compiled assay holes
7,468.8 m of combined compiled assay drilling. 6 October 2026.
Investment case · Minas Americas
Why Magnes. Why now.
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.
Exploration stage · Results dated 6 October 2026 · Head-grade assays are not recovery or economics
The opportunity in one screen
Five reasons to follow Magnes now.
Five facts define the opportunity today and the milestones that can strengthen it.
1,853 ppm MREO
1,853 ppm MREO in MAV_RC_0063, from surface.
2,194 ppm MREO
from surface, with 2,194 ppm MREO.
HREO over 30 m
Including 60 ppm DyTb. Head grade only, not recovery or economic value.
gross capital accessed
3.9% annualised basic share-count growth from the 2007 post-IPO base through June 2026 while the former platform built reported installed mineral-fertilizer capacity of up to 3.0 Mtpa—not actual production.
Reasons 01–04 summarise dated Magnes project disclosures. Review the results and sources Reason 05 is historical leadership evidence from Amazon Mining/Verde under Cristiano Veloso. It is not Magnes funding, cash, capital expenditure, project economics or development readiness. Review the founder track record
Conceptual material-to-application illustration. Intermediate processing is not shown; this is not a Magnes flowsheet or equipment photograph.
Potential value inflections
The next milestone connects grades to process development.
Reporting of the SGS bench-scale metallurgical results is the next milestone, following reconciliation and technical review. Further drilling, geological modelling and representative metallurgy provide the technical inputs.
- NOW
879 holes compiled
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.
- NEXT TECHNICAL WORK
Build the next evidence
SGS bench-scale results following reconciliation and technical review; numerical results, commercial recovery and an optimised flowsheet are not established by this release.
- AFTER TECHNICAL REVIEW*
SGS bench-scale announcement
Reconcile feed, leach liquor, two separately analysed wash stages and residue before reporting the results.
- SUBSEQUENT WORK
Guide the next process-development decisions
Assess extraction selectivity, impurities, reagents and solid–liquid separation. No commercial recovery or optimised flowsheet is established.
* No numerical results from the bench programme are disclosed in this release. Commercial recovery and an optimised flowsheet are not established. Timing and outcomes depend on reconciliation, review, required approvals, suitable samples, funding, personnel, permits and other risks; no date is guaranteed.
Principal risks
What could change the thesis.
- The reported drilling may not support a mineral resource, reserve or economic scale.
- Selected diagnostic leach behaviour may not translate into representative recovery.
- Mineralogy, impurities, water, reagents, residues, permitting and infrastructure may change the development route.
- Future work requires capital and may affect timing, ownership or dilution.
Follow the next result
Follow the next catalysts.
Read the latest drilling update, explore Minas Americas or request future announcements.