Power Minerals Limited has initiated an extensive 2,000‐metre reverse circulation drilling program at its Santa Anna Project in Goiás State, Brazil. The drilling work, managed by local contractor Foraco, is a key component of the company’s due diligence in relation to its exclusive option to acquire this high‐grade niobium, rare earth element (REE) and gallium carbonatite-hosted asset. Previous drilling on the Santa Anna Project has recorded notable intersections, including intervals such as 14 metres at 0.71% Nb2O5 and high-grade REE intercepts with values up to 35,473ppm TREO, as well as significant gallium values reaching 232.7g/t Ga2O3. The current program is designed to confirm and extend these mineralised zones while also testing previously unexplored sections within the complex, with the majority of the drillholes expected to be less than 100 metres deep to better target the enriched near-surface material. The drilling, expected to be completed within four weeks and with results anticipated in early the third quarter of 2025, forms part of a broader strategic initiative. Should the forthcoming assay data support previous findings, Power Minerals Limited intends to exercise its option to acquire the Santa Anna Project, thus strengthening its portfolio of critical minerals and reinforcing its focus on clean energy metals exploration and development in South America. In parallel, the company has also reported preliminary drilling results from its Nióbio Project in Brazil, where one drillhole notably intersected a pegmatite zone with values measuring 639 ppm Nb2O5 and 122 ppm Ta2O5. However, drilling outcomes from other targets at Nióbio did not return significant mineralisation and will not be the primary focus going forward. From a bullish perspective, the initiation of drilling at Santa Anna, combined with strong historical assay results, positions Power Minerals Limited as an emerging leader in the strategic clean energy metals sector. The company’s potential acquisition of the Santa Anna Project could unlock significant value, particularly given its focus on critical minerals that underpin the future energy transition. On the bearish side, uncertainties remain regarding the confirmation of historical grades, and the exploratory nature of both the Santa Anna and Nióbio Projects means that future drilling results could vary from expectations. Additionally, early-stage exploration always carries inherent risks, including commodity price fluctuations and potential delays in acquiring full project approval. Overall, investors and beginner traders should note that Power Minerals Limited is actively advancing its exploration efforts in Brazil, and while promising high-grade mineralisation has been recorded historically, the forthcoming drill results will be critical in shaping market sentiment and informing the company’s next steps in its project acquisition and development strategy.