Power Minerals (ASX:PNN) has landed a huge critical minerals win at its Santa Anna project in Brazil, intersecting wide zones of both niobium and rare earths through a 29-hole maiden drilling campaign at the site.
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The best result chalked up in the drilling was 87 metres at 2,1234ppm niobium pentoxide from 24 metres, including one metre at 5,745ppm from 107 metres.
Another standout intersection dug up 76 metres down recorded 3,424ppm niobium pentoxide from 26 metres and ended in rich mineralisation.
“These results reinforce the strong results from the recently released first hole,” Power’s managing director, Mena Habib, declared today, “and help validate our exploration model for the project, which is focused on exploiting the depth potential to host a significant niobium and rare earths deposit.”
And even better, Mr Habib added, is that returned grades were “consistent across the program” – and set up an expansion move for Power at Santa Anna.
“Power has an exclusive option to secure a footprint over the entire Santa Anna Alkaline Complex, which still has a very large portion of the tenure yet to be drill-tested,” he explained. “This is an exciting exploration opportunity.”
Should that Santa Anna option be activated, Power would take control of the entire 17.05sqkm permit, which hosts Nb, REE, and Ga in weathered sections.
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While the Australian explorer mulls that option, HotCopper understands it’s also cracking on towards more untested areas in the Alkaline Complex, which still has as much as 89.3% more surface area to be explored.
PNN dipped on the news today, dumping -10% in value to lunchtime.
The slide leaves Power at around 7cps; down as much as -24% through 2025 YTD.
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