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Power Minerals Limited (ASX:PNN)

ALERT: Price-sensitive ASX Announcement for PNN
Current share price for PNN : $0.105 -0.03 (-22.22%)+
Announcement
Release
22 Jun 2026 8:17AM
Price at Release
$0.135
Full Release
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Summary
Power Minerals Limited is progressing with the Morro do Ferro Rare Earth Oxide project located in Minas Gerais, Brazil, aiming to develop a premium magnet rare earth product. The company's mineralogy program is focusing on the high-value rare earth elements Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), and Terbium (Tb), which are critical for creating high-performance permanent magnets. The project features mineralisation rich in bastnasite, a source of valuable rare earths, while efforts are being made to selectively remove lower-value cerium. The findings from this initiative are expected to impact future project economics and design, with significant potential to enhance the project's standing in the global rare earth market.
Key Points
  • Power Minerals Limited is advancing the Morro do Ferro Rare Earth Oxide (REO) project in Brazil.
  • The mineralogy program targets high-value Nd-Pr-Dy-Tb products.
  • The program aims to simplify process design and improve project economics.
  • Morro do Ferro contains bastnasite and cerianite mineralisation.
  • Bastnasite is rich in high-value magnet rare-earths such as Nd, Pr, Tb, and Dy.
  • Initial assays from the drilling program are expected in July 2026.
  • The project is positioned to be a differentiated magnet rare-earth development project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.