Verde's assays of over 1,500m of drilling find rare earths up to 12,487 ppm TREO and 3,357 ppm MREO

Core Insights - Verde AgriTech Ltd has announced significant results from its ongoing evaluation of rare earths in historical diamond core drilling, indicating potential for a major discovery outside of China [1][4][7] Company Developments - The company has completed reassaying 3,640 meters across three distinct targets previously drilled for phosphate, with results from the Nau de Guerra and Balsamo targets disclosed [2][4] - The rare earth initiative is officially named the Man of War Project, with final results for the remaining 1,314 meters from the Alto da Serra target expected soon [2][4] Key Results - Recent drilling assays from the Balsamo target revealed high concentrations of rare earth elements, including 12,487 ppm Total Rare Earth Oxides (TREO) and 3,357 ppm Magnetic Rare Earth Oxides (MREO) [3][4] - Additional results include 3,667 ppm TREO and 827 ppm MREO from another drill hole, showcasing the project's potential as a significant source of high-grade rare earth elements [3][4] Future Plans - The company is preparing a mineral resource report in compliance with NI 43-101 and Australian JORC standards to maximize shareholder value [6][7] - The Board of Directors has decided to advance the project through an independent entity, allowing Verde to focus on its core business of fertilizers while maximizing the value of the rare earths discovery [7]