InvestSMART

Power Minerals Limited (ASX:PNN)

ALERT: Price-sensitive ASX Announcement for PNN
Current share price for PNN : $0.120 -0.07 (-36.84%)+
Announcement
Release
21 Oct 2025 9:17AM
Price at Release
$0.190
Full Release
download
Summary
Power Minerals Limited announced preparations for a significant drilling program at the Santa Anna niobium-REE carbonatite complex in Brazil. The program will begin with an initial 2,000m of RC drilling, starting in November, to follow up on high-grade REE zones and expand the mineralised footprint. This systematic drilling effort, designed to provide continuous samples for mineralisation modeling and resource estimation, aims to cover deeper sections of the complex. A detailed drone magnetic survey will guide further exploration, with additional drilling slated for early 2026 to explore untested areas. The project underscores the substantial exploration potential within the Santa Anna Alkaline Complex, with nearly 90% of the surface area yet to be explored.
Key Points
  • Power Minerals Limited to commence up to 10,000m drilling at the Santa Anna Project in Brazil.
  • First stage involves 2,000m of reverse circulation (RC) drilling targeting high-grade REE zones.
  • Drilling aims to extend mineralised footprint east and southeast of initial drilling.
  • Systematic program to assist in developing mineralisation models and resource estimates.
  • Initial drilling expected to start in November and complete by year-end.
  • Drone-based magnetic survey planned to identify new drilling targets.
  • Further drilling of up to 6,000m scheduled for early 2026, combining RC and diamond core methods.
  • Exploration highlights significant potential with 89.3% of the complex's surface area untested.
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.