Power takes full control of ‘highly sought-after’ Santa Anna project after confirming district-scale potential

Power Minerals (ASX:PNN) has today added the Santa Anna Niobium-REE-Gallium Carbonatite Project in Brazil to its ever-expanding clean energy metals portfolio in South America, following confirmation of the “highly sought-after” Goiás State location’s district-scale potential through drilling.

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The Australian explorer has been working at Santa Anna since signing an exclusive acquisition option in April 2025, focusing on due diligence alongside maiden drilling across the standout Brazilian carbonatite complex.

The project acquisition has the potential to become a “company-changing asset,” Power’s managing director, Mena Habib, said in a release today.

“Carbonatite-hosted projects are highly sought-after,” Ms Habib explained, “and our ability to acquire the Santa Anna Project, complete with an extensive historic drilling database, represents a significant opportunity.”

Santa Anna spans 2.5 kilometres and hosts a substantial dataset from 192 historical drill holes across 5,377 metres, alongside surface sampling and trenching.

Earlier drilling by project vendor EDEM had targeted phosphate, which led to large chunks of the intrusion untested for niobium and REE mineralisation. Power’s due diligence hunt – a 29 RC hole, 2,272-metre campaign – intersected broad, high-grade zones of both in surface weathered zones and fresh rock.

This is where Power will start now that it commands 100% control; the campaign will start with a major reverse circulation run of up to 1,000 metres, targeting a maiden JORC MRE in Q1 2026. The first phase will start in January.

“The first phase of this campaign is due to commence next month,” Ms Habib confirmed for shareholders. “We look forward to reporting material results.”

PNN heads into Tuesday morning trade at 8.8cps.

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