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Connected Minerals Limited (ASX:CML)

ALERT: Price-sensitive ASX Announcement for CML
Current share price for CML : $0.280 -0.08 (-22.22%)+
Announcement
Release
27 Oct 2026 9:06AM
Price at Release
$0.360
Full Release
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Summary
Connected Minerals Limited (ASX:CML) announced that its Angolan subsidiary, Frontier Resources Angola, has acquired a historical exploration database for the Bailundo Carbonatite Project in Angola, covering about 39km² and including mapping, soil and rock-chip geochemistry, drill logs, assays, core photographs and technical studies; the data outlines distinct central/southern niobium and northern rare earth targets and confirms extensive high-grade mineralisation from surface and into less-weathered to fresh carbonatite, with historical drilling of 10 diamond holes totalling 3,414.4m returning strong results from the six assayed holes such as 205.5m @ 1.0% Nbâ‚‚Oâ‚… from surface in SB02 including 24.0m @ 3.0% Nbâ‚‚Oâ‚…, 358.9m @ 1.7% TREO from surface in SB06 including 227.3m @ 2.0% TREO and 17.4m @ 5.4% TREO, plus 121.3m @ 2.4% TREO in SB03 and 201.8m @ 1.8% TREO in SB04; the database also highlights additional upside from about 1,534m of unassayed historical drilling including four entire holes, elevated gallium values up to 167.5ppm in saprolite, and broad surface anomalies from 1,089 soil and 458 rock-chip samples, including 118 soil samples at or above 0.5% Nbâ‚‚Oâ‚… and 339 soil samples at or above 1.5% TREO, supporting CML’s plan to integrate the historical data with current drilling, geological modelling, mineralogical work and metallurgical studies to assess continuity, mineral hosts, weathering relationships and development potential at Bailundo.
Key Points
  • Connected Minerals acquired the historical exploration database for the Bailundo Carbonatite Project through its Angolan subsidiary Frontier Resources Angola.
  • The historical dataset covers about 39km² and includes mapping, soil and rock-chip sampling, drill logs, assays, core photographs and technical studies.
  • Historical drilling comprised 10 diamond holes for 3,414.4m, with only six holes assayed.
  • Standout niobium drilling result was 205.5m @ 1.0% Nb2O5 from surface in hole SB02, including 24.0m @ 3.0% Nb2O5.
  • Standout rare earth drilling result was 227.3m @ 2.0% TREO from surface in hole SB06, within a broader 358.9m @ 1.7% TREO interval.
  • Other strong rare earth intersections included 121.3m @ 2.4% TREO in SB03 and 201.8m @ 1.8% TREO in SB04.
  • The data defines a Central/Southern niobium target and a Northern rare earth target across the Bailundo complex.
  • Mineralisation occurs in weathered saprolite and saprock as well as underlying less-weathered to fresh carbonatite.
  • About 1,534m of historical drilling remains unassayed, including four entire holes, providing further upside for niobium, rare earths and gallium.
  • Historical drill assays identified gallium values up to 167.5ppm in hole SB04, associated with weathered mineralised material.
  • Surface geochemistry includes 1,089 soil samples and 458 rock-chip samples with broad high-grade anomalies.
  • Historical soil results included 118 samples at or above 0.5% Nb2O5 with a peak of 1.43% Nb2O5.
  • Historical soil results included 339 samples at or above 1.5% TREO with a peak of 3.36% TREO.
  • Some historical niobium and rare earth assays reached upper analytical reporting limits, meaning certain reported values may be minimums.
  • CML plans to integrate the historical data with current drilling, geological modelling, mineralogical characterisation and metallurgical investigations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.