Power Minerals reports high‑grade rare‑earth oxide drill results at Morro do Ferro, Brazil

Power Minerals Ltd (ASX:PNN) announced exceptional drill results from its first hole (MFSR‑051) at the Morro do Ferro project in Minas Gerais, Brazil. The 116‑metre interval intersected 4.78% total rare‑earth oxides (TREO), including 10% TREO over 31 metres and 1.58% magnet rare‑earth oxides (MREO) from 14 metres depth. Individual core samples showed up to 18.12% TREO and 3.66% MREO over a two‑metre section. The hole also returned high‑grade gallium, averaging 51.7 ppm and peaking at 62.4 ppm. CEO Alistair Stephens said the results reinforce confidence in the project and support the company’s U.S.‑focused market strategy. Power plans about 25 drill holes totaling 4,000 m of diamond core and additional PQ core work, with a maiden resource estimate targeted for the end of CY26.