Power Minerals flags standout magnetic rare earth grades at Brazil’s Morro do Ferro project

The latest update is out from PepinNini Minerals Limited ( (AU:PNN) ).

Power Minerals Limited has highlighted exceptional concentrations of magnetic rare earth elements at the Morro do Ferro project in Minas Gerais, Brazil, which it is currently evaluating for acquisition from Mineração Terras Raras. The project sits within the prolific Poços de Caldas rare earths district and hosts high grades of neodymium, praseodymium, dysprosium and terbium, the four elements that account for more than 80% of rare earth market value.

Recent drilling data from prior operators show standout intercepts, including 3.53% magnetic rare earth oxides over 2 metres and multiple long mineralised intervals exceeding 1% MREO from surface, suggesting robust grade continuity and strong magnet-REE potential. Power Minerals believes the deposit remains open at depth and along strike, with scope for additional satellite deposits, and notes the project’s favourable topography could simplify mine design and enhance economics, potentially making Morro do Ferro a flagship asset in its portfolio if the acquisition proceeds.

The most recent analyst rating on (AU:PNN) stock is a Hold with a A$0.11 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 company focused on critical minerals, including rare earth elements, with a growing portfolio of projects in key global jurisdictions. The company is targeting high-value magnetic rare earths, positioning itself to supply materials essential for magnet production and clean energy technologies.

Average Trading Volume: 2,248,213

Technical Sentiment Signal: Hold

Current Market Cap: A$37.32M

See more data about PNN stock on TipRanks’ Stock Analysis page.