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The latest update is out from PepinNini Minerals Limited ( (AU:PNN) ).
Power Minerals Limited has begun a major third-phase reverse circulation drilling campaign of up to 10,000 metres at its Santa Anna niobium-REE-gallium project in Brazil, following earlier RC and auger programs that intersected broad niobium zones and high-grade rare earth mineralisation. The new program is designed to extend the mineralised footprint to the west and at depth within the Santa Anna Alkaline Complex, deliver regularly spaced sampling to refine the mineralisation model and support an updated Mineral Resource Estimate, and follow up on strong prior results such as drillhole MN-RC-009, which returned 51 metres at 1.16% TREO from surface. With drilling expected to conclude by late March 2026 and Power having exercised its option to acquire the entire 17.05km² project area, the campaign underscores the project’s potential scale and depth extensions, and could materially enhance the company’s resource base and positioning in the critical niobium and rare earths sector if results are positive.
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 (ASX: PNN) is an Australian exploration and development company focused on critical minerals, including niobium, rare earth elements (REE) and gallium, with a key project at the Santa Anna niobium-REE-gallium carbonatite complex in Goiás State, central Brazil. The company is targeting high-grade mineralisation in both the shallow weathered zone and at depth within a large alkaline complex, aiming to define and expand mineral resources in a region of growing strategic importance for critical metals supply.
Average Trading Volume: 2,703,657
Technical Sentiment Signal: Hold
Current Market Cap: A$35.75M
See more insights into PNN stock on TipRanks’ Stock Analysis page.