PVW Resources Limited has announced the successful completion of Phase 1 drilling at its Capão Bonito East Block in Brazil, confirming widespread near-surface rare earth element (REE) mineralisation. The latest assay results from 56 drill holes show that 89% of the holes intersected mineralisation exceeding 500 ppm total rare earth oxides (TREO), with some intercepts, such as 14 metres from surface reporting peak values of up to 5,662 ppm TREO. The drilling data indicates not only thick and shallow mineralised zones – with many intercepts beginning at depths of 5 metres or less – but also points to potentially broader zones than initially anticipated. The results have reinforced the significance of the Capão Bonito asset within PVW’s Brazilian REE portfolio. CEO Lucas Stanfield highlighted the project’s strategic role and noted that high-grade intercepts, including several intervals above 1,000 ppm TREO, are supportive of low-cost, low-risk extraction scenarios. In addition to confirming the high-grade, near-surface mineralisation at Capão Bonito, PVW is advancing metallurgical testing on 450 samples with SGS Geosol, to verify the REE recovery potential through ammonium sulphate leach testing. The company is also expanding its exploration footprint to nearby targets such as Sguario, Itapeva, Carambeí, and Cerro Azul. In further aligning its portfolio strategy, PVW is evaluating complementary opportunities in Brazil, including precious metals projects, while reassessing its Australian gold assets to focus capital on its most promising ventures. The drill results also indicate a positive correlation between intercept width and grade, suggesting that broader mineralised zones may offer even higher TREO concentrations, which bodes well for future delineation work. Additional infill drilling at 400 metre spacing and further exploration to target deeper mineralisation are planned as key next steps to better define the mineralised body. Investors might view these developments with optimism due to the robust high-grade intercepts and the attractive near-surface mineralisation profile that hint at an economically viable resource. The strategic shift towards consolidating its Brazilian assets, along with expanding exploration to nearby targets, further supports a bullish outlook as it positions the company to capture value in the growing REE market. On the bullish side, the strong assay intercepts, extensive near-surface occurrences, and ongoing metallurgical work suggest low extraction costs and a scalable resource, potentially making PVW’s asset base a valuable addition to portfolios seeking exposure to clean energy critical minerals. Conversely, on the bearish side, some uncertainties remain regarding the complete extent of deeper mineralisation and the pending assay results from the Itapeva Target, which could impact the projected resource estimate. Additionally, the restructuring of other assets introduces a degree of execution risk. Overall, the announcement underscores PVW Resources Limited’s disciplined approach to unlocking a significant REE discovery in Brazil amidst supportive geology, robust technical indicators, and a strategic pivot towards focused, high-potential projects in a mining-friendly jurisdiction.