179 ppm MREO and 335 ppm HREO. These are selected cumulative auger profiles, not an all-new cohort.
Why investors care: Broad intervals beginning at surface and the magnet- and heavy-rare-earth mix strengthen the basis for further exploration and process testing, not a resource or economic conclusion.
How to read it: Selected head-grade drilled intervals, not recovered grades. True widths and continuity between holes are not established. Nested intervals are included, not additional metres. MREO and HREO overlap through DyTb and must not be added. No mineral resource, reserve, commercial recovery or economic result is established. Selected head-grade drilled intervals, not recovered grades. True widths and continuity between holes are not established. Nested intervals are included, not additional metres. MREO and HREO overlap through DyTb and must not be added. No mineral resource, reserve, commercial recovery or economic result is established.

Read the result in context View release PDF Explore selected disclosed intervals

HISTORICAL DRILLING PACKAGE · 16 JUNE 202602

June 2026: 253-hole averages put the selected interval in context

What changed: The update added 1,856 metres of original drill-interval samples across 253 holes.
Reported result: Disclosed length-weighted averages were 3,640 ppm TREO and 800 ppm MREO; selected MAV_AD_0200 returned 10 metres from surface at 9,736 ppm TREO and 2,407 ppm MREO.
Why investors care: The broader dataset provides a stronger basis for geological modelling and future resource work.
How to read it: The averages cover the 253-hole June dataset; selected intervals remain separate from dataset-wide statistics.

Read the result in context View release PDF

DIAGNOSTIC METALLURGY · 21 OCTOBER 202503

October 2025: selected samples showed a diagnostic solution response

What changed: Selected trench material was tested for 30 minutes in 0.5 M ammonium sulphate.
Reported result: Primary leach solution contained up to 667 mg/kg DREO and 278 mg/kg MREO under that test.
Why investors care: The response warrants representative mineralogy, recovery, impurity and mass-balance work.
How to read it: Representative recovery, variability and mass balance are the next tests.

Read the result in context View release PDF

SPATIAL EVIDENCE · 17 MARCH 202604

March 2026: three reported areas describe different exploration work

What changed: The record distinguishes a drill-result footprint, a mapped geological unit and an earlier exploration zone.
Reported result: These boundaries show where different exploration evidence exists and how the work expanded.
Why investors care: Keeping the boundaries separate prevents exploration area from being mistaken for scale or tonnage.
How to read it: Each area measures a different part of the exploration record; resource definition establishes tonnage and grade.

Read the result in context View release PDF

From assay to revenue

Five measures from rock to revenue.

Five separate measures sit between finding rare earths and earning revenue from a qualified product.

01
Head grade
What the original solid sample contains.
02
Diagnostic solution
What dissolved under one stated test.
03
Extraction percentage
The fraction transferred into solution with a mass balance.
04
Flowsheet recovery
The fraction reaching a defined product after every process stage.
05
Payable recovery
The portion a customer would pay for after specifications and deductions.

Follow the path from grade to payability Methods, QA/QC and QP

Issued releases

The complete archive, newest first.

Historical releases remain available. Where the record changes, the newest authoritative disclosure controls.

LATEST TECHNICAL RELEASE6 October 2026

6 October 2026 magnet and heavy rare-earth update

Data cutoff 25 September 2026. Combined assay compilation, coverage of this update and drilling-record totals are different populations. Selected head grades do not establish true widths, continuity, mineral resources, reserves, metallurgical recovery or economics. MREO and HREO overlap through DyTb. Companion-annex approval and new spatial collars are not asserted by this source selection.

Read the update

HISTORICAL RELEASE8 September 2026

8 September 2026 first RC and auger results

Selected head-grade drilled intervals are not a mineral resource, reserve, recovery estimate or economic result. True thickness has not been determined. MAV_RC_0012 includes a documented 30-31 m no-recovery interval, and no composite crosses that gap. The separate Drill-Hole and Assay Results Annex referred to in the release is not included in this website package.

Read the update

HISTORICAL RELEASE16 June 2026

16 June 2026 drilling update

Selected results are head-grade drilled intervals. The release provides no mineral resource, recovery estimate, economics, production guidance or development decision. The later 8 September 2026 disclosure expands the reported drilling record.

Read the update

HISTORICAL RELEASE20 May 2026

20 May 2026 formation update

The disclosure describes the corporate structure and intended pathway as of its publication date.

Read the update

HISTORICAL RELEASE17 March 2026

17 March 2026 drilling update

The spatial areas are exploration-evidence boundaries, not a mineral-resource boundary or proof of continuity.

Read the update

HISTORICAL RELEASE26 January 2026

26 January 2026 drilling update

Later disclosures supersede the size of the reported dataset and earlier study timing.

Read the update

HISTORICAL RELEASE2 December 2025

2 December 2025 first drill assays

Later tables contain small reconciliation differences for some early composites; later disclosure controls.

Read the update

HISTORICAL RELEASE21 October 2025

21 October 2025 diagnostic screening

The narrative thorium shorthand conflicts with the numerical table. The website uses the Table 2 values reconciled against SGS certificate GQ2509212. Solution concentrations are not recovery percentages, a representative flowsheet, a project-wide radiological profile or evidence of economic extraction.

Read the update

HISTORICAL RELEASE14 October 2025

14 October 2025 programme update

Historical target dates and promotional descriptors are not current website claims.

Read the update

HISTORICAL RELEASE9 October 2025

9 October 2025 drilling commencement

An activity milestone is not a technical result; original schedules have been superseded.

Read the update

HISTORICAL RELEASE6 October 2025

6 October 2025 discovery announcement

The exploration zone is not a resource, reserve, title or drill-defined boundary. Later project data supersede the early dataset.