Results reveal up to 2,274 ppm Nb₂O₅, including mineralized zone of up to 95m within the same targets as rare earth elements previously disclosed by the Company

SINGAPORE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: "NPK") (OTCQX: "VNPKF") ("Verde" or the "Company") is pleased to announce new findings within Man of War Rare Earths Project, revealing niobium mineralization ("Nb2O5”), including results up to 2,274 ppm Nb2O5. These results reinforce the potential of Man of War as a significant critical minerals and rare earth elements ("REE”) resource, with key highlights including:

  • Nau de Guerra Target:
    • Hole AP-ND-14 including:
      • 30m @ 964 ppm Nb2O5 [20m];
      • 5m @ 1,450 ppm Nb2O5 [28m]; and
      • 1m @ 1,877 ppm Nb2O5 [29m].
  • Balsamo Target:
    • Hole AP-BD-01 including:
      • 33m @ 895 ppm Nb2O5 [53m];
      • 5m @ 1,701 ppm Nb2O5 [62m]; and
      • 1m @ 2,227 ppm Nb2O5 [65m].
  • Alto da Serra Target:
    • AP-AD-16 including:
      • 52m @ 767 ppm Nb2O5 [0m];
      • 5m @ 1,810 ppm Nb2O5 [7m]; and
      • 1m @ 2,274 ppm Nb2O5 [7m].

In previous announcements, the Company reported substantial concentrations of Total Rare Earth Oxides ("TREO”), Magnet Rare Earth Oxides ("MREO”) and scandium oxide ("Sc₂O₃”) within the same intervals where the niobium results were identified. During the ongoing consolidation of assay data, the potential for niobium concentrations emerged, allowing Oby to evaluate the feasibility of extracting niobium as a co-product from the Man of War Project's rare earth deposit.

Below is a comprehensive table presenting the niobium assay results for all intervals previously announced. These results underscore the continuity of high-grade niobium zones within the mineralized areas of the Man of War Project. Each entry specifies the drill hole, total interval length, depth, and niobium concentration (Nb₂O₅ in ppm), providing further insight into the project's significant niobium potential:

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TargetHoleTotal

Length (m)

From (m) To (m)Thickness (m) Nb2O5 (ppm)
Nau de Guerra

AP-ND-02

47.3504343735
Including01515879
Including055992
AP-ND-03

79.407474577
Including173013915
Including242951,055
AP-ND-04

51.9504040519
Including52520577
Including5105605
AP-ND-05

71.6506969624
Including92617836
Including202551,239
AP-ND-06

47.404343594
Including02121700
Including055894
AP-ND-07

33.2503131795
Including02626899
Including202551,198
AP-ND-08

42.803939830
Including03939830
Including61151,042
AP-ND-09

78.707878616
Including2034141,107
Including273251,308
AP-ND-11

42.703838641
Including01111758
Including055979
AP-ND-12

24.502222709
Including02222709
Including12175863
AP-ND-13

21.4501717656
Including01717656
Including5105894
AP-ND-14

67.206565753
Including205030964
Including283351,450
AP-ND-15

59.6505757648
Including123220755
Including101551,038
AP-ND-16

51.9504949629
Including22220797
Including11165916
AP-ND-17

2301919720
Including21614852
Including51051,210
Balsamo

AP-BD-01

131.254013090607
Including538633895
Including626751,701
AP-BD-02

1343813294542
Including5511358651
Including626751,060
AP-BD-03

1354413389544
Including5810951681
Including657051,138
AP-BD-04

1374113695513
Including5911859635
Including657051,312
AP-BD-05

97.769589555
Including217150699
Including263151,054
AP-BD-06

136.924413490599
Including5911960726
Including687351,022
AP-BD-07

135.854113392580
Including6011353739
Including677251,132
AP-BD-08

78.4507676587
Including45955664
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