# PNN: OUTSTANDING HIGH-GRADE RESULTS FROM NEW DRILLHOLE AT MDF Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152081 Publisher: asx Original announcement: 2026-10-13T22:23:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T23:22:07.140Z Atlas analysis updated: 2026-10-13T23:22:07.140Z - Company: Power Minerals Limited - Ticker: PNN - Exchange: ASX - Region: Brazil - Primary commodity: Rare earths - Secondary commodities: Magnet rare earth oxides - Document categories: Drill results, Agreement transaction - Extracted: 2026-10-13 23:22:07 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Power Minerals announced outstanding high-grade rare earth results from new drillhole MFSR-055 at its Morro do Ferro Project in Brazil, including 91m at 7.72% TREO and 1.39% MREO from surface. These results extend mineralization at depth and confirm continuity between sections, supporting a future maiden JORC resource estimate. Additionally, the company terminated its non-binding Joint Venture for the Salta Lithium Project in Argentina and is assessing other development options. Reasoning: Power Minerals reported outstanding high-grade rare earth results from new drillhole MFSR-055 at its Morro do Ferro Project, including 91m at 7.72% TREO from surface. These thick, high-grade intercepts extend mineralization at depth and between sections, providing strong support for a maiden JORC resource estimate. The results are highly material and novel, with robust QA/QC disclosure. - Positive factor: Exceptional high-grade intercepts for rare earths - Positive factor: Thick mineralization from surface - Positive factor: Extension of mineralization at depth - Positive factor: Supports future resource estimation - Positive factor: QP/CP signed off on results - Positive factor: Certified laboratory used for assays - Positive factor: Transparent compositing methodology - Negative factor: True width not reported - Negative factor: Some assay results still pending Facts used in scoring: 96 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 96. Some facts used in scoring do not have a stored record. ## Drill Results (96) ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-0) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 7.7 - 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: mixed - Sample Type: drill - Group ID: MFSR-055:0-91 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A very thick, high-grade intercept of 91m at 7.7% TREO from surface, significantly above the project average, indicating strong mineralization continuity and potential for resource growth. - Positive factor: Exceptional high-grade - Positive factor: Continuous thick intercept from surface - Positive factor: Supports resource estimation - Positive factor: Step-Out Extension - Negative factor: Apparent Width Only Evidence · text > 91m at 7.7% TREO with 1.4% MREO from surface #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-1) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.4 - 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: mixed - Sample Type: drill - Group ID: MFSR-055:0-91 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A very thick, high-grade intercept of 91m at 1.4% MREO from surface, above the project average, indicating strong mineralization continuity and potential for resource growth. - Positive factor: High-grade for MREO - Positive factor: Continuous thick intercept from surface - Positive factor: Supports resource estimation - Negative factor: Apparent Width Only Evidence · text > 91m at 7.7% TREO with 1.4% MREO from surface #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-2) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 11.1 - Grade Unit: % - Intercept: 62 m - From: 0 m - To: 62 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:0-62 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A very thick, high-grade intercept of 62m at 11.1% TREO from surface, significantly above the project average, indicating strong mineralization continuity and potential for resource growth. - Positive factor: Exceptional high-grade - Positive factor: Continuous thick intercept from surface - Positive factor: Supports resource estimation - Negative factor: Apparent Width Only Evidence · text > 62m at 11.1% TREO with 2% MREO from surface #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-3) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2 - Grade Unit: % - Intercept: 62 m - From: 0 m - To: 62 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:0-62 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A very thick, high-grade intercept of 62m at 2.0% MREO from surface, above the project average, indicating strong mineralization continuity and potential for resource growth. - Positive factor: High-grade for MREO - Positive factor: Continuous thick intercept from surface - Positive factor: Supports resource estimation - Negative factor: Apparent Width Only Evidence · text > 62m at 11.1% TREO with 2% MREO from surface #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-4) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 17.5 - Grade Unit: % - Intercept: 23.1 m - From: 13 m - To: 36.1 m - Hole Depth: 153.7 m - Intercept Depth: 13 m #### Classification - Deposit Type: other - Program: mixed - 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: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade intercept of 23.1m at 17.5% TREO, significantly exceeding prior best grades and indicating very high-grade zones within the deposit. - Positive factor: Bonanza Intercept - Positive factor: Exceptional high-grade - Positive factor: Thick intercept - Positive factor: Supports resource estimation - Negative factor: Apparent Width Only Evidence · text > 23.1m at 17.5% TREO With 3.2% MREO from 13m #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-5) Morro do Ferro · magnet\_rare\_earth\_oxides #### 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: 13 m #### Classification - Deposit Type: other - Program: mixed - 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: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A very high-grade intercept of 23.1m at 3.2% MREO, significantly above the project average, indicating strong mineralization continuity and potential for resource growth. - Positive factor: Exceptional high-grade for MREO - Positive factor: Thick intercept - Positive factor: Supports resource estimation - Negative factor: Apparent Width Only Evidence · text > 23.1m at 17.5% TREO With 3.2% MREO from 13m #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-6) Morro do Ferro · rare\_earths #### 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: 25 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:25-27 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade intercept of 2m at 22.6% TREO, representing the second-highest individual sample TREO at Morro do Ferro, indicating extremely high-grade zones. - Positive factor: Bonanza Intercept - Positive factor: Exceptional high-grade - Positive factor: Second-highest individual sample TREO - Negative factor: Apparent Width Only Evidence · text > 2m at 22.6% TREO from 25m is the second-highest individual sample TREO at Morro do Ferro #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-7) Morro do Ferro · magnet\_rare\_earth\_oxides #### 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: 25 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:25-27 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A very high-grade intercept of 2m at 4.32% MREO, representing the highest individual sample MREO, indicating extremely high-grade zones. - Positive factor: Exceptional high-grade for MREO - Positive factor: Highest individual sample MREO - Negative factor: Apparent Width Only Evidence · text > 4.32% \(43,228 ppm\) MREO from 25m in sample MFP-497 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-8) Morro do Ferro · rare\_earths #### 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: mixed - Sample Type: drill - Group ID: MFSR-055:0-91 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A very thick, high-grade intercept of 91m at 7.72% TREO from surface, significantly above the project average, indicating strong mineralization continuity and potential for resource growth. - Positive factor: Exceptional high-grade - Positive factor: Continuous thick intercept from surface - Positive factor: Supports resource estimation - Negative factor: Apparent Width Only 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-9) Morro do Ferro · magnet\_rare\_earth\_oxides #### 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: mixed - Sample Type: drill - Group ID: MFSR-055:0-91 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A very thick, high-grade intercept of 91m at 1.39% MREO from surface, above the project average, indicating strong mineralization continuity and potential for resource growth. - Positive factor: High-grade for MREO - Positive factor: Continuous thick intercept from surface - Positive factor: Supports resource estimation - Negative factor: Apparent Width Only 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-10) Morro do Ferro · rare\_earths #### 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: 13 m #### Classification - Deposit Type: other - Program: mixed - 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: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade intercept of 23.1m at 17.52% TREO, significantly exceeding prior best grades and indicating very high-grade zones within the deposit. - Positive factor: Bonanza Intercept - Positive factor: Exceptional high-grade - Positive factor: Thick intercept - Positive factor: Supports resource estimation - Negative factor: Apparent Width Only 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-11) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 8.7369 - Grade Unit: % - Intercept: 0.93 m - From: 0 m - To: 0.93 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:0-0.93 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 0.93m at 8.7369% TREO from surface, contributing to the overall high-grade nature of the hole. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 87369 Context: 0.93 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-12) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.7633 - Grade Unit: % - Intercept: 0.93 m - From: 0 m - To: 0.93 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:0-0.93 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 0.93m at 0.7633% MREO from surface. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 7633 Context: 0.93 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-13) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.4143 - Grade Unit: % - Intercept: 2.27 m - From: 0.93 m - To: 3.2 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:0.93-3.2 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A low-grade intercept of 2.27m at 0.4143% TREO, below the project average. - Negative factor: Low grade - Negative factor: Apparent Width Only Evidence · table > 4143 Context: 3.2 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-14) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.0157 - Grade Unit: % - Intercept: 2.27 m - From: 0.93 m - To: 3.2 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:0.93-3.2 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A low-grade intercept of 2.27m at 0.0157% MREO, below the project average. - Negative factor: Low grade - Negative factor: Apparent Width Only Evidence · table > 157 Context: 3.2 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-15) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.0477 - Grade Unit: % - Intercept: 1.8 m - From: 3.2 m - To: 5 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:3.2-5 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 1.8m at 4.0477% TREO, near the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 40477 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-16) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.2065 - Grade Unit: % - Intercept: 1.8 m - From: 3.2 m - To: 5 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:3.2-5 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 1.8m at 0.2065% MREO, below the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 2065 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-17) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 7.9317 - Grade Unit: % - Intercept: 2 m - From: 5 m - To: 7 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:5-7 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 7.9317% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 79317 Context: 7 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-18) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.5696 - Grade Unit: % - Intercept: 2 m - From: 5 m - To: 7 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:5-7 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 0.5696% MREO, below the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 5696 Context: 7 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-19) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 10.0399 - Grade Unit: % - Intercept: 2 m - From: 7 m - To: 9 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:7-9 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 10.0399% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 100399 Context: 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-20) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.0904 - Grade Unit: % - Intercept: 2 m - From: 7 m - To: 9 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:7-9 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 1.0904% MREO, below the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 10904 Context: 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-21) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 11.0069 - Grade Unit: % - Intercept: 2 m - From: 9 m - To: 11 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:9-11 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 11.0069% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 110069 Context: 11 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-22) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.8173 - Grade Unit: % - Intercept: 2 m - From: 9 m - To: 11 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:9-11 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 1.8173% MREO, above the project average. - Positive factor: High-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 18173 Context: 11 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-23) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 9.8833 - Grade Unit: % - Intercept: 2 m - From: 11 m - To: 13 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:11-13 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 9.8833% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 98833 Context: 13 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-24) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.4166 - Grade Unit: % - Intercept: 2 m - From: 11 m - To: 13 m - Hole Depth: 153.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:11-13 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 1.4166% MREO, near the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 14166 Context: 13 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-25) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 15.2899 - Grade Unit: % - Intercept: 2 m - From: 13 m - To: 15 m - Hole Depth: 153.7 m - Intercept Depth: 13 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:13-15 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 15.2899% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 152899 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-26) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.6603 - Grade Unit: % - Intercept: 2 m - From: 13 m - To: 15 m - Hole Depth: 153.7 m - Intercept Depth: 13 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:13-15 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 2.6603% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 26603 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-27) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 14.7858 - Grade Unit: % - Intercept: 2 m - From: 15 m - To: 17 m - Hole Depth: 153.7 m - Intercept Depth: 15 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:15-17 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 14.7858% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 147858 Context: 17 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-28) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.4535 - Grade Unit: % - Intercept: 2 m - From: 15 m - To: 17 m - Hole Depth: 153.7 m - Intercept Depth: 15 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:15-17 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 2.4535% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 24535 Context: 17 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-29) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 18.8414 - Grade Unit: % - Intercept: 2 m - From: 17 m - To: 19 m - Hole Depth: 153.7 m - Intercept Depth: 17 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:17-19 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade intercept of 2m at 18.8414% TREO, significantly above the project average. - Positive factor: Bonanza Intercept - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 188414 Context: 19 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-30) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3.4414 - Grade Unit: % - Intercept: 2 m - From: 17 m - To: 19 m - Hole Depth: 153.7 m - Intercept Depth: 17 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:17-19 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 3.4414% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 34414 Context: 19 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-31) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 22.3817 - Grade Unit: % - Intercept: 2 m - From: 19 m - To: 21 m - Hole Depth: 153.7 m - Intercept Depth: 19 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:19-21 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade intercept of 2m at 22.3817% TREO, significantly above the project average. - Positive factor: Bonanza Intercept - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 223817 Context: 21 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-32) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.6032 - Grade Unit: % - Intercept: 2 m - From: 19 m - To: 21 m - Hole Depth: 153.7 m - Intercept Depth: 19 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:19-21 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 4.6032% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 46032 Context: 21 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-33) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 17.4125 - Grade Unit: % - Intercept: 2 m - From: 21 m - To: 23 m - Hole Depth: 153.7 m - Intercept Depth: 21 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:21-23 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 17.4125% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 174125 Context: 23 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-34) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3.0631 - Grade Unit: % - Intercept: 2 m - From: 21 m - To: 23 m - Hole Depth: 153.7 m - Intercept Depth: 21 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:21-23 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 3.0631% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 30631 Context: 23 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-35) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 18.6379 - Grade Unit: % - Intercept: 2 m - From: 23 m - To: 25 m - Hole Depth: 153.7 m - Intercept Depth: 23 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:23-25 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade intercept of 2m at 18.6379% TREO, significantly above the project average. - Positive factor: Bonanza Intercept - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 186379 Context: 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-36) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3.5098 - Grade Unit: % - Intercept: 2 m - From: 23 m - To: 25 m - Hole Depth: 153.7 m - Intercept Depth: 23 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:23-25 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 3.5098% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 35098 Context: 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-37) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 22.6225 - Grade Unit: % - Intercept: 2 m - From: 25 m - To: 27 m - Hole Depth: 153.7 m - Intercept Depth: 25 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:25-27 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade intercept of 2m at 22.6225% TREO, representing the second-highest individual sample TREO at Morro do Ferro. - Positive factor: Bonanza Intercept - Positive factor: Exceptional high-grade - Positive factor: Second-highest individual sample TREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 226225 Context: 27 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-38) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.3228 - Grade Unit: % - Intercept: 2 m - From: 25 m - To: 27 m - Hole Depth: 153.7 m - Intercept Depth: 25 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:25-27 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 4.3228% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 43228 Context: 27 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-39) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 17.0936 - Grade Unit: % - Intercept: 2 m - From: 27 m - To: 29 m - Hole Depth: 153.7 m - Intercept Depth: 27 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:27-29 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 17.0936% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 170936 Context: 29 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-40) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.9631 - Grade Unit: % - Intercept: 2 m - From: 27 m - To: 29 m - Hole Depth: 153.7 m - Intercept Depth: 27 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:27-29 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 2.9631% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 29631 Context: 29 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-41) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 15.3847 - Grade Unit: % - Intercept: 2 m - From: 29 m - To: 31 m - Hole Depth: 153.7 m - Intercept Depth: 29 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:29-31 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 15.3847% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 153847 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-42) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.3962 - Grade Unit: % - Intercept: 2 m - From: 29 m - To: 31 m - Hole Depth: 153.7 m - Intercept Depth: 29 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:29-31 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 2.3962% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 23962 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-43) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 18.3405 - Grade Unit: % - Intercept: 2 m - From: 31 m - To: 33 m - Hole Depth: 153.7 m - Intercept Depth: 31 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:31-33 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade intercept of 2m at 18.3405% TREO, significantly above the project average. - Positive factor: Bonanza Intercept - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 183405 Context: 33 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-44) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3.5527 - Grade Unit: % - Intercept: 2 m - From: 31 m - To: 33 m - Hole Depth: 153.7 m - Intercept Depth: 31 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:31-33 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 3.5527% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 35527 Context: 33 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-45) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 13.0499 - Grade Unit: % - Intercept: 2 m - From: 33 m - To: 35 m - Hole Depth: 153.7 m - Intercept Depth: 33 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:33-35 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 13.0499% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 130499 Context: 35 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-46) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.3995 - Grade Unit: % - Intercept: 2 m - From: 33 m - To: 35 m - Hole Depth: 153.7 m - Intercept Depth: 33 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:33-35 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 2.3995% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 23995 Context: 35 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-47) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 15.4061 - Grade Unit: % - Intercept: 1.1 m - From: 35 m - To: 36.1 m - Hole Depth: 153.7 m - Intercept Depth: 35 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:35-36.1 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 1.1m at 15.4061% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 154061 Context: 36.1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-48) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.8282 - Grade Unit: % - Intercept: 1.1 m - From: 35 m - To: 36.1 m - Hole Depth: 153.7 m - Intercept Depth: 35 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:35-36.1 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 1.1m at 2.8282% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 28282 Context: 36.1 #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-49) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 9.5922 - Grade Unit: % - Intercept: 1.9 m - From: 36.1 m - To: 38 m - Hole Depth: 153.7 m - Intercept Depth: 36.1 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:36.1-38 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 1.9m at 9.5922% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 95922 Context: 38 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-50) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.0184 - Grade Unit: % - Intercept: 1.9 m - From: 36.1 m - To: 38 m - Hole Depth: 153.7 m - Intercept Depth: 36.1 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:36.1-38 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 1.9m at 2.0184% MREO, above the project average. - Positive factor: High-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 20184 Context: 38 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-51) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 12.8989 - Grade Unit: % - Intercept: 2 m - From: 38 m - To: 40 m - Hole Depth: 153.7 m - Intercept Depth: 38 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:38-40 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 12.8989% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 128989 Context: 40 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-52) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.4214 - Grade Unit: % - Intercept: 2 m - From: 38 m - To: 40 m - Hole Depth: 153.7 m - Intercept Depth: 38 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:38-40 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 2.4214% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 24214 Context: 40 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-53) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 5.7264 - Grade Unit: % - Intercept: 2 m - From: 40 m - To: 42 m - Hole Depth: 153.7 m - Intercept Depth: 40 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:40-42 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 5.7264% TREO, above the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 57264 Context: 42 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-54) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.9342 - Grade Unit: % - Intercept: 2 m - From: 40 m - To: 42 m - Hole Depth: 153.7 m - Intercept Depth: 40 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:40-42 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 0.9342% MREO, below the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 9342 Context: 42 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-55) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 9.0448 - Grade Unit: % - Intercept: 2 m - From: 42 m - To: 44 m - Hole Depth: 153.7 m - Intercept Depth: 42 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:42-44 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 9.0448% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 90448 Context: 44 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-56) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.6808 - Grade Unit: % - Intercept: 2 m - From: 42 m - To: 44 m - Hole Depth: 153.7 m - Intercept Depth: 42 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:42-44 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 1.6808% MREO, above the project average. - Positive factor: High-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 16808 Context: 44 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-57) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 7.5966 - Grade Unit: % - Intercept: 2 m - From: 44 m - To: 46 m - Hole Depth: 153.7 m - Intercept Depth: 44 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:44-46 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 7.5966% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 75966 Context: 46 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-58) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.4637 - Grade Unit: % - Intercept: 2 m - From: 44 m - To: 46 m - Hole Depth: 153.7 m - Intercept Depth: 44 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:44-46 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 1.4637% MREO, near the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 14637 Context: 46 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-59) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 14.4235 - Grade Unit: % - Intercept: 2 m - From: 46 m - To: 48 m - Hole Depth: 153.7 m - Intercept Depth: 46 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:46-48 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 14.4235% TREO, significantly above the project average. - Positive factor: Exceptional high-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 144235 Context: 48 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-60) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 3.2696 - Grade Unit: % - Intercept: 2 m - From: 46 m - To: 48 m - Hole Depth: 153.7 m - Intercept Depth: 46 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:46-48 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: An exceptional high-grade intercept of 2m at 3.2696% MREO, significantly above the project average. - Positive factor: Exceptional high-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 32696 Context: 48 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-61) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 10.7254 - Grade Unit: % - Intercept: 2 m - From: 48 m - To: 50 m - Hole Depth: 153.7 m - Intercept Depth: 48 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:48-50 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 10.7254% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 107254 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-62) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.1912 - Grade Unit: % - Intercept: 2 m - From: 48 m - To: 50 m - Hole Depth: 153.7 m - Intercept Depth: 48 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:48-50 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 2.1912% MREO, above the project average. - Positive factor: High-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 21912 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-63) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 9.0515 - Grade Unit: % - Intercept: 2 m - From: 50 m - To: 52 m - Hole Depth: 153.7 m - Intercept Depth: 50 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:50-52 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 9.0515% TREO, significantly above the project average. - Positive factor: High-grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 90515 Context: 52 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-64) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.744 - Grade Unit: % - Intercept: 2 m - From: 50 m - To: 52 m - Hole Depth: 153.7 m - Intercept Depth: 50 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:50-52 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade intercept of 2m at 1.744% MREO, above the project average. - Positive factor: High-grade for MREO - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 17440 Context: 52 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-65) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 5.7858 - Grade Unit: % - Intercept: 2 m - From: 52 m - To: 54 m - Hole Depth: 153.7 m - Intercept Depth: 52 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:52-54 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 5.7858% TREO, above the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 57858 Context: 54 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-66) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.0669 - Grade Unit: % - Intercept: 2 m - From: 52 m - To: 54 m - Hole Depth: 153.7 m - Intercept Depth: 52 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:52-54 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 1.0669% MREO, below the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 10669 Context: 54 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-67) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 4.0732 - Grade Unit: % - Intercept: 2 m - From: 54 m - To: 56 m - Hole Depth: 153.7 m - Intercept Depth: 54 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:54-56 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 4.0732% TREO, near the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 40732 Context: 56 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-68) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.9026 - Grade Unit: % - Intercept: 2 m - From: 54 m - To: 56 m - Hole Depth: 153.7 m - Intercept Depth: 54 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:54-56 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow intercept of 2m at 0.9026% MREO, below the project average. - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 9026 Context: 56 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-69) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.0653 - Grade Unit: % - Intercept: 2 m - From: 56 m - To: 58 m - Hole Depth: 153.7 m - Intercept Depth: 56 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:56-58 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 2.0653% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 20653 Context: 58 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-70) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.6352 - Grade Unit: % - Intercept: 2 m - From: 56 m - To: 58 m - Hole Depth: 153.7 m - Intercept Depth: 56 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:56-58 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.6352% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 6352 Context: 58 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-71) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 1.2483 - Grade Unit: % - Intercept: 2 m - From: 58 m - To: 60 m - Hole Depth: 153.7 m - Intercept Depth: 58 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:58-60 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 1.2483% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 12483 Context: 60 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-72) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.3448 - Grade Unit: % - Intercept: 2 m - From: 58 m - To: 60 m - Hole Depth: 153.7 m - Intercept Depth: 58 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:58-60 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.3448% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 3448 Context: 60 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-73) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 2.1122 - Grade Unit: % - Intercept: 2 m - From: 60 m - To: 62 m - Hole Depth: 153.7 m - Intercept Depth: 60 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:60-62 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 2.1122% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 21122 Context: 62 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-74) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.816 - Grade Unit: % - Intercept: 2 m - From: 60 m - To: 62 m - Hole Depth: 153.7 m - Intercept Depth: 60 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:60-62 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.816% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 8160 Context: 62 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-75) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.607 - Grade Unit: % - Intercept: 2 m - From: 62 m - To: 64 m - Hole Depth: 153.7 m - Intercept Depth: 62 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:62-64 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.607% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 6070 Context: 64 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-76) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.1019 - Grade Unit: % - Intercept: 2 m - From: 62 m - To: 64 m - Hole Depth: 153.7 m - Intercept Depth: 62 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:62-64 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.1019% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 1019 Context: 64 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-77) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.7247 - Grade Unit: % - Intercept: 2 m - From: 64 m - To: 66 m - Hole Depth: 153.7 m - Intercept Depth: 64 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:64-66 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.7247% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 7247 Context: 66 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-78) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.1242 - Grade Unit: % - Intercept: 2 m - From: 64 m - To: 66 m - Hole Depth: 153.7 m - Intercept Depth: 64 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:64-66 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.1242% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 1242 Context: 66 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-79) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.7422 - Grade Unit: % - Intercept: 2 m - From: 66 m - To: 68 m - Hole Depth: 153.7 m - Intercept Depth: 66 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:66-68 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.7422% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 7422 Context: 68 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-80) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.1291 - Grade Unit: % - Intercept: 2 m - From: 66 m - To: 68 m - Hole Depth: 153.7 m - Intercept Depth: 66 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:66-68 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.1291% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 1291 Context: 68 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-81) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.5597 - Grade Unit: % - Intercept: 2 m - From: 68 m - To: 70 m - Hole Depth: 153.7 m - Intercept Depth: 68 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:68-70 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.5597% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 5597 Context: 70 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-82) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.1062 - Grade Unit: % - Intercept: 2 m - From: 68 m - To: 70 m - Hole Depth: 153.7 m - Intercept Depth: 68 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:68-70 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.1062% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 1062 Context: 70 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-83) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.561 - Grade Unit: % - Intercept: 2 m - From: 70 m - To: 72 m - Hole Depth: 153.7 m - Intercept Depth: 70 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:70-72 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.561% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 5610 Context: 72 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-84) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.0998 - Grade Unit: % - Intercept: 2 m - From: 70 m - To: 72 m - Hole Depth: 153.7 m - Intercept Depth: 70 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:70-72 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.0998% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 998 Context: 72 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-85) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.3733 - Grade Unit: % - Intercept: 2 m - From: 72 m - To: 74 m - Hole Depth: 153.7 m - Intercept Depth: 72 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:72-74 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.3733% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 3733 Context: 74 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-86) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.0732 - Grade Unit: % - Intercept: 2 m - From: 72 m - To: 74 m - Hole Depth: 153.7 m - Intercept Depth: 72 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:72-74 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.0732% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 732 Context: 74 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-87) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.3141 - Grade Unit: % - Intercept: 2 m - From: 74 m - To: 76 m - Hole Depth: 153.7 m - Intercept Depth: 74 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:74-76 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.3141% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 3141 Context: 76 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-88) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.0624 - Grade Unit: % - Intercept: 2 m - From: 74 m - To: 76 m - Hole Depth: 153.7 m - Intercept Depth: 74 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:74-76 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.0624% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 624 Context: 76 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-89) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.3151 - Grade Unit: % - Intercept: 2 m - From: 76 m - To: 78 m - Hole Depth: 153.7 m - Intercept Depth: 76 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:76-78 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.3151% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 3151 Context: 78 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-90) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.0621 - Grade Unit: % - Intercept: 2 m - From: 76 m - To: 78 m - Hole Depth: 153.7 m - Intercept Depth: 76 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:76-78 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.0621% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 621 Context: 78 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-91) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.4357 - Grade Unit: % - Intercept: 2 m - From: 78 m - To: 80 m - Hole Depth: 153.7 m - Intercept Depth: 78 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:78-80 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.4357% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 4357 Context: 80 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-92) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.0785 - Grade Unit: % - Intercept: 2 m - From: 78 m - To: 80 m - Hole Depth: 153.7 m - Intercept Depth: 78 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:78-80 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.0785% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 785 Context: 80 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-93) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.5206 - Grade Unit: % - Intercept: 2 m - From: 80 m - To: 82 m - Hole Depth: 153.7 m - Intercept Depth: 80 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:80-82 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.5206% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 5206 Context: 82 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-94) Morro do Ferro · magnet\_rare\_earth\_oxides #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: magnet\_rare\_earth\_oxides - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.0856 - Grade Unit: % - Intercept: 2 m - From: 80 m - To: 82 m - Hole Depth: 153.7 m - Intercept Depth: 80 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:80-82 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 2m at 0.0856% MREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 856 Context: 82 #### 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 "mixed" ### MFSR-055 [Link to this fact](https://atlas-staging.minestarters.com/news/pnn-outstanding-high-grade-results-from-new-drillhole-at-mdf--adfe585a-6907-40f8-b2b8-9fadd420c7fb#fact-drill-facts-95) Morro do Ferro · rare\_earths #### Identity - Hole ID: MFSR-055 - Project: Morro do Ferro - Commodity: rare\_earths - Region: brazil - Reported Region: brazil - Ticker: PNN #### Geometry - Grade: 0.2449 - Grade Unit: % - Intercept: 1.7 m - From: 82 m - To: 83.7 m - Hole Depth: 153.7 m - Intercept Depth: 82 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Group ID: MFSR-055:82-83.7 - Mining Method: open\_pit #### Location - Easting: 341844 - Northing: 7575890 - CRS: WGS84, Zone 23 South - Elevation: 1514 m - Azimuth: 225 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS Geosol Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A narrow, low-grade intercept of 1.7m at 0.2449% TREO, below the project average. - Negative factor: Low grade - Negative factor: Narrow intercept - Negative factor: Apparent Width Only Evidence · table > 2449 Context: 83.7 #### 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 "mixed" ## 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.