Oceana Metals Releases November 2026 Corporate Presentation on Brazil Rare Earths Project

Aditi Sarkar

11 November 2026 12:32 PM AEDT

Oceana Metals Releases November 2026 Corporate Presentation on Brazil Rare Earths Project

Image Source: Krish Capital Pty Ltd

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Oceana Metals Limited (ASX:OCN) has released a corporate presentation dated 11 November 2026, outlining the company's Serra Negra rare earth elements project in Brazil's Minas Gerais state, which the company describes as a district-scale carbonatite complex with 100% ownership and an initial resource-focused drilling program underway.

Key Points

The Serra Negra project is located within a 10-kilometre diameter carbonatite complex in Minas Gerais state, Brazil
High-grade mineralisation of 4.7% total rare earth oxides (TREO) has been confirmed at the project
An initial 20,000-metre resource-focused drilling program is funded and currently executing
The company holds 100% ownership of the Serra Negra project following completed acquisition
The board includes Managing Director Mick Wilson, Non-Executive Chair Russell Curtin, and Non-Executive Director Hamish Halliday

Serra Negra Project Details

According to the filing, the Serra Negra project is situated in Brazil's Minas Gerais state, which the company describes as a Tier 1 mining jurisdiction. The project is characterised by a district-scale carbonatite complex measuring 10 kilometres in diameter. The company has confirmed high-grade rare earth element mineralisation at 4.7% TREO. The presentation references exploration results previously disclosed in company announcements dated 28 April 2026, 9 July 2026, and 17 September 2026. The company confirmed it is not aware of any new information or data that materially affects the information contained in those original market announcements.

Drilling Program Status and Funding

The filing discloses that an initial resource-focused drilling program totalling 20,000 metres is both funded and currently executing. The presentation states that acquisition of the project has been completed and the company holds full project control at 100% ownership. The filing references a high-grade intercept result, citing the company's ASX release dated 9 July 2026 titled "High-Grade REE Intercepts Confirm Top-Tier Potential" and a subsequent discovery announcement dated 17 September 2026 titled "New Serra Negra Discovery Highlights District Potential."

Board Composition and Corporate Consultants

The presentation identifies the board as comprising Managing Director Mick Wilson, described as having 29 years in mineral exploration, development and ASX-listed leadership; Non-Executive Chair Russell Curtin, described as a former EY Partner with more than 30 years across resources, finance and governance; and Non-Executive Director Hamish Halliday, with 30 years of experience including discovery and funding of large-scale global mineral projects and rare earth elements. Corporate consultants named include Steve Parsons and Michael Naylor, both described as major shareholders. Joint Company Secretaries are Maddison Cramer and Alexandra Hughes. Brazilian lawyer Rodrigo Roso is named as Brazil Corporate Consultant with over 20 years of legal and M&A experience.

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