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Highlights
- Verde AgriTech’s first drill holes intersect continuous rare earth mineralization from surface.
- The best intercept includes 14.2 metres averaging 6,858 ppm TREO.
- A 200-hole drill program is underway to support a maiden NI 43-101 resource estimate in Q1 2026.
Verde AgriTech Ltd. (TSX:NPK) has announced results from its first three drill holes at the Minas Americas Global Alliance rare earths project. All holes encountered continuous clay-hosted mineralization starting at surface, confirming the presence of high-grade horizons identified during previous trenching activities.
The current drill campaign began in October 2025 and is being carried out with three rigs. The program is designed to test near-surface clay-hosted rare earth oxide mineralization, extend known mineralized zones located around trench samples and explore additional targets aligned with interpreted mineralized trends.
High-Grade Intercepts Boosts Continuity of Mineralized Zone
The best results came from hole MAV_AD 002, which intersected 14.2 metres from surface averaging 6,858 ppm TREO and 1,673 ppm MREO. A higher-grade interval of 6.0 metres between 4.0 and 10.0 metres returned 8,013 ppm TREO and 1,941 ppm MREO, including notable concentrations of neodymium, praseodymium, dysprosium and terbium.
Hole MAV_AD 001, drilled approximately 10 metres from trench PT-34, delivered 8.7 metres averaging 5,776 ppm TREO from surface, including a 5.0-metre interval at 6,620 ppm TREO. Hole MAV_AD 003 returned 12.2 metres averaging 2,563 ppm TREO, with a higher-grade 6.2-metre section at 4,543 ppm TREO.
The proximity of holes MAV_AD 001 and MAV_AD 002 to the PT-34 trench reinforces continuity of mineralization from surface to at least 8–10 metres depth.
200-Hole Drill Program Targeting Maiden Resource in Q1 2026
The first holes were drilled vertically and sampled at regular intervals before being sent to SGS Geosol for laboratory analysis. Verde’s exploration strategy aims to complete approximately 200 drill holes by February 2026, providing the dataset required to publish a maiden NI 43-101 mineral resource estimate in the first quarter of 2026.
The company noted efficient drilling conditions, with no significant groundwater challenges encountered. All mineralized zones intersected correspond to weathered clay horizons aligned with ionic adsorption clay (IAC) deposit characteristics.
Metallurgical Testing and Broader Project Development Underway
Previous metallurgical tests on project samples confirmed IAC-style leaching behaviour, with high levels of desorbable magnet rare earth oxides and low impurities. Verde is preparing composite samples for upcoming ammonium salt leach tests and multi-stage metallurgical studies to support a preliminary economic assessment planned for Q2 2026.
The project is supported by Verde’s existing regional infrastructure and operational experience, including in-house teams, company-owned drilling equipment and laboratory facilities. Upcoming milestones include the maiden resource estimate in Q1 2026 and completion of the PEA in Q2 2026.
