OzAurum Resources Ltd (ASX:OZM) CEO Andrew Pumphrey talks JustStocks Video through an update on its Brazil exploration and the newly identified Niobium anomaly at the Salitre Project.

The Salitre and Catalao Niobium REE Projects were identified as prospective areas for carbonatite intrusion-related niobium mineralisation and are situated within the Alto Paranaba Magmatic Province (APMP).

The APMP hosts 97% of worldwide niobium production, all from carbonatite intrusions.

The Salitre Project is adjacent to the Salitre and Serra Negra carbonatite complexes that host significant niobium and phosphate mineral resources.

Open pit mining and processing at the Salitre carbonatite produces phosphate, which
in turn hosts niobium and rare earth minerals.