Magnum Mining advances REE drilling at Palmares and Azimuth in Brazil

Core Viewpoint - Magnum Mining and Exploration has resumed drilling activities at its rare earth exploration projects in Brazil, specifically at Palmares and Azimuth, following a planned shutdown during the Brazilian Recesso period [1] Group 1: Palmares Project - The company has completed 15 reverse circulation (RC) drill-holes totaling 225 meters at the high-grade Feirinha Prospect, although initial progress was hindered by rain [2] - To enhance drilling productivity, Magnum Mining plans to implement round-the-clock operations with two RC drill crews working in alternating 12-hour shifts, aiming to significantly increase exploration rates [2] - The first batch of samples from the Feirinha Prospect is prepared for assaying, with results expected by the end of January; previous trench samples graded up to 1.69% total rare earth oxides (TREO) [3] Group 2: Azimuth Project - At the Azimuth project, 13 auger holes have been completed for a total of 155 meters, with the average depth increasing from 5 meters to 12 meters, focusing on the priority Piracanjuba prospect [4] - Drilling at Azimuth has been extended to greater depths where visual soil characteristics indicated favorable horizons for REE mineralization [4] - The first batch of samples from Azimuth has been sent to ALS Laboratory for assaying, with results also anticipated by the end of January; plans are in place to mobilize a second auger rig for full-time operations [5]