OzAurum Resources (ASX:OZM) Brazil Exploration Update

OzAurum Resources Ltd (ASX:OZM) has reported a significant discovery in its Brazil Exploration, with the identification of a new Niobium anomaly. The company's 100% owned Brazil Salitre niobium soil sampling results have revealed anomalous niobium mineralisation in soil extending for 1km in strike length. The peak Niobium soil value of 190 ppm and Total Rare Earth Oxide (TREO) of 614 ppm, adjacent to 9 ultraviolet (UV) anomalies forming a cluster with coincident gamma radiation readings of up to 435 counts per second (CPS), which is up to 10 times above background readings from the area.

Executive Commentary on Brazil Exploration Update

We are excited to discover niobium mineralisation in soil sampling with a cluster of co-incidental UV anomalies. We will be following this up with more detailed soil sampling in the coming weeks. The OZM Saltire and Catalao projects are situated within the Alto Paranaba Magmatic Province (APMP) that accounts for 97% of worldwide niobium production, all hosted in carbonatite intrusions. We are very excited with the exploration opportunity that this project presents to OZM shareholders.

Summary of Brazil Exploration Update

OzAurum Resources' Brazil Exploration Update has unveiled a significant niobium anomaly in the Brazil Salitre project, with soil sampling results indicating anomalous niobium mineralisation extending for 1km in strike length. The company is targeting carbonatite intrusion hosted Niobium and Rare Earth Element (REE) mineralisation at Saltire and Catalao. The projects are situated within the Alto Paranaba Magmatic Province (APMP), a prolific host of carbonatite intrusions that accounts for 97% of worldwide niobium production. OzAurum plans to commence a follow-up soil sampling program in the coming weeks and has a company-owned diamond drilling rig and crew on standby, subject to environmental permitting and access. The company's CEO and Managing Director, Andrew Pumphrey, expressed excitement about the exploration opportunity and the potential it presents to OZM shareholders. Additionally, the company continues to evaluate potential lithium opportunities in the Lithium Valley within the State of Minas Gerais and is in discussions and negotiations with various parties.