Latest news with #MenaHabib
The Australian
6 days ago
- Business
- The Australian
Long Shortz: Power Minerals
Tylah Tully chats with Power Minerals (ASX:PNN) managing director Mena Habib, exploration manager Steven Cooper and EDEM Group's new business director Luiz Curado tuned in from Brazil. Power, in partnership with EDEM, is rapidly advancing its Santa Anna Project in Goiás, targeting critical minerals niobium and rare earths. Recent drilling has confirmed high-grade mineralisation not only from surface but also extending into the hard rock, suggesting significant resource potential at depth. Backed by a strong in-country partner in EDEM, and operating in a mining-friendly jurisdiction, Power is positioning itself to capitalise on growing global demand for critical minerals -particularly from the U.S. Watch the video to learn more. This video was developed in collaboration with Power Minerals, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
The Australian
28-07-2025
- Business
- The Australian
PNN secures Pocitos water drilling approval
Special Report: Power Minerals has received the green light to carry out hydrological drilling to advance its Rincon Lithium joint venture project in Argentina's Salta province. Power Minerals gets approval for hydrological drilling at Rincon joint venture in Argentina's Salta province Drilling targets industrial water source needed for direct lithium extraction operations at Pocitos project Navigate Energy poised to release US$4 million investment commitment for JV The drilling at the Pocitos project within the JV area is aimed at securing an industrial water source, which is essential for direct lithium extraction operations. This program will explore freshwater resources within the extensive alluvial fan northeast of the Pocitos salar. Finding a source of industrial water will strengthen Power Minerals' (ASX:PNN) plan to establish the Rincon JV with Navigate Energy as a lithium carbonate production hub in South America. 'Moving ahead with drilling to identify an industrial water source helps us progress our development plans,' managing director Mena Habib said. 'Pocitos has the potential to offer this required water source and we look forward to seeing what drilling will reveal.' Pocitos project The Pocitos project sits within Salta province in South America's famed lithium triangle, a region recognised as the go to destination for lithium brines drawing majors and juniors alike. Pocitos itself benefits from direct access to the General Belgrano Railway connecting to Pacific (Chile) and Atlantic (Argentina) ports, integration with existing natural gas pipelines and connection to the Cauchari and Altiplano solar farms, and support from a reliable legal and regulatory mining framework along with a skilled workforce. Ongoing infrastructural improvements such as the paving of highway Route 27, a planned high-voltage electrical connection from Cauchari, and a 435-hectare industrial park at Pocitos, add further to the project's strength. PNN adds that integration of the Rincon JV entity is nearing completion, which will release US$4 million in investment from Navigate Energy as part of its commitment. This includes funding dedicated to both Rincon and Pocitos development activities. The broader Rincon JV area has a JORC resource of 292,564t lithium carbonate equivalent at a lithium concentration of 248mg/L. Development will be through the use of direct lithium extraction, which has been proven to deliver substantial cost, water, and energy savings compared to traditional methods. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Mercury
28-07-2025
- Business
- Mercury
PNN secures Pocitos water drilling approval
Special Report: Power Minerals has received the green light to carry out hydrological drilling to advance its Rincon Lithium joint venture project in Argentina's Salta province. Power Minerals gets approval for hydrological drilling at Rincon joint venture in Argentina's Salta province Drilling targets industrial water source needed for direct lithium extraction operations at Pocitos project Navigate Energy poised to release US$4 million investment commitment for JV The drilling at the Pocitos project within the JV area is aimed at securing an industrial water source, which is essential for direct lithium extraction operations. This program will explore freshwater resources within the extensive alluvial fan northeast of the Pocitos salar. Finding a source of industrial water will strengthen Power Minerals' (ASX:PNN) plan to establish the Rincon JV with Navigate Energy as a lithium carbonate production hub in South America. 'Moving ahead with drilling to identify an industrial water source helps us progress our development plans,' managing director Mena Habib said. 'Pocitos has the potential to offer this required water source and we look forward to seeing what drilling will reveal.' Pocitos project The Pocitos project sits within Salta province in South America's famed lithium triangle, a region recognised as the go to destination for lithium brines drawing majors and juniors alike. Pocitos itself benefits from direct access to the General Belgrano Railway connecting to Pacific (Chile) and Atlantic (Argentina) ports, integration with existing natural gas pipelines and connection to the Cauchari and Altiplano solar farms, and support from a reliable legal and regulatory mining framework along with a skilled workforce. Ongoing infrastructural improvements such as the paving of highway Route 27, a planned high-voltage electrical connection from Cauchari, and a 435-hectare industrial park at Pocitos, add further to the project's strength. PNN adds that integration of the Rincon JV entity is nearing completion, which will release US$4 million in investment from Navigate Energy as part of its commitment. This includes funding dedicated to both Rincon and Pocitos development activities. The broader Rincon JV area has a JORC resource of 292,564t lithium carbonate equivalent at a lithium concentration of 248mg/L. Development will be through the use of direct lithium extraction, which has been proven to deliver substantial cost, water, and energy savings compared to traditional methods. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Power Minerals gains water drilling approval to advance Pocitos lithium production hub
Yahoo
21-05-2025
- Business
- Yahoo
Power Minerals partners with EDEM for niobium carbonatite project in Brazil
Power Minerals has formed a strategic partnership with Brazilian mining company EDEM to advance the Santa Anna niobium carbonatite project in Goiás State, Brazil. The move follows a binding letter of intent signed earlier this month for an exclusive option to acquire the project. EDEM discovered the Santa Anna project in 2021 and is currently the project vendor. Under the strategic partnership, Power Minerals will focus on exploring and developing the Santa Anna project's critical minerals, while EDEM will concentrate on the project's phosphate potential. Both companies will also explore other collaborative opportunities within EDEM's project portfolio. Power Minerals will conduct due diligence for the acquisition, which could boost the company's profile as a South American-focused clean energy metals explorer and developer. EDEM will provide technical support and an auger drill rig for Power Minerals' upcoming due diligence drilling campaign at a fraction of the usual cost. Power Minerals managing director Mena Habib said: 'This strategic partnership offers strong benefits to Power and EDEM. The chance to secure a project opportunity such as Santa Anna is rare, and being able to tap into the expertise, knowledge and local network of EDEM would certainly help us accelerate work on the project, if our due diligence stacks up and we move ahead with its acquisition. 'EDEM has been looking for a partner to work with on this project and can provide Power with support that would vastly increase our ability to move Santa Anna forward and deliver value to our shareholders. We are already seeing the fruits of this partnership with significant cost savings across the drilling, staff and laboratory analysis.' Santa Anna has a comprehensive drilling database and is prospective for rare earth elements (REEs) and phosphate, with significant REE mineralisation identified in preliminary assessments. The project's extensive undrilled areas offer further exploration potential. Exploration permits are in place, and Power Minerals plans to conduct at least 2,000m of reverse circulation drilling to confirm an exploration target as per the 2012 JORC Code. Power Minerals has also completed a $1.3m (A$2.02m) placement to fund niobium, gallium and REE exploration. Following successful initial drilling and acquisition completion, Power Minerals intends to delineate a maiden JORC-compliant mineral resource estimate. In August 2024, Power Minerals closed the acquisition of the Lítio niobium project in Brazil from Ita Iron Mineracao after completing legal due diligence. "Power Minerals partners with EDEM for niobium carbonatite project in Brazil" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
