Rare Earth Exploration
Gold Mountain has secured a large footprint in two emerging Rare Earth hotspots in Brazil. The company is now well-positioned to capitalise on its prime location and the surging demand for Rare Earth Elements (REE).
These elements are essential in the production of high-strength, heat-resistant magnets used to manufacture electric vehicle motors, wind turbines, and other high-tech applications
The Down Under Rare Earth Project
Situated in the Jequié Region and next door to Brazilian Rare Earths' (ASX: BRE) high-grade Monte Alto Project, which has captured the market's attention with results of tens of % TREO, Gold Mountains' flagship Down Under Rare Earth Project is primed to capitalise on its first-class location.
An extensive stream sediment sampling program conducted in 2024 returned peak values of 4,346 ppm TREO** and identified highly anomalous catchments over an 8km strike distance. Auger drilling commenced in 2024 and is ongoing.
Jequié Region | An Emerging Rare Earth Hotspot
The Jequié Region is an emerging Rare Earth (REE) hotspot in the state of Bahia in Northeast Brazil - a globally renowned mining jurisdiction with a mining-friendly government. The region is home to several large towns, is located less than 200km from a major deep-water port and has access to clean hydropower.
The region is known to host three main types of REE mineralisation, including:
• Ionic Adsorption Clay (IAC) mineralisation
Advanced weathering of source rocks leads to the development of saprolite and clay horizons, where REEs become enriched through adsorption processes.
• Shallow, monazite sands
This style of mineralisation is characterised by a near-surface, highly weathered saprolite zone that is enriched with primary coarse-grained monazite. Monazite is a phosphate mineral that is a principal source of rare earths.
• Hard-rock mineralisation
Rare Earth Elements (REEs) occur within hard rock formations. There has also been extensive metallurgical test work conducted on samples from across the region. They have shown that the mineralisation styles are amenable to low-cost and efficient methods for obtaining high-quality concentrates.
The Araxa Rare Earth - Niobium Project
The Araxá Rare Earth–Niobium Project is located in the Alto Paranaíba Igneous Province, close to Araxá, an area known worldwide for its rich mineral resources.
Araxá is home to the world’s largest niobium mine, containing an estimated 94% of the world’s niobium reserves. This strategic location places the project in a highly prospective geological setting with an established mining infrastructure. Additionally, the project is situated along the central zone of the “125° degree lineament,” a major crustal depth structure zone recognised for its potential to host significant mineral deposits over its more than 2000 km length.