Santa Anna Drilling Yields Up to 1.6% TREO; Rincon Lithium JV Terminated

Santa Anna Project, High-Grade Results and New Targets

Power Minerals Limited has reported a series of impressive high-grade rare earth element (REE) and niobium assay results from its ongoing auger drilling program at the Santa Anna Project in Brazil. The shallow drilling, targeting the weathered top 15 metres of the carbonatite alkaline complex, returned multiple significant intercepts, including intervals exceeding 1% total rare earth oxides (TREO). These results reinforce the project's potential, with mineralisation starting at surface and remaining open at depth and along strike.

Complementing the drilling, a drone-supported aerial magnetic and digital elevation model (DEM) survey was completed, revealing previously undetected structural features. This geophysical data will guide the prioritisation of niobium targets in upcoming exploration phases. Following these encouraging developments, Power plans a substantial reverse circulation (RC) drilling campaign of up to 10,000 metres to extend the mineralised footprint east and southeast of initial drilling zones.

Strategic Shift at Rincon Lithium Project

In Argentina, Power Minerals has terminated its joint venture agreement with Navigate Energy Technology Limited over the Rincon Lithium Project, thereby regaining 100% ownership. This strategic move is designed to maximise shareholder value amid a strengthening lithium market. Power is actively engaging with new funding and development partners to fast-track Rincon's progression, including an engineering study focused on installing evaporation ponds to enhance lithium extraction.

The company also plans to establish a production hub at its nearby Pocitos Project, leveraging existing infrastructure and freshwater resources to support processing operations. The termination of the JV is contingent on the repayment of US$1 million previously facilitated by Navigate Energy, with the process expected to conclude by late February 2026.

Advancing Incahuasi Lithium Project

Power Minerals’ Incahuasi Lithium Project study, conducted jointly with Summit Nanotech Corporation, confirmed the technical viability of the project and outlined a clear development pathway. The study supports on-site brine extraction and concentration, followed by transportation to a central direct lithium extraction (DLE) facility for lithium carbonate production. With a substantial measured and indicated mineral resource exceeding 235,000 tonnes lithium carbonate equivalent, the project is poised to advance to a pre-feasibility study within six months.

Corporate and Financial Highlights

On the corporate front, Power Minerals successfully completed capital raisings totaling nearly A$6 million during the quarter and commenced trading on the OTCQB market in the United States under the ticker “PEIMF,” broadening its investor base. The company ended the quarter with a cash position of A$3.75 million, supporting ongoing exploration and development activities.

Overall, Power Minerals is strategically positioning itself across critical mineral sectors, with promising exploration results in Brazil and Argentina and a clear focus on advancing lithium projects amid favourable market conditions.