reported drill holes
3,628.8 m of cumulative reported assay drilling after the 8 September 2026 update.
Investment case · Minas Americas
Why Magnes. Why now.
A growing drill record now extends from surface to the first reported RC intervals at depth, sharpening the geological and metallurgical questions ahead of two major technical milestones.
Exploration stage · Results dated 8 September 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.
1.15% TREO
2,830 ppm MREO in MAV_AD_0375, from surface to EOH.
0.58% TREO
31 m to 60 m EOH, with 1,346 ppm MREO.
HREO over 5 m
Including 100 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
Potential value inflections
Two major technical milestones. The work that leads to them.
Mineral-resource estimates before the end of 2026 and a PEA in H1 2027. Further drilling, geological modelling and representative metallurgy provide the technical inputs.
- NOW
443 holes reported
The 8 September 2026 update adds the first seven reported RC holes and extends the drill-derived dataset to 60 metres drilled depth.
- NEXT CATALYST
Further drilling results
Additional assays can strengthen the evidence for repetition, geometry and continuity.
- BEFORE END-2026*
Maiden resource estimates
A first formal estimate of tonnage, grade, geometry and classification.
- H1 2027*
Preliminary economic assessment
A first integrated development concept grounded in the preceding technical work.
* These targets were restated on 8 September 2026 and are not guaranteed dates. They remain subject to results, assays, technical work, regulatory review, financing and approvals.
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.