Power Minerals (ASX: $PNN) initial sampling results at Lítio Project, Brazil

Power Minerals Limited (ASX: $PNN) has announced the confirmation of niobium, tantalum and rare earths across the Lítio Project in Brazil. The initial sampling results have revealed high-grade mineralisation, including 37.9% NbO5 and 12.3% Ta2O5 with 3200ppm partial REO in sample P0454/24, 43.3% Ta2O5 and 17.8% Nb2O5, with 1002ppm partial REO in sample P0453/24, and 40.6% Ta2O5 and 18.8% NbO5, with 1023ppm partial REO in sample P0457/24.

Power Minerals Managing Director Mena Habib on Lítio Project results

Our results 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 (Garimperios) in the project area as a guide to defining prospective target areas.

Summary of Power Minerals (ASX: $PNN) announcement

Power Minerals Limited (ASX: $PNN) has confirmed the presence of high-grade niobium, tantalum and rare earths at the Lítio Project in Brazil through initial sampling results. The company plans to undertake a more systematic sampling program to prioritize targets for follow-up exploration and investigate artisanal workings in the project area. The analytical sampling results were completed by ASIC Services in Santos, Brazil, and Power expects to commence the next phase of its sampling program in the coming weeks. Additionally, the company is set to finalize due diligence for the Lítio Project and has an option to acquire it. Power Minerals is committed to the development of its lithium assets in Argentina and delivering value from its non-core Australian assets.