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An update from PepinNini Minerals Limited ( (AU:PNN) ) is now available.
Power Minerals Limited has amended a previous announcement regarding its Rincon Lithium Project Joint Venture with Navigate Energy. The amendments clarify the category of mineral resources and material assumptions in the Preliminary Economic Assessment (PEA), while retracting potentially misleading financial forecasts. The Rincon Lithium Project, part of Power’s Salta Lithium Project, is nearing a significant milestone with the incorporation of a joint venture entity and the release of a $4 million investment from Navigate Energy. This development positions Power Minerals strategically within the lithium industry, leveraging its proximity to major players like Rio Tinto and Argosy Minerals.
The most recent analyst rating on (AU:PNN) stock is a Hold with a A$0.12 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 operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in lithium projects, with a significant focus on the Rincon Lithium Project in Argentina’s lithium triangle. Power Minerals collaborates with Navigate Energy to advance its projects, aiming to capitalize on the growing demand for lithium.
Average Trading Volume: 4,587,552
Technical Sentiment Signal: Hold
Current Market Cap: A$30.18M
For an in-depth examination of PNN stock, go to TipRanks’ Overview page.