Power Minerals Limited (ASX: PNN) is a diversified Australian mineral resources exploration company with a portfolio of projects in high-demand commodities across Argentina and South Australia. The company’s primary focus areas include lithium, nickel, copper, cobalt, platinum group elements (PGE), kaolin, and halloysite.
Key Projects:
- Salta Lithium Brine Project (Argentina): Located within the prolific Lithium Triangle, this project comprises the Rincon, Incahuasi, and Pular lithium brine projects. Notably, the Pular Project has a JORC Mineral Resource Estimate of 173,000 tonnes of Lithium Carbonate Equivalent (LCE). Power Minerals has entered into a fully funded joint venture with Heng Li Technology to develop the Pular Project, utilising advanced Direct Lithium Extraction (DLE) technology.
- Musgrave Nickel-Copper-Cobalt-PGE Project (South Australia): Situated in the Musgrave Province, this project targets nickel, copper, cobalt, and PGE mineralization. The region is known for its potential to host significant magmatic sulphide deposits.
- Eyre Peninsula Kaolin-Halloysite Project (South Australia): This project focuses on the exploration and development of high-quality kaolin and halloysite deposits, minerals with applications in ceramics, paper, and emerging technologies.
Recent Developments:
In October 2024, Power Minerals announced a fully funded joint venture with Heng Li Technology for the development of the Pular Lithium Project, securing 100% offtake for the lithium concentrate produced.
The company is committed to systematic exploration and development, aiming to meet the growing demand for critical minerals essential to modern technologies and the global energy transition.
Mena Habib – Managing Director
Mena Habib is the Managing Director of Power Minerals Limited, an Australian mineral resources exploration company. He has extensive experience in management, sales, and marketing, having run multiple businesses with millions of dollars in turnover. Mr. Habib possesses a strong depth of experience in investment markets, with specific expertise in emerging companies in the mineral resources sector. He is currently an authorised representative of a Melbourne-based corporate advisory and capital funding company and serves as a Non-Executive Director of Adelong Gold (ASX: ADG).
In January 2023, Mr. Habib was appointed Managing Director of Power Minerals, recognising his pivotal role in the company’s growth since his appointment as Executive Director in January 2022. He has been instrumental in establishing in-country relationships for the Salta Lithium Project in Argentina and formulating and implementing the project’s exploration and development strategy, focusing on expediting commercial outcomes. Under his leadership, Power Minerals has entered into Memorandums of Understanding (MoUs) with Direct Lithium Extraction (DLE) industry leader Sunresin New Materials Co. Ltd. and battery metals supply chain solutions provider Xiamen Xiangyu New Energy Co., Ltd. He has also overseen the commencement of a Mineral Resource definition drilling campaign at the Salta Project.
Mr. Habib’s leadership continues to drive Power Minerals’ strategic initiatives in the mining sector, focusing on the exploration and development of key demand-driven commodities in high-quality mineral belts in Argentina and South Australia.
Latest News
Power Minerals Limited (ASX:PNN) Santa Anna acquisition positions company for major carbonatite push in Brazil
Power Minerals Limited has completed the acquisition of the Santa Anna Niobium REE Gallium Carbonatite Project in Goiás State, Brazil, securing full ownership of the high grade 2.5 kilometre Alkaline...
Power Minerals (ASX:PNN) advances Incahuasi Lithium Project with conceptual development study
Power Minerals has delivered a Conceptual Development Study confirming the technical viability of a 5,000 tonne per annum lithium carbonate operation at the Incahuasi Lithium Project in Argentina.
Power Minerals (ASX:PNN) reports further high grade niobium and rare earth results at Santa Anna
Power Minerals has reported another round of high grade niobium and rare earth assay results from ongoing shallow auger drilling at the Santa Anna Project in Brazil.
Power Minerals (ASX:PNN) progresses incorporation of Rincon Lithium Joint Venture
Power Minerals (ASX:PNN) has finalised the documentation required to incorporate the Rincon Lithium Project Joint Venture company, enabling the release of Navigate Energy’s US$4 million investment to advance the project...
Power Minerals (ASX:PNN) partners with Gega Elements to develop gallium extraction strategy in Brazil
Power Minerals (ASX:PNN) has partnered with Australian technology innovator Gega Elements to develop a gallium extraction strategy for its Santa Anna Project in Brazil, advancing its goal of creating a...
Power Minerals Limited (ASX:PNN) Santa Anna auger drilling confirms high-grade niobium and rare earths
Power Minerals shallow drilling at Santa Anna has confirmed high-grade niobium and rare earths from surface.
