Magnum discovered potential large-scale Ionic Adsorption Clay Rare Earth Element (REE) mineralisation at the First Azimuth Target. Assay results from 13 auger holes showed excellent grades of REE mineralisation, with samples containing up to 3971ppm Total Rare Earth Oxides (TREO) and 1360ppm Medium Rare Earth Oxides (MREO). The mineralisation is open in all directions, and early desorption tests suggest it is consistent with an Ionic Adsorption Clay style. Further exploration at depth is planned to fully assess the discovery's potential.