Alcobaça Rare Earths + HMS Project

Location: Brazil | Ownership: 100% Liberty Metals Limited

Liberty Metals’ Alcobaça Project is a strategic heavy mineral sands and rare earths opportunity positioned along the Bahia coastline. Spanning three tenements over 55 km², the project offers multi-commodity exposure to ilmenite, rutile, zircon, and monazite which is a critical rare earth element.

The project lies within a well-understood and highly prospective geological setting for world-class HMS deposits. A classic two-stage process defines the geology.

• The Tertiary-age Barreiras Formation, a widespread geological unit known for being rich in a mature suite of durable and economically valuable heavy minerals, acts as the main source rock.
• Subsequent marine transgressions during the Quaternary period supplied the high-energy coastal processes needed to erode these source rocks and concentrate the heavy minerals, mainly ilmenite, rutile, zircon, and monazite, forming extensive, near-surface deposits.

The primary strategic driver for the Alcobaca Project is its potential to contain substantial deposits of monazite, which includes the “magnet metals” (Neodymium, Praseodymium, Dysprosium, and Terbium) essential for manufacturing permanent magnets used in electric vehicles and wind turbines.