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PepinNini Minerals Limited ( (AU:PNN) ) has provided an update.
Power Minerals reported strong December quarter activity highlighted by high-grade rare earth and niobium assay results from its ongoing shallow auger drilling at the Santa Anna project in Brazil, where it now holds 100% ownership of a ~2.5km complex that remains largely untested. The company is planning a major follow-up drilling campaign of up to 10,000m and has completed a drone magnetic and digital elevation survey to refine drilling targets, aiming to expand the mineralised footprint at depth and along strike. In Argentina, Power has terminated its Rincon lithium joint venture to regain full ownership and is seeking new partners while advancing engineering studies on evaporation ponds, and it has confirmed the technical viability and development pathway for the Incahuasi lithium project, which is expected to move into pre-feasibility within six months. On the corporate front, the company began trading on the US OTCQB market under the code PEIMF and continues to review additional value-accretive project opportunities, underscoring its efforts to broaden funding access and strengthen its portfolio of critical mineral assets.
The most recent analyst rating on (AU:PNN) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on PepinNini Minerals Limited stock, see the AU:PNN Stock Forecast page.
More about PepinNini Minerals Limited
Power Minerals Limited is an ASX-listed exploration and development company focused on battery and critical minerals, including rare earth elements (REE), niobium and lithium. Its key assets include the Santa Anna REE-niobium-gallium project in Brazil and the Salta lithium projects in Argentina, positioning the company in emerging supply chains for energy transition and high-tech applications.
Average Trading Volume: 2,703,657
Technical Sentiment Signal: Hold
Current Market Cap: A$35.75M
For detailed information about PNN stock, go to TipRanks’ Stock Analysis page.