Brazilian Rare Earths Yields Record Intercepts at Brazil Project Since Inception

MT Newswires Live

Oct 28, 2024

Brazilian Rare Earths (ASX:BRE) made significant progress at its Monte Alto project in Brazil in the September quarter, yielding the highest grades and longest mineralized intercepts since the project started, according to a Monday filing with the Australian Securities Exchange.

Exploration expanded the strike, continuity, and depth of the ultra-high-grade hard rock mineralization, the filing said.

Additionally, new regional rare earth discoveries were made across district-scale magnetic anomalies at Monte Alto East, doubling the target exploration area.

Meanwhile, the company's Brazilian subsidiary, Borborema Mineração, signed a memorandum of understanding with the Bahia Government to support the development of the Rocha da Rocha rare earth province, according to the filing.

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