Power Minerals (ASX:PNN) Salta Lithium Project Development Update

Power Minerals Limited (ASX:PNN) has successfully executed a bespoke, project-specific strategy for the development of its Salta Lithium Project in the Lithium Triangle, the Salta province, north-west Argentina. The project consists of five salares (salt lakes) over a total area of 145.3km2. Power is focused on the accelerated development of the Salta project area into a potential, future lithium producing operation, with the goal of monetising the Project's key assets and delivering cash-flow and value to shareholders.

Power Minerals Managing Director, Mena Habib, on Salta Lithium Project Development Strategy

Acknowledging the different properties of each salar within the Salta Lithium Project, we have executed a strategy of finding the right partner to develop each project within the wider Project area. We are delighted with our partners at each project. In each case, the quality of our assets has attracted partners with the specific lithium extraction technologies required help us unlock and develop the lithium brines at each project. Importantly, we have agreements in place that cover the entire JORC Mineral Resource base at the Salta Project. We will continue to execute our plan to develop the Rincon, Incahuasi and Pular Projects in parallel with each other, and look forward to sharing details of our progress, as we seek to maximise the opportunity to deliver significant value from the Salta Project.

Power Minerals' Salta Lithium Project Development Strategy Summary

Power Minerals Limited (ASX:PNN) has successfully executed a project-specific strategy for the development of its Salta Lithium Project, securing separate development partners for each key project within the wider project area. This approach aims to match the properties of the brines at each project to the most appropriate lithium extraction technologies, enabling the company to attract the right development partner for each project. The strategy also facilitates easier management of development timelines, lower project funding requirements, and provides an achievable development pathway for the Salta Project's core assets, ultimately aiming to deliver shareholder value. Power Minerals remains focused on the accelerated development of the assets within the Salta Project into potential, future lithium producing operations and will continue to update the market on its progress towards this goal.