# PNN: EXCEPTIONAL RESULTS FROM NEW HOLE AT MDF UP TO 40.5% TREO Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153844 Publisher: asx Original announcement: 2026-10-18T22:16:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-18T23:22:25.401Z Atlas analysis updated: 2026-10-18T23:22:25.401Z - Company: Power Minerals Limited - Ticker: PNN - Exchange: ASX - Region: Brazil - Primary commodity: Rare earths - Secondary commodities: Magnet rare earth oxides - Document categories: Drill results - Extracted: 2026-10-18 23:22:26 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Power Minerals has announced exceptional high-grade rare earth drill results from the new hole MFSR-057 at its Morro do Ferro Project in Brazil. The standout intercept is 1.2m at 40.5% TREO and 7.73% MREO from 42m, representing the highest individual sample grade at the project. This new drilling extends mineralization and confirms continuity, providing crucial data for an upcoming maiden JORC Mineral Resource estimate. Reasoning: Power Minerals has reported exceptional high-grade rare earth drill results from the new hole MFSR-057 at its Morro do Ferro Project in Brazil, including 1.2m at 40.5% TREO and 7.73% MREO, which is the highest individual sample grade recorded. This new hole, along with other significant broad intercepts, extends known mineralization and provides critical data for an upcoming maiden JORC Mineral Resource estimate, indicating high materiality and novelty. The results are supported by robust QA/QC protocols and a JORC-compliant Competent Person sign-off. - Positive factor: Exceptional high-grade rare earth intercepts, including the highest individual sample grade at Morro do Ferro to date. - Positive factor: Broad zones of significant rare earth mineralization from surface. - Positive factor: New drillhole MFSR-057 extends mineralization and confirms continuity between sections. - Positive factor: Results support the calculation of a maiden JORC Mineral Resource estimate. - Positive factor: Comprehensive QA/QC procedures disclosed, including certified lab, blanks, standards, and duplicates. - Negative factor: Intercept lengths are downhole and may not represent true width. Facts used in scoring: 54 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercept of 1.2m at 40.5% TREO is exceptionally high-grade, well above the deposit-type norm and noted as the highest individual sample at Morro do Ferro. Evidence · text > 1.2m at 40.5% TREO with 7.73% MREO in whole rock from 42m, the highest individual sample at Morro do Ferro. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release details QA/QC procedures including the use of a certified laboratory \(SGS Geosol\), blind blanks, duplicate samples, and OREAS certified standards. Evidence · text > Geochemical analysis for Morro do Ferro's seventh drillhole by Power Minerals was completed by SGS Geosol Laboratory, Vespasiano, Minas Gerais \(MG\), Brazil. This commercial laboratory is independent and is certified to ISO 9001:2015 and ISO 14001:2015. The laboratory batches included four blind blanks \(two were CRM\), six blind duplicate samples and six OREAS certified standards. There are also five laboratory repeat analyses by SGS Geosol. All QC results were well within acceptable limits. **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: The release states that interval results are weighted averages by distance across the full reported length, with no upper or lower cut-offs unless specified. Evidence · text > The interval results mentioned in this announcement are weighted averages by distance of all samples across the full reported length, with no upper or lower cut-offs unless specified. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The release explicitly states that reported widths are downhole and may not represent true width. Evidence · text > widths are downhole and may not represent true width. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drillhole MFSR-057 was located northwest of the Base Section to assess and extend the mineralisation continuity between section lines. Evidence · text > REO mineralisation has been extended in depth between section lines, northwest of the initial drilling Base Section **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: Drillhole MFSR-057 confirms the continuation of high-grade mineralisation between sections, assisting future resource estimation. Evidence · text > Confirms the continuation of high-grade mineralisation between sections, assisting future resource estimation **Maiden Resource** Polarity: neutral Story-specific tag Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The results from MFSR-057 are explicitly stated to help support the calculation of a maiden JORC Mineral Resource estimate. Evidence · text > help support the calculation of a maiden JORC Mineral Resource estimate at MdF. **JORC Compliant** Polarity: positive Story-specific tag Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The information is based on and fairly represents information prepared by a FAusIMM Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Evidence · text > Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: Results for drillholes MFSR-051 to MFSR-056 are explicitly stated to have been released in previous ASX announcements. Evidence · text > Results for MFSR-051 to MFSR-056 in ASX announcements dated 31 July, 24 and 27 August, 4, 7 and 29 September, and 6 and 14 October 2026. ## Extracted facts Stored fact records: 54. Some facts used in scoring do not have a stored record. ## Drill Results (54) ### MFSR-057 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-0) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-057 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 8.25 - Grade Unit: % - Intercept: 111 m - From: 0 m - To: 111 m - Hole Depth: 170.5 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-057:0-111 - Mining Method: open\_pit #### Location - Easting: 341815 - Northing: 7575923 - CRS: WGS84, Zone 23 South - Elevation: 1524.5 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 111m at 8.25% TREO from surface in a new hole is a strong result, indicating significant mineralization and supporting future resource estimation. The grade is well above the project average for rare earths. - Positive factor: Broad intercept of high-grade rare earth mineralization from surface. - Positive factor: Contributes to understanding of mineralization continuity for resource estimation. - Negative factor: Downhole length, true width not known. Evidence · table > 8.25 Context: 111 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-057 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-1) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-057 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.28 - Grade Unit: % - Intercept: 111 m - From: 0 m - To: 111 m - Hole Depth: 170.5 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-057:0-111 - Mining Method: open\_pit #### Location - Easting: 341815 - Northing: 7575923 - CRS: WGS84, Zone 23 South - Elevation: 1524.5 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 111m at 1.28% MREO from surface in a new hole is a good result, indicating significant mineralization, though the grade is slightly below the project average for MREO. It supports future resource estimation. - Positive factor: Broad intercept of magnet rare earth oxides from surface. - Positive factor: Contributes to understanding of mineralization continuity for resource estimation. - Negative factor: Grade is slightly below the project average for MREO. - Negative factor: Downhole length, true width not known. Evidence · table > 1.28 Context: 111 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-057 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-2) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-057 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 15.42 - Grade Unit: % - Intercept: 51 m - From: 24 m - To: 75 m - Hole Depth: 170.5 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-057:24-75 - Mining Method: open\_pit #### Location - Easting: 341815 - Northing: 7575923 - CRS: WGS84, Zone 23 South - Elevation: 1524.5 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 51m at 15.42% TREO is a very strong result, with a grade significantly higher than the project's best prior grade, indicating excellent mineralization within the broader zone and supporting resource definition. - Positive factor: Very high-grade rare earth intercept over a significant width. - Positive factor: Grade is significantly above the project average and best prior grade for rare earths. - Positive factor: Contributes to understanding of mineralization continuity for resource estimation. - Negative factor: Downhole length, true width not known. Evidence · table > 15.42 Context: 51 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-057 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-3) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-057 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.43 - Grade Unit: % - Intercept: 51 m - From: 24 m - To: 75 m - Hole Depth: 170.5 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-057:24-75 - Mining Method: open\_pit #### Location - Easting: 341815 - Northing: 7575923 - CRS: WGS84, Zone 23 South - Elevation: 1524.5 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 51m at 2.43% MREO is a strong result, with a grade significantly above the project average for magnet rare earth oxides, contributing positively to the overall mineralization profile. - Positive factor: High-grade magnet rare earth oxide intercept over a significant width. - Positive factor: Grade is above the project average for MREO and close to the best prior grade. - Negative factor: Downhole length, true width not known. Evidence · table > 2.43 Context: 51 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-057 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-4) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-057 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 20.4 - Grade Unit: % - Intercept: 15 m - From: 42 m - To: 57 m - Hole Depth: 170.5 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-057:42-57 - Mining Method: open\_pit #### Location - Easting: 341815 - Northing: 7575923 - CRS: WGS84, Zone 23 South - Elevation: 1524.5 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 15m at 20.4% TREO is a very strong result, with a grade significantly above the project average and close to the best prior grade for rare earths, indicating excellent mineralization. - Positive factor: Very high-grade rare earth intercept over a good width. - Positive factor: Grade is significantly above the project average and close to the best prior grade for rare earths. - Negative factor: Downhole length, true width not known. Evidence · table > 20.4 Context: 15 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-057 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-5) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-057 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3 - Grade Unit: % - Intercept: 15 m - From: 42 m - To: 57 m - Hole Depth: 170.5 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-057:42-57 - Mining Method: open\_pit #### Location - Easting: 341815 - Northing: 7575923 - CRS: WGS84, Zone 23 South - Elevation: 1524.5 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 15m at 3.0% MREO is a strong result, with a grade significantly above the project average for magnet rare earth oxides, contributing positively to the overall mineralization profile. - Positive factor: High-grade magnet rare earth oxide intercept over a good width. - Positive factor: Grade is above the project average for MREO and close to the best prior grade. - Negative factor: Downhole length, true width not known. Evidence · table > 3.0 Context: 15 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-057 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-6) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-057 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 40.5 - Grade Unit: % - Intercept: 1.2 m - From: 42 m - To: 43.2 m - Hole Depth: 170.5 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-057:42-43.2 - Mining Method: open\_pit #### Location - Easting: 341815 - Northing: 7575923 - CRS: WGS84, Zone 23 South - Elevation: 1524.5 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 1.2m at 40.5% TREO is an exceptional, bonanza-grade result, representing the highest individual sample grade ever recorded at the Morro do Ferro Project, indicating extremely high-grade mineralization. - Positive factor: Bonanza grade rare earth intercept, highest individual sample at Morro do Ferro. - Positive factor: Grade is significantly higher than any prior rare earth intercept at the project. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. Evidence · table > 40.5 Context: 1.2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-057 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-7) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-057 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 7.73 - Grade Unit: % - Intercept: 1.2 m - From: 42 m - To: 43.2 m - Hole Depth: 170.5 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-057:42-43.2 - Mining Method: open\_pit #### Location - Easting: 341815 - Northing: 7575923 - CRS: WGS84, Zone 23 South - Elevation: 1524.5 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 1.2m at 7.73% MREO is an exceptional, bonanza-grade result, representing the highest individual sample grade ever recorded for magnet rare earth oxides at the Morro do Ferro Project. - Positive factor: Exceptional high-grade magnet rare earth oxide intercept, highest individual sample at Morro do Ferro. - Positive factor: Grade is significantly higher than any prior MREO intercept at the project. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. Evidence · table > 7.73 Context: 1.2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-056 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-8) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-056 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.94 - Grade Unit: % - Intercept: 119 m - From: 0 m - To: 119 m - Hole Depth: 202.2 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-056:0-119 - Mining Method: open\_pit #### Location - Easting: 341816 - Northing: 7575970 - CRS: WGS84, Zone 23 South - Elevation: 1534.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 119m at 4.94% TREO is a good width but the grade is below the project average for rare earths. It is a historical result re-reported for context. - Positive factor: Broad intercept of rare earth mineralization from surface. - Negative factor: Grade is below the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 4.94 Context: 119 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-056 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-9) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-056 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.89 - Grade Unit: % - Intercept: 119 m - From: 0 m - To: 119 m - Hole Depth: 202.2 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-056:0-119 - Mining Method: open\_pit #### Location - Easting: 341816 - Northing: 7575970 - CRS: WGS84, Zone 23 South - Elevation: 1534.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 119m at 0.89% MREO is a good width but the grade is below the project average for magnet rare earth oxides. It is a historical result re-reported for context. - Positive factor: Broad intercept of magnet rare earth oxides from surface. - Negative factor: Grade is below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 0.89 Context: 119 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-056 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-10) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-056 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 12.31 - Grade Unit: % - Intercept: 10 m - From: 41 m - To: 51 m - Hole Depth: 202.2 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-056:41-51 - Mining Method: open\_pit #### Location - Easting: 341816 - Northing: 7575970 - CRS: WGS84, Zone 23 South - Elevation: 1534.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 10m at 12.31% TREO is a strong historical result, with a grade significantly above the project average for rare earths. - Positive factor: High-grade rare earth intercept over a good width. - Positive factor: Grade is significantly above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 12.31 Context: 10 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-056 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-11) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-056 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.88 - Grade Unit: % - Intercept: 10 m - From: 41 m - To: 51 m - Hole Depth: 202.2 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-056:41-51 - Mining Method: open\_pit #### Location - Easting: 341816 - Northing: 7575970 - CRS: WGS84, Zone 23 South - Elevation: 1534.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 10m at 1.88% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides. - Positive factor: High-grade magnet rare earth oxide intercept over a good width. - Positive factor: Grade is above the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.88 Context: 10 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-12) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 7.72 - Grade Unit: % - Intercept: 91 m - From: 0 m - To: 91 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-055:0-91 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1513.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 91m at 7.72% TREO is a strong historical result, with a grade above the project average for rare earths. - Positive factor: Broad intercept of high-grade rare earth mineralization from surface. - Positive factor: Grade is above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 7.72 Context: 91 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-13) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.39 - Grade Unit: % - Intercept: 91 m - From: 0 m - To: 91 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-055:0-91 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1513.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 91m at 1.39% MREO is a good width but the grade is slightly below the project average for magnet rare earth oxides. It is a historical result re-reported for context. - Positive factor: Broad intercept of magnet rare earth oxides from surface. - Negative factor: Grade is slightly below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.39 Context: 91 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-14) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 17.52 - Grade Unit: % - Intercept: 23.1 m - From: 13 m - To: 36.1 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-055:13-36.1 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1513.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 23.1m at 17.52% TREO is a very strong historical result, with a grade significantly above the project average and close to the best prior grade for rare earths. - Positive factor: Very high-grade rare earth intercept over a good width. - Positive factor: Grade is significantly above the project average and close to the best prior grade for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 17.52 Context: 23.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-15) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3.2 - Grade Unit: % - Intercept: 23.1 m - From: 13 m - To: 36.1 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-055:13-36.1 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1513.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 23.1m at 3.2% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides. - Positive factor: High-grade magnet rare earth oxide intercept over a good width. - Positive factor: Grade is above the project average for MREO and close to the best prior grade. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 3.20 Context: 23.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-16) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 22.6 - Grade Unit: % - Intercept: 2 m - From: 25 m - To: 27 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-055:25-27 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1513.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 22.6% TREO is a very strong historical result, with a grade significantly above the project average and close to the best prior grade for rare earths. - Positive factor: Very high-grade rare earth intercept. - Positive factor: Grade is significantly above the project average and close to the best prior grade for rare earths. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 22.6 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-17) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.32 - Grade Unit: % - Intercept: 2 m - From: 25 m - To: 27 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-055:25-27 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1513.7 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 4.32% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides and close to the best prior grade. - Positive factor: High-grade magnet rare earth oxide intercept. - Positive factor: Grade is above the project average for MREO and close to the best prior grade. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 4.32 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-18) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 6.33 - Grade Unit: % - Intercept: 88 m - From: 0 m - To: 88 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:0-88 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 88m at 6.33% TREO is a strong historical result, with a grade above the project average for rare earths. - Positive factor: Broad intercept of high-grade rare earth mineralization from surface. - Positive factor: Grade is above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 6.33 Context: 88 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-19) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.19 - Grade Unit: % - Intercept: 88 m - From: 0 m - To: 88 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:0-88 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 88m at 1.19% MREO is a good width but the grade is below the project average for magnet rare earth oxides. It is a historical result re-reported for context. - Positive factor: Broad intercept of magnet rare earth oxides from surface. - Negative factor: Grade is below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.19 Context: 88 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-20) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 9 - Grade Unit: % - Intercept: 50 m - From: 0 m - To: 50 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:0-50 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 50m at 9.0% TREO is a strong historical result, with a grade above the project average for rare earths. - Positive factor: High-grade rare earth intercept over a significant width. - Positive factor: Grade is above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 9.0 Context: 50 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-21) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.56 - Grade Unit: % - Intercept: 50 m - From: 0 m - To: 50 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:0-50 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 50m at 1.56% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides. - Positive factor: High-grade magnet rare earth oxide intercept over a significant width. - Positive factor: Grade is above the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.56 Context: 50 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-22) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 12.05 - Grade Unit: % - Intercept: 20 m - From: 18 m - To: 38 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:18-38 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 20m at 12.05% TREO is a strong historical result, with a grade significantly above the project average for rare earths. - Positive factor: High-grade rare earth intercept over a good width. - Positive factor: Grade is significantly above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 12.05 Context: 20 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-23) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.18 - Grade Unit: % - Intercept: 20 m - From: 18 m - To: 38 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:18-38 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 20m at 2.18% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides. - Positive factor: High-grade magnet rare earth oxide intercept over a good width. - Positive factor: Grade is above the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 2.18 Context: 20 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-24) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.06 - Grade Unit: % - Intercept: 93 m - From: 88 m - To: 181 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:88-181 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 93m at 1.06% TREO is a wide zone but the grade is significantly below the project average for rare earths. It is a historical result re-reported for context. - Positive factor: Broad intercept of rare earth mineralization. - Negative factor: Grade is significantly below the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.06 Context: 93 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-25) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.23 - Grade Unit: % - Intercept: 93 m - From: 88 m - To: 181 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:88-181 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 93m at 0.23% MREO is a wide zone but the grade is significantly below the project average for magnet rare earth oxides. It is a historical result re-reported for context. - Positive factor: Broad intercept of magnet rare earth oxides. - Negative factor: Grade is significantly below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 0.23 Context: 93 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-26) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.32 - Grade Unit: % - Intercept: 5 m - From: 181 m - To: 186 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:181-186 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 5m at 4.32% TREO is a moderate historical result, with a grade below the project average for rare earths. It is re-reported for context. - Positive factor: Intercept of rare earth mineralization. - Negative factor: Grade is below the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 4.32 Context: 5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-27) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.13 - Grade Unit: % - Intercept: 5 m - From: 181 m - To: 186 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:181-186 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 5m at 1.13% MREO is a moderate historical result, with a grade below the project average for magnet rare earth oxides. It is re-reported for context. - Positive factor: Intercept of magnet rare earth oxides. - Negative factor: Grade is below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.13 Context: 5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-28) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 7.85 - Grade Unit: % - Intercept: 2 m - From: 184 m - To: 186 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:184-186 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 7.85% TREO is a strong historical result, with a grade above the project average for rare earths. - Positive factor: High-grade rare earth intercept. - Positive factor: Grade is above the project average for rare earths. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 7.85 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-054 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-29) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-054 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.11 - Grade Unit: % - Intercept: 2 m - From: 184 m - To: 186 m - Hole Depth: 253.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-054:184-186 - Mining Method: open\_pit #### Location - Easting: 341805 - Northing: 7575870 - CRS: WGS84, Zone 23 South - Elevation: 1512.1 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 2.11% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides. - Positive factor: High-grade magnet rare earth oxide intercept. - Positive factor: Grade is above the project average for MREO. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 2.11 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-053 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-30) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-053 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.15 - Grade Unit: % - Intercept: 108.55 m - From: 0 m - To: 119.3 m - Hole Depth: 209.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-053:0-119.3 - Mining Method: open\_pit #### Location - Easting: 341834 - Northing: 7575904 - CRS: WGS84, Zone 23 South - Elevation: 1518.7 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 108.55m at 4.15% TREO is a wide zone but the grade is below the project average for rare earths. It is a historical result re-reported for context. - Positive factor: Broad intercept of rare earth mineralization from surface. - Negative factor: Grade is below the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 4.15 Context: 108.55\* #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-053 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-31) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-053 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.82 - Grade Unit: % - Intercept: 108.55 m - From: 0 m - To: 119.3 m - Hole Depth: 209.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-053:0-119.3 - Mining Method: open\_pit #### Location - Easting: 341834 - Northing: 7575904 - CRS: WGS84, Zone 23 South - Elevation: 1518.7 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 108.55m at 0.82% MREO is a wide zone but the grade is significantly below the project average for magnet rare earth oxides. It is a historical result re-reported for context. - Positive factor: Broad intercept of magnet rare earth oxides from surface. - Negative factor: Grade is significantly below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 0.82 Context: 108.55\* #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-053 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-32) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-053 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 9.01 - Grade Unit: % - Intercept: 29.25 m - From: 0 m - To: 35 m - Hole Depth: 209.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-053:0-35 - Mining Method: open\_pit #### Location - Easting: 341834 - Northing: 7575904 - CRS: WGS84, Zone 23 South - Elevation: 1518.7 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 29.25m at 9.01% TREO is a strong historical result, with a grade above the project average for rare earths. - Positive factor: High-grade rare earth intercept over a good width. - Positive factor: Grade is above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 9.01 Context: 29.25\* #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-053 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-33) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-053 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.32 - Grade Unit: % - Intercept: 29.25 m - From: 0 m - To: 35 m - Hole Depth: 209.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-053:0-35 - Mining Method: open\_pit #### Location - Easting: 341834 - Northing: 7575904 - CRS: WGS84, Zone 23 South - Elevation: 1518.7 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 29.25m at 1.32% MREO is a good historical result, with a grade slightly below the project average for magnet rare earth oxides. - Positive factor: Intercept of magnet rare earth oxides over a good width. - Negative factor: Grade is slightly below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.32 Context: 29.25\* #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-053 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-34) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-053 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 9.34 - Grade Unit: % - Intercept: 6.45 m - From: 69.55 m - To: 76 m - Hole Depth: 209.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-053:69.55-76 - Mining Method: open\_pit #### Location - Easting: 341834 - Northing: 7575904 - CRS: WGS84, Zone 23 South - Elevation: 1518.7 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 6.45m at 9.34% TREO is a strong historical result, with a grade above the project average for rare earths. - Positive factor: High-grade rare earth intercept over a moderate width. - Positive factor: Grade is above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 9.34 Context: 6.45 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-053 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-35) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-053 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.87 - Grade Unit: % - Intercept: 6.45 m - From: 69.55 m - To: 76 m - Hole Depth: 209.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-053:69.55-76 - Mining Method: open\_pit #### Location - Easting: 341834 - Northing: 7575904 - CRS: WGS84, Zone 23 South - Elevation: 1518.7 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 6.45m at 2.87% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides and close to the best prior grade. - Positive factor: High-grade magnet rare earth oxide intercept over a moderate width. - Positive factor: Grade is above the project average for MREO and close to the best prior grade. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 2.87 Context: 6.45 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-053 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-36) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-053 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 17.98 - Grade Unit: % - Intercept: 2 m - From: 12 m - To: 14 m - Hole Depth: 209.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-053:12-14 - Mining Method: open\_pit #### Location - Easting: 341834 - Northing: 7575904 - CRS: WGS84, Zone 23 South - Elevation: 1518.7 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 17.98% TREO is a very strong historical result, with a grade significantly above the project average and close to the best prior grade for rare earths. - Positive factor: Very high-grade rare earth intercept. - Positive factor: Grade is significantly above the project average and close to the best prior grade for rare earths. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 17.98 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-053 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-37) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-053 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.98 - Grade Unit: % - Intercept: 2 m - From: 12 m - To: 14 m - Hole Depth: 209.55 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-053:12-14 - Mining Method: open\_pit #### Location - Easting: 341834 - Northing: 7575904 - CRS: WGS84, Zone 23 South - Elevation: 1518.7 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 1.98% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides. - Positive factor: High-grade magnet rare earth oxide intercept. - Positive factor: Grade is above the project average for MREO. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.98 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-38) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.31 - Grade Unit: % - Intercept: 137 m - From: 0 m - To: 137 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:0-137 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 137m at 4.31% TREO is a wide zone but the grade is below the project average for rare earths. It is a historical result re-reported for context. - Positive factor: Broad intercept of rare earth mineralization from surface. - Negative factor: Grade is below the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 4.31 Context: 137 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-39) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.73 - Grade Unit: % - Intercept: 137 m - From: 0 m - To: 137 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:0-137 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 137m at 0.73% MREO is a wide zone but the grade is significantly below the project average for magnet rare earth oxides. It is a historical result re-reported for context. - Positive factor: Broad intercept of magnet rare earth oxides from surface. - Negative factor: Grade is significantly below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 0.73 Context: 137 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-40) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 5.45 - Grade Unit: % - Intercept: 105 m - From: 0 m - To: 105 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:0-105 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 105m at 5.45% TREO is a wide zone but the grade is slightly below the project average for rare earths. It is a historical result re-reported for context. - Positive factor: Broad intercept of rare earth mineralization from surface. - Negative factor: Grade is slightly below the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 5.45 Context: 105 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-41) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.93 - Grade Unit: % - Intercept: 105 m - From: 0 m - To: 105 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:0-105 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 105m at 0.93% MREO is a wide zone but the grade is below the project average for magnet rare earth oxides. It is a historical result re-reported for context. - Positive factor: Broad intercept of magnet rare earth oxides from surface. - Negative factor: Grade is below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 0.93 Context: 105 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-42) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 9.87 - Grade Unit: % - Intercept: 53 m - From: 0 m - To: 53 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:0-53 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 53m at 9.87% TREO is a strong historical result, with a grade above the project average for rare earths. - Positive factor: High-grade rare earth intercept over a significant width. - Positive factor: Grade is above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 9.87 Context: 53 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-43) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.69 - Grade Unit: % - Intercept: 53 m - From: 0 m - To: 53 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:0-53 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 53m at 1.69% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides. - Positive factor: High-grade magnet rare earth oxide intercept over a significant width. - Positive factor: Grade is above the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.69 Context: 53 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-44) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 13.04 - Grade Unit: % - Intercept: 26.9 m - From: 19 m - To: 45.9 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:19-45.9 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 26.9m at 13.04% TREO is a strong historical result, with a grade significantly above the project average for rare earths. - Positive factor: High-grade rare earth intercept over a good width. - Positive factor: Grade is significantly above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 13.04 Context: 26.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-45) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.4 - Grade Unit: % - Intercept: 26.9 m - From: 19 m - To: 45.9 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:19-45.9 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 26.9m at 2.4% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides and close to the best prior grade. - Positive factor: High-grade magnet rare earth oxide intercept over a good width. - Positive factor: Grade is above the project average for MREO and close to the best prior grade. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 2.40 Context: 26.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-46) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 19.51 - Grade Unit: % - Intercept: 2 m - From: 39 m - To: 41 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:39-41 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 19.51% TREO is a very strong historical result, with a grade significantly above the project average and close to the best prior grade for rare earths. - Positive factor: Very high-grade rare earth intercept. - Positive factor: Grade is significantly above the project average and close to the best prior grade for rare earths. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 19.51 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-052 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-47) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-052 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3.96 - Grade Unit: % - Intercept: 2 m - From: 39 m - To: 41 m - Hole Depth: 173.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-052:39-41 - Mining Method: open\_pit #### Location - Easting: 341820 - Northing: 7575892 - CRS: WGS84, Zone 23 South - Elevation: 1517.9 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 3.96% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides and close to the best prior grade. - Positive factor: High-grade magnet rare earth oxide intercept. - Positive factor: Grade is above the project average for MREO and close to the best prior grade. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 3.96 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-051 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-48) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-051 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.78 - Grade Unit: % - Intercept: 116 m - From: 0 m - To: 116 m - Hole Depth: 210.9 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-051:0-116 - Mining Method: open\_pit #### Location - Easting: 341842 - Northing: 7575913 - CRS: WGS84, Zone 23 South - Elevation: 1519.3 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 116m at 4.78% TREO is a wide zone but the grade is below the project average for rare earths. It is a historical result re-reported for context. - Positive factor: Broad intercept of rare earth mineralization from surface. - Negative factor: Grade is below the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 4.78 Context: 116 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-051 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-49) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-051 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.78 - Grade Unit: % - Intercept: 116 m - From: 0 m - To: 116 m - Hole Depth: 210.9 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-051:0-116 - Mining Method: open\_pit #### Location - Easting: 341842 - Northing: 7575913 - CRS: WGS84, Zone 23 South - Elevation: 1519.3 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This broad intercept of 116m at 0.78% MREO is a wide zone but the grade is significantly below the project average for magnet rare earth oxides. It is a historical result re-reported for context. - Positive factor: Broad intercept of magnet rare earth oxides from surface. - Negative factor: Grade is significantly below the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 0.78 Context: 116 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-051 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-50) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-051 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 10 - Grade Unit: % - Intercept: 31 m - From: 14 m - To: 45 m - Hole Depth: 210.9 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-051:14-45 - Mining Method: open\_pit #### Location - Easting: 341842 - Northing: 7575913 - CRS: WGS84, Zone 23 South - Elevation: 1519.3 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 31m at 10.0% TREO is a strong historical result, with a grade above the project average for rare earths. - Positive factor: High-grade rare earth intercept over a good width. - Positive factor: Grade is above the project average for rare earths. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 10 Context: 31 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-051 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-51) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-051 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.58 - Grade Unit: % - Intercept: 31 m - From: 14 m - To: 45 m - Hole Depth: 210.9 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-051:14-45 - Mining Method: open\_pit #### Location - Easting: 341842 - Northing: 7575913 - CRS: WGS84, Zone 23 South - Elevation: 1519.3 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 31m at 1.58% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides. - Positive factor: High-grade magnet rare earth oxide intercept over a good width. - Positive factor: Grade is above the project average for MREO. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 1.58 Context: 31 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-051 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-52) Morro do Ferro · rare\_earths Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-051 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 18.12 - Grade Unit: % - Intercept: 2 m - From: 37 m - To: 39 m - Hole Depth: 210.9 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-051:37-39 - Mining Method: open\_pit #### Location - Easting: 341842 - Northing: 7575913 - CRS: WGS84, Zone 23 South - Elevation: 1519.3 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 18.12% TREO is a very strong historical result, with a grade significantly above the project average and close to the best prior grade for rare earths. - Positive factor: Very high-grade rare earth intercept. - Positive factor: Grade is significantly above the project average and close to the best prior grade for rare earths. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 18.12 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MFSR-051 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-exceptional-results-from-new-hole-at-mdf-up-to-40-5-treo--8ab93058-4cf5-46e9-b7f2-41a76746a267#fact-drill-facts-53) Morro do Ferro · magnet\_rare\_earth\_oxides Historical result Needs review: historical\_restatement #### Identity - Hole ID: MFSR-051 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3.66 - Grade Unit: % - Intercept: 2 m - From: 37 m - To: 39 m - Hole Depth: 210.9 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: resource - Sample Type: drill - Group ID: MFSR-051:37-39 - Mining Method: open\_pit #### Location - Easting: 341842 - Northing: 7575913 - CRS: WGS84, Zone 23 South - Elevation: 1519.3 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-14T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept of 2m at 3.66% MREO is a strong historical result, with a grade above the project average for magnet rare earth oxides and close to the best prior grade. - Positive factor: High-grade magnet rare earth oxide intercept. - Positive factor: Grade is above the project average for MREO and close to the best prior grade. - Negative factor: Narrow intercept length. - Negative factor: Downhole length, true width not known. - Negative factor: Historical result, re-reported for context. Evidence · table > 3.66 Context: 2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.