MGU

Non-deal roadshow recap of IAC REE discovery and Parker Au-Cu projects; confirms prior drilling (all 24 holes hit REE mineralisation at Piracanjuba North) and emphasises 'mild leaching, high desorption' REE chemistry. No new assays, valuation update, or capital raise disclosed—a consolidation/investor engagement event on a stock already down 22% and sitting 36% off 252d high.

MGU has defined a 32.5 km² priority plateau zone with consistent ionic-adsorption clay REE mineralisation (115 ppm mean D-TREO, 18% desorption) and enriched magnet rare earth tenor (32.5% MREO in desorbed fraction). Maiden JORC resource due November; 400+ assay results still pending, offering upside surprise potential.

MGU has confirmed broad, anomalous TREO mineralisation across 8.3 km² at Feirinha with shallow intercepts reaching 2,190 ppm TREO head-grade (19.3% NdPr); next step is desorption/recoverability test work, while flagship Piracanjuba resource estimate remains on track for November. Results are encouraging for a grassroots-stage project but require lab-scale processing validation before any economic narrative emerges.

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