Power Minerals Ltd (ASX:PNN) is gearing up for an intense stage of exploration at its niobium, REE, and lithium Nióbio project in Brazil next month. The company aims to drill up to 1,000 metres to assess targets identified through sampling programs and a recent LiDAR (Light Detection and Ranging) survey.
In preparation for the December first-pass reverse circulation (RC) drilling campaign, Power has locked in land access, secured a drill rig, and mobilised its technical team to the site.
Its focus – in addition to testing the outlined targets – will be on pinning down the structure and lithography of Nióbio, located in Brazil’s northeastern Paraiba State, as well as yielding geochemical data from the target areas.
Managing director Mena Habib said the company had high hopes for the maiden drilling campaign.
“We are focused on accelerated exploration, and our ability to now be preparing to undertake this first-pass drilling is a testament to our approach and progress,” she said.
“The Nióbio Project is an exciting exploration asset, and we are eager to continue exploration to unlock its value.”
At 13:15 AEDT, Power shares are trading at 10 cents – a rise of 2.04% since the market opened.
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