High-grade rare earth and niobium put Power Minerals’ Brazilian play on path to resource
Power Minerals has reported high grade results of up to 3226ppm niobium and 1.3% TREO from auger drilling at the newly acquired Santa Anna project in Brazil.
Special Report: Power Minerals has reported more high-grade niobium and rare earths at its Santa Anna project in Brazil, bolstering the project’s resource potential.
- PNN reports more high-grade niobium and rare earths from Santa Anna project
- Company finalised acquisition this week, cementing foothold in South America
- 10,000m RC program set to commence near-term
The company finalised its acquisition of the project earlier this week, cementing its position as an emerging South America-focused clean energy metals explorer and developer.
Historical results have highlighted the project’s expansion potential at depth, and now these latest assays from 1000m auger drilling targeting the top 15m have returned multiple high-grade results, including:
- 16m at 4462ppm TREO surface to End of Hole (EOH); including 2m at 12,261ppm (or 1.23%) TREO from 1m (MN-TM020)
- 15m at 5686ppm TREO from surface to EOH, including 7m at 8429ppm TREO from 1m, and 2m at 13,034ppm (or 1.30%) TREO from 1m (MN-TM-021)
- 18.5m at 4398 ppm TREO from surface to EOH, including 3m at 12,297ppm (or 1.23%) TREO from 9m (MN-TM-022); and
- 7m at 2221ppm Nb2O5 from 5m, including 2m at 3226ppm Nb2O5 from 9m (MN-TM-022).
Power Minerals (ASX:PNN) says the consistent high-grade results to date help confirm the scale of the ‘weathered zone’ and validate and enhance the near-surface resource potential.
In parallel, a 10,000m RC drilling campaign is set to commence to extend the mineralised footprint east and south-east of initial drilling, in untested areas of the Santa Anna Alkaline Complex.
The first-phase 2000m program is planned to start this month.
Resource estimate due Q1
PNN is confident of the evolving, significant potential scale of the targeted near-surface weathered zone at the project, and plans to deliver the first mineral resource estimate for the Santa Anna alkaline carbonatite complex in Q1 2026.
“The continuing consistent, high-grade results from our ongoing auger drilling at Santa Anna validate and enhance our exploration model, and also builds confidence in the significant resource potential of the shallow, weathered zone,” MD Mena Habib said.
“We have already outlined our plans for the next phase of drilling at Santa Anna, which includes a significant reverse circulation campaign of up to 10,000 metres.
“This initiative is designed to rapidly deepen our knowledge of the project's geology outside the parameters of our current drilling.
“The initial phase of 2000 metres of RC drilling is set to commence shortly, with assay results and additional drilling scheduled to follow systematically over the next few months.”
This article was developed in collaboration with Power Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
