Gold Mountain Limited has received assay results for an additional 327 stream sediment samples from the Araxá Project in Brazil, bringing the total assessed program to 515 samples.

The latest assays reveal strongly clustered multielement anomalies for niobium, phosphate, and magnet rare earths across the project area. Regional magnetic and radiometric data confirm that these geochemical anomalies coincide directly with magnetic and structural targets, supporting the presence of carbonatite intrusive complexes. Carbonatites in the Araxá region feature specific structural characteristics, including domal structures modified by hydrothermal alteration of host rocks.

Gold Mountain holds four clusters of granted exploration licences in the region over ground demonstrated to be prospective for carbonatite-hosted niobium, rare earth elements, and phosphorus. The current stream sediment program expands upon an initial batch of 185 stream sediment samples reported from the project in January 2026.

“The Araxá Project is extraordinarily prospective for three strategic commodities-niobium, rare earth elements and phosphorus, each of which is experiencing increasing global demand and is currently produced from nearby carbonatite complexes.” — David Evans, Executive Director

To advance the project toward drill testing, Gold Mountain plans to deploy drone magnetics and conduct grid soil sampling over the highest-ranked niobium, magnet rare earth, and phosphate anomalies to refine specific drill targets. Remaining stream sediment sampling will be completed over one group of properties once landowner access agreements are reached. Gold Mountain Limited will seek environmental approval for drilling from local municipal authorities for the Araxá Project.

Field programs will continue as the company works to refine targets ahead of future drilling.

Read the full announcement: Anomalies in Niobium, Magnet REE and Phosphate - Araxa