Peak Minerals Limited has reported breakthrough results from its evaluation of the Minta Rutile Project in Cameroon, highlighting an exceptional new discovery at the Minta Est area. Advanced drilling over an area of 121km² has revealed high‐grade heavy mineral intercepts, with every drill hole intersecting mineralisation from the surface down to an average depth of about 4 meters. Notably, assays have returned in-situ grades of 0.5% to 1.2% Total Rare Earth Oxides (TREO), derived from free-dig monazite mineral sands that can be processed with conventional beneficiation techniques. Data indicates up to 73% monazite in the heavy mineral assemblage alongside significant ruthile and zircon fractions, with the separated monazite showing promising magnet rare earth distributions—including up to 22.5% NdPr light rare earths and 2.7% DyTb heavy rare earths. The technical indicators from these reconnaissance drilling results suggest a robust and continuous heavy mineral system, with average heavy mineral grades of 2.4% over an extensive zone that now covers an estimated 660km². With no reported barren holes and consistent intersections, the project is now set to expand its exploration, as further assays from an additional 290 drill holes are pending. The company is employing cost-effective hand auger drilling to target these near-surface deposits across an initial target area of 3,500km² within a broader land package of over 7,000km². The presence of coarse, oversize rutile, yet to be fully quantified, could further enhance the heavy mineral grades and economic potential. From a strategic perspective, the results underscore the significance of monazite—a mineral critical for the production of rare earth elements used in electric vehicles, wind turbines, and defense applications. With monazite currently trading at about three times the value of rutile and zircon, these findings could present a potential high-value asset in a market increasingly focused on diversifying rare earth supply chains away from traditional sources. Market sentiment from this new information appears mixed. On the bullish side, the robust drill results, consistent heavy mineral intercepts from the surface, and high in-situ grades of rare earths provide compelling indicators of a world-class asset—this bodes well for future resource estimates and potential market revaluation. The ease of extraction via standard mineral sands processing further enhances the project’s economic attractiveness. Conversely, the bearish perspective cautions that significant further work and pending assay results are necessary to fully delineate the resource, and technical challenges remain regarding the contribution of coarse rutile nuggets to overall grades. Ultimately, while the project’s early successes provide positive momentum, stakeholders remain aware of the inherent risks associated with early-stage exploration in a challenging global minerals market.