PNN - Power Minerals

[burglar]

Exploration Commences Santa Ines Project Argentina:

Announcement

 

[burglar]

Hi,
Me again!
Good move today!!

 

[barney]

Hi,
Me again!
Good move today!!

I noticed that today Burg ...... I used to hold PNN a couple of years back ... A lot of potential and good management .... Hope it heads north for you

 

[burglar]

.... Hope it heads north for you

Hi barney,

And may your longs, head north for you!

 

[System]

On November 16th, 2017, PepinNini Minerals Limited changed its name to PepinNini Lithium Limited.

 

[System]

On September 11th, 2020, PepinNini Lithium Limited changed its name to PepinNini Minerals Limited.

 

[frugal.rock]

PNN probably worth a revisit / look at, going by recent action.
Name changes noted as per above system announcements.
Some weird price movement there up till the end of August in very thin volume. Not sure what ended that scenario?
Not held.

 

[Trav.]

this is getting pumped up on social media.....jump on the PNN train they say

 

[greggles]

this is getting pumped up on social media.....jump on the PNN train they say

Looks like this time social media was right. The PNN share price has shot up from 40c to 60c.

They released an Exploration Update yesterday that has generated a lot of interest and volume has spiked. Looks like there's not a lot of supply at the moment so the share price has seen some decent gains.

They certainly seem to have a lot going on for a company with an $18 million market cap.

 

[greggles]

One year later and things still moving along nicely.

Today PNN announnced that it has entered into an MoU with lithium extraction company Sunresin New Materials Co. Ltd. for the evaluation and development of the Salta Lithium Brine Project. This is a huge move forward toward production and I have no idea why this announcement was not flagged as market sensitive by the ASX.

New management look to be accelerating this project through to production, which is a very good strategy given the current lithium price. If all goes well, PNN should keep moving north long term. The fundamentals are there IMO.

 

[System]

On June 17th, 2022, Pepinnini Minerals Limited changed its name to Power Minerals Limited.

 

[Dona Ferentes]

Pepinnini Minerals Limited changed its name to Power Minerals Limited.

a bit of saline lithium, a bit of hard rock lithium, went looking for halloysite and come up with ionic RE, as you do. Now with m/c of $18 million and shares at 30c

High-grade heavy rare earth results returned from drilling at Eyre Peninsula Project
• 37-hole aircore (AC) drilling program for 1,568m completed at Eyre Peninsula Project, South Australia
• All samples returned greater than 1,000ppm TREO*
• Drilling targeted Dickson Well (EL6681) and Yeelanna (EL6677)
with highlight results including;
o 9m at 3,015ppm TREO of which 13.2% is HREO* from 41m,
including:
2m at 7,305ppm TREO of which 24.2% is HREO from 42m in hole PKD23-135 at Dickson Well.
o 10m at 2,097ppm TREO of which 8.3% is HREO from 10m in hole PKD23-161 at Yeelanna
• 7,495ppm TREO returned in sample PR-105 (over 1m) is the highest known clay-hosted REE concentration achieved in South Australia; and which included 32.8% of HREO (2,460 ppm)
• Results confirm a substantial increase in REE concentrations at Dickson Well from previous drilling, and the first reported REE concentrations from the Yeelanna area
• Drilling also confirmed kaolin mineralisation at Yeelanna and
samples from Yeelanna have also been submitted for halloysite analysis

 

[Dona Ferentes]

and a switch, refocus, roll of the dice

Power executes option to acquire high-grade niobium carbonatite project in Goiás State, Brazil​

Highlights
- Power has signed a binding letter of intent for an option to acquire the Santa Anna Niobium Project in Goiás State, central region of Brazil
- Santa Anna is a high-grade, drill-ready niobium carbonatite-hosted asset with drilling results up to 3.36% Nb2O5 - it is also prospective for REE and phosphate
- Notable niobium drilling results include:
o 14m at 0.71% Nb2O5 from 6M, incl. 5m at 1.18% Nb2O5 from 14m,
o 9m at 1.08% Nb2O5 from 2m, incl. 4m at 1.62% Nb2O5 from 3m
o 4m at 0.98% Nb2O5 from 18m, incl. 1m at 3.36% Nb2O5 from 19m
- The newly discovered Santa Anna project is located in Goiás State at the Catalão Complex
- If the option is exercised, the project will complement Power's existing portfolio of strategic critical minerals assets and strengthen its position as a South American-focused clean energy metals explorer and developer
- Drilling to define an Exploration Target to commence immediately, with further drilling designed to delineate a JORC Mineral Resource Estimate (subject to results and the exercise of the option)
- US$300,000 strategic investment to fund the option fee and initial exploration at Santa Anna Project

... last 3 years

 

[Dona Ferentes]

$0.061

ABOUT POWER MINERALS LIMITED
Power Minerals Limited is an ASX-listed exploration and development company. We are focused on transforming our lithium resources in Argentina, exploring our promising niobium and other critical mineral assets in Brazil, and maximizing value from our Australian assets.

Highlights
- Power has discovered multiple high-grade gallium results from a review of historic drilling at the Santa Anna niobium carbonatite project in Goiás State, Brazil

- hard at work. Time to clean up the etc portfolio