Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
PepinNini Minerals Limited ( (AU:PNN) ) has shared an update.
Power Minerals will launch a maiden diamond drilling campaign this month at its newly acquired Morro do Ferro Rare Earths Project in Brazil, aiming to unlock value from what it describes as a very high-grade REE asset. The program totals about 3,800 metres of drilling, including 3,000 metres targeting depth and extensions of known Magnetic and Total Rare Earth Oxides mineralisation and 800 metres of larger-diameter core for metallurgical test work.
The campaign follows completion of due diligence and acquisition of the project, which previous sampling has shown hosts extremely high-grade REE intervals from surface. Drilling, expected to run for up to three months with results progressively released from June 2026, is intended to expand the mineralised footprint and support a maiden Mineral Resource Estimate, potentially strengthening Power Minerals’ position in the rapidly developing Brazilian rare earths sector.
More about PepinNini Minerals Limited
Power Minerals Limited is an Australia-based exploration company focused on critical minerals, with its shares listed on the ASX under code PNN and on the OTCQB as PEIMF. The company is advancing rare earth element (REE) projects, with a key focus on the high-grade Morro do Ferro Rare Earths Project in the Poços de Caldas alkaline complex in southern Minas Gerais, Brazil, an emerging global rare-earth hub.
YTD Price Performance: 48.81%
Average Trading Volume: 2,197,415
Technical Sentiment Signal: Buy
Current Market Cap: A$44.04M
For detailed information about PNN stock, go to TipRanks’ Stock Analysis page.