Applications have been lodged for 50,000ha of tenure prospective for Niobium and REE adjacent to known Brazil carbonatite complexes at Catalao II Project and Salitre which are currently being mined for Niobium and Phosphates.
Niobium and REE targets within OZM tenure have been identified with 7 interpreted circular features.
Brazil Niobium and REE Projects
Catalao and Salitre Niobium and REE Projects
100% OZM owned Brazil Salitre niobium soil sampling results with anomalous niobium mineralisation in soil extending for 1km in strike length.
Peak Niobium soil value of 190 ppm and 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.
Soil sampling was designed to investigate circular features and targets generated from recently complete hyperspectral interpretation over the Salitre project area.
Ultraviolet interpretation and targeting was undertaken by Dr Neil Pendock of Dirt Exploration, Cape Town. UV detects the presence of fluorite, which is commonly associated with carbonatite complexes and is specifically a signature of carbonatites in this area of Brazil.
OZM is targeting carbonatite intrusion hosted Niobium and REE mineralisation at Saltire and Catalao.
The Saltire and Catalao projects are situated within the Alto Paranaba Magmatic Province (APMP), a prolific host of carbonatite intrusions that accounts for 97% of worldwide niobium production – all hosted in carbonatite intrusions.
Follow-up soil sampling program planned to commence in coming weeks and company owned diamond drilling rig and crew on standby, subject to environmental permitting and access.
CEO and Managing Director, Andrew Pumphrey, commented:
“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.”
