The company’s analysis of cores drilled between 2010 and 2012 revealed a polymetallic system where rare earth elements coexist with uranium, vanadium, and phosphate. Among the high-grade findings, one 0.63-meter interval returned 3,570 ppm of total rare earth oxides (TREO) and 607 ppm of magnet rare earth oxides (MREO). Additional testing highlighted further enrichment, including a 1.53-meter section grading 2,267 ppm TREO.

Steven Gold, President and CEO of Jaguar, noted that the results align with the strategic framework established by the recent Barranquilla Accords. The company intends to integrate these findings into future geological modeling and mineral resource evaluations, though executives stressed that these are exploration results rather than verified reserves. Further drilling and technical studies are required to establish economic viability and determine the continuity of the mineralization across the site.