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.
Four key updates
Results with the context needed to compare them.
These pages summarise issued releases. The attached PDF is the formal record, and selected intervals remain distinct from dataset-wide summaries.
CURRENT DRILLING PACKAGE · 8 SEPTEMBER 202601
8 September 2026: from-surface grade and the first RC results at depth
- What changed
- The package adds 139 auger holes and the first seven reported RC holes, totalling 146 holes and 1,299 assayed metres.
- Reported result
- MAV_AD_0375 returned 15 metres from surface at 1.15% TREO; MAV_RC_0012 returned 29 metres from 31 metres to the 60-metre EOH at 0.58% TREO.
- Why investors care
- The first RC assays extend the drill-derived dataset below auger depths and quantify a heavy rare-earth component in selected intervals.
- How to read it
- Head-grade drilled intervals only. True thickness, continuity below EOH, recovery, mineral resources and economics remain unestablished. MAV_RC_0012 includes a 30-31 metre no-recovery gap.
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.
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.
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.
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.
