Power Minerals Limited (ASX:PNN)’s Post

We've expanded our portfolio by acquiring the Waterlander Project (E80/6046) in Western Australia's West Arunta region, adjacent to WA1 Resources Ltd's major Luni #niobium discovery. The region is known for its potential in niobium and rare earth elements. We aim to conduct ground gravity and geophysical surveys to identify drill targets related to magnetic features once the licence is granted. Additionally, detailed magnetic surveys will assist in mapping the concealed basement lithology. While the development of the Salta Lithium Project in Argentina remains our primary focus, the acquisition of Waterlander represents a strategic step in expanding our REE and niobium footprint, which includes the high-grade Dickson Well prospect in South Australia which returned a screened value of 14,152ppm (1.4%) TREO. Managing Director Mena Habib said, “The addition of the Waterlander Project is an exciting opportunity for Power to secure an early entry to an emerging world-class niobium province and complements the excellent REE results achieved from drilling at our Eyre Peninsula Project. Niobium is a key critical metal, and we look forward to commencing exploration and appraisal at the Project to gain a full understanding of the geological setting, so we can unlock its full value proposition.” Read the full ASX Announcement here: https://lnkd.in/gMqjQcEF #PNN #PowerMinerals #REE #rareearths #miningnews

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