PNN has secured a rare opportunity to acquire a high-grade niobium, gallium and rare earths carbonatite-hosted asset in Brazil, with historic assays up to 3.36% Nb, 232.7g/t Ga and 35,473ppm TREO.
Santa Anna’s carbonatite complex spans 5.8km² within a 17.2km² total project area and has a total of 221 drill holes for 7,649m, of which 17 holes for 1,019m were diamond drilling. Notable historical niobium drilling results include 14m at 0.71% Nb from 6m, incl. 5m at 1.18% Nb from 14m, 9m at 1.08% Nb from 2m, incl. 4m at 1.62% Nb from 3m and 4m at 0.98% Nb from 18m, incl. 1m at 3.36% Nb from 19m.
There are only three operating primary niobium mines in the entire world, which collectively account for around 98% of total global supply. Canada’s niobium mine, which runs a head grade of 0.42% with underground mining, sold for US$530 million in 2015. A key target in PNN’s staged payment schedule is delineating a 35Mt at 0.75% Nb resource.
Given that most of gallium’s demand comes from tech, renewable energy and the defence sector – China control of 98% of global output, and their recent ban of its export to the US in 2024, has raised a whole raft of issues that threaten to damage many critical industries. Prices have risen from US$298/kg in 2020 to US$1042/kg in 2025, and demand is forecast to grow at a 24.5% CAGR between 2025 and 2032.
Read our coverage on PNN
- PNN’s Maiden MDF Hole Delivers 58m at 8.36% TREO and a New 3.66% MREO PeakHigh impact depth and strike extensional drilling is ongoing as the first assay from Power Minerals’ (ASX: PNN) Morro do Ferro Project has rolled in, as the company continues to test key growth prospects at one of the highest grade rare earths assets in the world. This spectacular initial hole has validated the previous drilling… Read more: PNN’s Maiden MDF Hole Delivers 58m at 8.36% TREO and a New 3.66% MREO Peak
- PNN Launches Drilling Campaign As US REE Interest Surges and Prices ExplodeA 3,800m diamond drilling campaign will begin this month at Power Minerals’ (ASX: PNN) ultra high-grade Morro do Ferro REE project in Brazil, following up on outstanding assays such as 60.85m at 89,177ppm (8.92%) TREO – and right as the US$368 million IPO of Rare Earths Americas (NYSE REA) hit the boards with a flagship… Read more: PNN Launches Drilling Campaign As US REE Interest Surges and Prices Explode
- PNN Acquires Ultra High Grade Rare Earths Project Alongside $10m Raise, Appoints Former ARU Boss as CEO and Lands Lithium JV PartnerWith excitingly similar geology and grade to US$9 billion market cap MP Materials’ (NYSE: MP) Mountain Pass Mine, and as NdPr prices have catapulted to US$123/kg while the American government has headed to Brazil to invest US$565 million in a rare earths mine, PNN has locked in the option to execute a brilliant acquisition of… Read more: PNN Acquires Ultra High Grade Rare Earths Project Alongside $10m Raise, Appoints Former ARU Boss as CEO and Lands Lithium JV Partner
- Lithium Rips as the Market Looks Towards Low-Cost Brine ProjectsA raft of extremely exciting newsflow across the rare earths, niobium, and lithium projects from one of our top portfolio performers – Power Minerals (ASX: PNN) – effectively drove it to a market cap over $75 million at $0.305/share – up from our initiation valuation of $8 million market cap at $0.057/share in July. Its… Read more: Lithium Rips as the Market Looks Towards Low-Cost Brine Projects
- US Government Throws Billions at Rare Earths, Niobium Use Cases Explode as PNN continues to hit widespread, high-grade mineralisation at Santa AnnaAs the US government steps in with an unprecedented rare earths price floor and prolific direct funding, while global interest in niobium and its high-tech uses has exploded, Power Minerals (ASX: PNN) has recently released widespread, spectacularly high-grade assays up to 43,385ppm TREO and 14,711ppm Nb across its flagship Santa Anna carbonatite complex in Brazil.… Read more: US Government Throws Billions at Rare Earths, Niobium Use Cases Explode as PNN continues to hit widespread, high-grade mineralisation at Santa Anna