InvestSMART

Power Minerals Limited (ASX:PNN)

ALERT: Price-sensitive ASX Announcement for PNN
Current share price for PNN : $0.170 0.065 (61.90%)+
Announcement
Release
30 Jul 2026 4:29PM
Price at Release
$0.105
Full Release
download
Summary
Power Minerals Limited released its June 2026 Quarterly Activities Report, highlighting significant progress and strategic developments. The company commenced a diamond drilling campaign at the Morro do Ferro Rare Earths Project in Brazil, aiming to expand the high-grade rare-earth mineralized footprint and enhance geological understanding. The drilling involves 4,000m of core drilling for depth and expansion, and 800m for metallurgical samples. High-grade results from previous drilling are being tested. Additionally, Power secured a A$1.7 million investment from a major international resources fund and appointed a new non-executive director. The report also details various tenements held across regions including Australia, Argentina, and Canada, maintaining a strong focus on lithium and rare earth elements exploration.
Key Points
  • Commencement of diamond drilling at Morro do Ferro Project, Brazil.
  • Drilling to expand and upgrade high-grade rare-earth mineralization.
  • Strategic investment of A$1.7 million secured.
  • Appointment of a new US-based non-executive director.
  • Strong focus on lithium and rare earth elements exploration.
  • Maintenance of various tenements across Australia, Argentina, and Canada.
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.