Power Minerals (ASX:PNN) has backed up Monday’s Morro do Ferro result with another broad, high-grade rare earths hit from its third hole.
MFSR-053 returned 108.55m at 4.15% TREO from surface, including 29.25m at 9.01% TREO and a 6.45m zone at 9.34% TREO containing 2.87% MREO of whole rock.
The standout sample was 1.45m at 4.40% MREO, a new project record.
Three holes, one emerging pattern
That follows MFSR-052, which returned 137m at 4.31% TREO from surface, including 53m at 9.87% TREO, and MFSR-051 before it.
Across the three holes, the headline message is consistency. Broad mineralisation from surface, high-grade internal zones and strong magnet rare earth content.
Figure 1: Cross-section looking northwest showing the current Power Minerals drillholes.
Now it is going deeper
The latest hole also returned three separate mineralised intervals below 180m, pushing rare earth mineralisation deeper than previously demonstrated at the project.
Power also reported 2m at 124.5ppm gallium from 62m, topping the previous verified gallium result from MFSR-052.
CEO Alistair Stephens said the results continue the pattern of broad, high-grade mineralisation while adding evidence that the system may extend deeper.
What’s next
Power now has two rigs turning in a planned roughly 25-hole, 4,000m program, with more assays pending and dedicated metallurgical sampling still to come.
Monday showed the scale, today added more grade and more depth.
Morro do Ferro is starting to build a habit.
