Australian Mines unveils REE findings

Australian Mines (ASX:AUZ) has announced encouraging results from its Rare Earth Element soil sampling at the Resende Project in Brazil. The program identified significant anomalies, with assays exceeding 400 ppm TREO and reaching a peak of 1258 ppm. Initial drilling has also been completed at Jequie North and South projects.

Summary of exploration progress

Australian Mines (ASX:AUZ) has made significant strides in its exploration activities in Brazil, particularly at the Resende and Jequie projects. Soil sampling at Resende revealed notable TREO anomalies, with further exploration planned. The company is focusing on leveraging Brazil's geological potential for REE, with a commitment to sustainable mining practices. Future plans include additional sampling and drilling to explore mineralization extensions. The projects benefit from robust infrastructure, enhancing their potential for development.

Executive commentary on REE findings

The soil sampling results from the Resende Project are promising, identifying significant TREO anomalies. Our initial drilling at Jequie projects reflects our strategic focus on Brazil's geological potential for REE.