Power Minerals (ASX:PNN) will start a maiden drilling campaign at the Morro do Ferro (MDF) Rare Earths Project in southern Minas Gerais, Brazil, later this month following the completion of the acquisition.
The company will conduct 3,000m of diamond core drilling targeting the depth and extensions of magnetic rare earth oxides (MREO) and total rare earth oxides (TREO) mineralisation. An additional 800m of diamond core drilling will obtain material for comprehensive metallurgical testwork.
Drilling is expected to be completed in three months, with early results expected from June 2026.
Power Minerals completed the acquisition of MDF after a comprehensive due diligence campaign, which validated the project’s potential to host a substantial MREO resource estimate.
The company completed due diligence at MDF last month, covering corporate, financial, and technical activities, as reported by Mining.com.au.
Drilling is intended to push the project towards an estimate reflective of this objective.
CEO Alistair Stephens says the company is “delighted” to begin drilling at the MDF Project.
“Drilling is planned to begin this month and will include approximately 3,800m of diamond drilling, designed to expand the current mineralised footprint along strike and down-dip and enhance our understanding of the mineralogy at the MDF Project, to help facilitate a swift progression towards a maiden mineral resource estimate for the project,” Stephens says.
“The campaign is expected to be completed in the following quarter, and results are planned to be progressively released as they become available.”
The previous vendor returned up to 14.03% TREO and 26,418 parts per million (ppm) from sampling at the project.
Other results include 49,673ppm TREO, 26,074ppm TREO, 16,589ppm TREO, and 23,871ppm MREO.
Meanwhile, Power Minerals has temporarily suspended drilling at the Santa Anna Project to focus solely on fast-tracking the MDF Project. The company also intends to concentrate on further landholder negotiations to move into unexplored target areas.
Power Minerals is a critical minerals explorer and developer focused on advancing projects prospective for rare earths, niobium, and gallium in South America.
Write to Maddison Elliott at Mining.com.au
Images: Power Minerals
