Power Minerals (ASX: $PNN) announces confirmation of high-grade niobium, tantalum and rare earth elements at Lítio Project in Brazil

Power Minerals Limited (ASX: $PNN) has announced the confirmation of high-grade niobium, tantalum, and rare earth elements (REE) at its Lítio Project in Brazil. The additional reconnaissance sampling at the Lítio Project has verified the presence of high-grade niobium, tantalum, and REE pegmatites within the project area. The latest results include 63.7% Nb2O5 and 9.5% Ta2O5 with 2354ppm partial REO, 43.5% Ta2O5 and 17.5% NbO5 with 1062ppm partial REO, 41.3% NbO5 and 11.99 % Ta2O5 with 1793 ppm partial REO, and 48.4% Nb2O5 and 6.3% Ta2O5 with 4975ppm partial REO.

Executive Commentary on Lítio Project Sampling Results

Our latest results further confirm that niobium-tantalum-REE mineralised pegmatites, similar to those Summit Minerals has identified - and potentially part of the same magmatic event - are present within our Lítio project. We will now undertake a more systematic sampling program, consisting of outcrop rock chip and stream samples across the project area. This sampling will be used to prioritise targets and determine the most perspective areas. We will also investigate artisanal workings in the project area as a guide to defining prospective target areas. We are excited about the sampling results delivered to date and are in the process of further testing with results to follow shortly.

Summary of Power Minerals' Lítio Project Announcement

Power Minerals Limited (ASX: $PNN) has confirmed the presence of high-grade niobium, tantalum, and rare earth elements (REE) at its Lítio Project in Brazil. The additional reconnaissance sampling has provided significant results, indicating the presence of high-grade niobium, tantalum, and REE pegmatites within the project area. The company plans to undertake a more systematic sampling program to prioritize targets for follow-up exploration and determine the most prospective areas. The analytical sampling results were completed by ASIC Services in Santos, Brazil, and the company expects to commence the next phase of its sampling program at the Lítio Project in the coming weeks. Power Minerals remains committed to the development of its lithium assets in Argentina, exploration of the Lítio Niobium Project in Brazil, and delivering value from its non-core Australian assets.