Powermax Minerals Completes High-Resolution Airborne Geophysical Survey at the Atikokan Rare Earth Element Property, Ontario

Executive Summary

• Powermax Minerals announced the successful completion of a high‑resolution helicopter‑borne magnetic and radiometric survey over its Atikokan REE Property in northwestern Ontario.
• The survey covered 1,409 line‑kilometres with 50 m flight line spacing, delivering detailed magnetic, potassium, thorium and uranium data that meet NRCan and IAEA standards.
• Results will be integrated with existing geological, geochemical and structural datasets to define new exploration targets and guide forthcoming trenching or diamond drilling programs.

Key Details

• Survey Scope: 1,409 km of high‑resolution magnetic and gamma‑ray spectrometric data; flight lines spaced at 50 m, tie lines at 500 m.
• Platform & Flight Parameters: Eurocopter Astar 350BA+ operating at an average terrain clearance of 44 m with tight drape control.
• Data Quality: Magnetic noise within acceptable limits; GPS positioning and drape‑following performance rated high; gamma‑ray calibration for K, U, Th consistent and reliable.
• Processing Software: Geosoft Montaj and Praga NASVD used to enhance signal‑to‑noise ratio.
• Deliverables: Full digital databases, GeoTIFF maps, and a 1:30,000 scale digital terrain model (NAD83 UTM Zone 15N).
• Next Steps: Comprehensive processing and interpretation of the datasets; integration with historic mapping, recent sampling, and geological work to pinpoint prospective anomalies for trenching or diamond drilling.
• Qualified Person: Afzaal Pirzada, P.Geo., Director and QP under NI 43‑101 reviewed and approved the technical information.

Notable Quotes

“Completion of this high‑resolution airborne survey marks a major step forward in advancing our Atikokan REE Property. The quality of the data is excellent and will allow us to enhance our understanding of the structural framework that controls mineralization… We look forward to integrating these geophysical results with ongoing geological interpretation and ground follow‑up work.” – Paul Gorman, CEO

Materiality Assessment: Non‑Material – Positive (operational progress without immediate financial impact).