REG - Harvest Minerals Ltd - Update on Rare Earth Exploration

Harvest MineralsAnnouncement

19/06/2025 07:00

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RNS Number : 4768N  Harvest Minerals Limited  19 June 2025

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

19 June 2025

Harvest Minerals Limited ('Harvest' or the 'Company')

 

UPDATE ON RARE EARTH EXPLORATION

 

Harvest Minerals Limited, the AIM listed fertiliser producer, provides an
update on the latest REE exploration activities at its 100% owned Arapuá
Project in Brazil ('Arapuá').

 

OVERVIEW

 

§ Exploration work to date has been conducted in consultation with PVW
Resources Limited ("PVW"), through the cooperation agreement previously
announced.

§ A further 36 historical samples were selected in consultation with PVW and
sent for analysis.

§ Encouraging average TREO concentrations ranging from 2,110.53 to 2,656.99
ppm.

§ Confirmation of REE presence in "Bone" lithotype.

§ TiO₂ grades within the mineralized TREO intervals range from 12.55% to
15.42%.

§ Further RC Drilling and Sampling is planned.

§ Given the continued encouraging results, Harvest has advised PVW Resources
that it will accelerate exploration activity directly as contemplated by the
cooperation agreement

Brian McMaster, Chairman of Harvest, said: "Todays results continue the trend
of encouraging and exciting results from our Arapuá Rare Earth Elements
("REE") project.  Whilst we are delighted to benefit form the technical
expertise of PVW, Harvest will continue the next round of exploration directly
in order to accelerate the programme. We have created a high-impact, low-cost
exploration programme for the next phase, which is expected to get underway
shortly. This coincides with the recent uptick in the fertilizer business as
reported earlier this week (see RNS 16 June 2025).

FURTHER INFORMATION

 

A total of 36 additional historical samples from Pimentas I and Pimentas II
targets were analysed by SGS Geosol with Protocol IMS95A for 48 elements in a
new lithotype called "Bone" returning very promising results with average TREO
concentrations per drill hole ranging from 2,110.53 to 2,656.99 ppm.

                                     TREO (ppm)
 ID          Target       # Samples  Min.     Max      Avg
 PIMAD24-01  Pimentas II  8          1098.06  3943.06  2656.99
 PIMAD24-04  Pimentas II  8          154.47   3235.57  2110.53
 PIMAD24-17  Pimentas I   10         1525.64  4002.43  2347.26
 PIMAD24-22  Pimentas I   10         1463.64  4021.18  2529.07

Table 1: TREO Assays Results

Additionally, the TiO₂ grades within the mineralized TREO intervals range
from 12.55% to 15.42%. These results indicate a consistently high titanium
content associated with the rare earth mineralization.

 ID          Target       From  To    Interval  TREO (ppm)  TiO2 (%)
 PIMAD24-01  Pimentas II  3.00  8.00  5.00      3287.89     13,20
 PIMAD24-04  Pimentas II  0.00  5.00  5.00      3017.73     15,42
 PIMAD24-17  Pimentas I   0.00  4.00  4.00      2849.15     12,55
 PIMAD24-22  Pimentas I   1.00  6.00  6.00      3143.46     14,27

Table 2: TREO Drilling Intercepts and Assay Results

The next phase of exploration is due to commence in Q3 with an estimated cost
of US$100,000, which will be funded from existing resources, and is to drill
around 700 meters, generating around 700 samples, one for each meter and
conduct laboratory tests. It is expected the RC drilling programme will take
30-45 days from mobilisation, with subsequent lab results from the assays
reported shortly thereafter.

Qualified Person Statement

The technical information in this announcement is based on compiled and
reviewed data by Ms Rachel Bezerra BSc(geol), AusMIMM, MAIG. Ms Bezerra is a
consulting geologist for Harvest Minerals Limited and is a Member of AusMIMM -
The Minerals Institute, as well as a Member of Australian Institute of
Geoscientists. Ms Bezerra has sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the
activity which is being undertaken to qualify as a Competent Person as defined
in the 2012 Edition of the "Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves". s Bezerra also meets the
requirements of a qualified person under the AIM Note for Mining Companies and
consents to the inclusion in this announcement of the matters based on his
information in the form and context in which it appears. Ms Bezerra accepts
responsibility for the accuracy of the statements disclosed in this
announcement.

**ENDS**

 

For further information, please visit www.harvestminerals.net
(http://www.harvestminerals.net/)  or contact:

 

 Harvest Minerals Limited            Brian McMaster (Chairman)   Tel: +44 (0) 203 940 6625

 Strand Hanson Limited               Ritchie Balmer              Tel: +44 (0) 20 7409 3494

 Nominated & Financial Adviser       James Spinney

 Tavira Securities                   Jonathan Evans              Tel: +44 (0) 20 3192 1733

 Broker

 

 

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