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Magnum Mining and Exploration Limited (ASX:MGU)

ALERT: Price-sensitive ASX Announcement for MGU
Current share price for MGU : $0.006 -0.001 (-7.69%)+
Announcement
Release
13 Jul 2026 9:15AM
Price at Release
$0.007
Full Release
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Summary
On 13 July 2026, Magnum Mining and Exploration Limited announced the engagement of Jack Lifton as a Business Development consultant, focusing on rare earth elements. Jack Lifton brings extensive expertise in REE processing to Magnum, aiming to enhance the company's strategic positioning in the REE sector. His appointment coincides with an ongoing 10,000m drilling campaign at Magnum's Piracanjuba North prospect, as the company seeks to develop its rare earths business and potentially integrate into future U.S. supply chains.
Key Points
  • Jack Lifton, a renowned chemical engineer with expertise in rare earth elements (REE), joins Magnum Mining and Exploration Limited as a Business Development consultant.
  • Jack Lifton is recognized for his deep knowledge in REE processing, a sector previously led by the US before being outsourced to China.
  • His appointment aligns with Magnum's 10,000m drilling campaign at the Piracanjuba North IAC rare earths prospect.
  • Magnum aims to leverage Jack Lifton's experience to develop their rare earths business and integrate Piracanjuba North into future U.S. supply chains.
  • Jack Lifton's role involves providing strategic, tactical, and operational support in business development for Magnum’s rare earth element sector.
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.