Power Minerals Limited (ASX:PNN)

🗞️Power Minerals secures investment approval for Rincon JV | Media coverage by Mining.com.au. https://lnkd.in/gB7WqKhQ #PNN #PowerMinerals #ASX #ASXnews

We've secured Overseas Direct Investment approval for the Rincon Lithium Project Joint Venture within our Salta Lithium Project, in the lithium triangle of Argentina. This key milestone allows our investment partner, Navigate Energy, to release US$4 million in funding to advance development. With ODI approval granted, we can now finalise the incorporation of the Rincon JV entity. Once completed, funds will be released to the joint venture, enabling the next phase of project development. Read the full ASX Announcement here: https://lnkd.in/gdjwdxxR #PowerMinerals #ASX #Lithium #CriticalMinerals #Mining #Rincon #SaltaLithium #PNN #ASXNews

We're pleased to provide a copy of our Half Year Report. View the full Report here and below: https://lnkd.in/etsFWDKj

Power Minerals Reshapes #Lithium Strategy with Pocitos-Rincon JV Integration in Argentina | Media coverage by Discovery Alert https://lnkd.in/ekEafjgQ

🗞️Power Minerals to expand Rincon joint venture | Media covered by Mining.com.au. https://lnkd.in/gcNDmje3 #PNN #PowerMinerals #ASX #ASXNews

Rincon Lithium Project JV partners have agreed to expand the JV to include Power's Pocitos project, which is ideally located as a potential hub for lithium carbonate production in Argentina. Pocitos offers exceptional infrastructure advantages for importing/exporting products, including access to a railway to the Pacific and Atlantic port, natural gas, electricity, and a nearby health center, facilitating mining operations. It also benefits from excellent local community support and a favorable legal and regulatory framework – strategically positioning the Rincon JV for efficient lithium production and export. A freshwater source has also been secured at Pocitos - a critical input to any future direct lithium extraction operation. We’ve also secured revised terms for the sale of our Santa Ines Copper-Gold Project. Read more: https://lnkd.in/gE76bBGS #Lithium #RinconProject #PocitosProject #Argentina #EVBatteries #CriticalMinerals #PowerMinerals #ASX #EnergyTransition

We've completed the first stage of our diamond drilling program at our Nióbio Project in Brazil, with 10 holes drilled for a total of 809.75m across three targets. Pegmatites were intersected in all holes, with multiple downhole intercepts exceeding 30m in thickness. Detailed core logging and pXRF analysis are underway to select samples for laboratory testing, with assay results expected in March/April 2025. The results will guide planning for the next phase of exploration, including potential follow-up drilling to confirm grade and determine a mineral resource estimate. Managing Director Mena Habib said, “We’re pleased to have completed our first-phase of drilling at the Nióbio Project to plan and schedule. Initial results are encouraging, with pegmatites intercepted in all 10 holes completed, some being broad intercepts more than 30 metres wide. Samples are currently being prepared to be submitted for laboratory analysis, with assay results expected in the following month. The results from this initial drilling are anticipated to play a key role in planning for further exploration at the Project. The are also numerous un-tested, immediate, walk-up targets at Nióbio, and we look forward to systematically assessing these as we move forward with our exploration of the Project.” Read the full ASX Announcement here: https://lnkd.in/gHFiX8sJ #PowerMinerals #PNN #ASX #NióbioProject #Brazil #Niobium #Tantalum #REE #Exploration #Mining #CriticalMinerals #Drilling #MineralExploration #BatteryMetals

We're pleased to provide an update on our activities for the quarter ending 31 December 2024. View the full Report here: https://lnkd.in/gWANh8Mp #Niobium #Lithium #ASXNews #ASX

Power Minerals Advances Critical Mineral Hunt in Brazil | Media covered by JustStocks. https://lnkd.in/gevDBXAM #PNN #PowerMinerals #ASXNews

We've made strong progress in our maiden diamond drilling program at the Nióbio Project in Brazil, completing four drillholes totalling 356.15 metres across two priority pegmatite targets. All holes have intercepted targeted pegmatites, consistent with our exploration model. Drilling is now underway on a third target, with results expected in Q1 2025 to guide further exploration efforts. Managing Director, Mena Habib said, “We are pleased with the progress of our maiden drilling program at Nióbio, with all holes to date intersecting targeted mica schist and pegmatite, which helps validate our exploration model at Nióbio. We are delighted to have been able to expedite exploration at Nióbio to the point that we are undertaking this first phase of drilling, and look forward to completing the program and seeing the results from this drilling towards the end of Q1.” Read the full ASX Announcement: https://lnkd.in/gdeCzBDu #ASX #ASXNews #PowerMinerals #Niobium #Tantalum #RareEarths #BrazilExploration #PNN #MiningNews