Power Minerals' Musgrave Ni-Cu-Co-PGE Project Update

Power Minerals Limited (ASX: $PNN) has announced the identification of new copper targets at its Musgrave Ni-Cu-Co-PGE Project in South Australia. The re-analysis of historical drill samples has confirmed two new areas prospective for copper mineralisation at Mt Harcus and Mt Caroline. Recent analyses have returned up to 1.06% Cu by pXRF from historical drillhole RC06HAR012 in the 10-11 metre interval at Mt Harcus, indicating the need for further exploration.

Executive Commentary on Musgrave Ni-Cu-Co-PGE Project

The reassessment of historical drill samples has provided valuable insights into the potential for copper mineralisation at the Musgrave Ni-Cu-Co-PGE Project. The recent analyses have revealed promising results, particularly at Mt Harcus, indicating the presence of significant copper mineralisation. We are also pleased to have made progress in our planning for drilling at the Pink Slipper target, demonstrating our commitment to responsible and culturally sensitive exploration practices. The application for Retention Status over the two granted Musgrave tenements reflects our dedication to streamlining the administration of licences in the APY Lands, enabling us to focus on advancing our exploration efforts.

Summary of Power Minerals' Announcement

Power Minerals Limited (ASX: $PNN) has successfully identified new copper targets at its Musgrave Ni-Cu-Co-PGE Project in South Australia, with re-analysis of historical drill samples confirming the prospectivity of Mt Harcus and Mt Caroline. The company's commitment to responsible exploration practices is evident in its planning for drilling at the Pink Slipper target and the application for Retention Status over the granted Musgrave tenements. Power Minerals continues to demonstrate its dedication to advancing exploration activities while respecting cultural and environmental considerations. The outlook for the company remains focused on systematic exploration and development of its core assets, including the Salta Lithium Brine Project in Argentina, as it aims to contribute to the demand-driven commodities market.