Power Minerals Limited has announced the completion of a reverse circulation drilling program at its Santa Anna niobium‑rare earth elements (REEs) and gallium project in Goiás State, Brazil. The company drilled 29 holes over 2,272 metres as part of an extensive due diligence program linked to its exclusive option to acquire the project. The drilling, which was aimed at confirming and extending previously identified mineralized zones, as well as testing new sections of the carbonatite complex, sets the stage for developing a maiden JORC Resource Estimate pending favorable results. The company’s testing has already highlighted the potential of the Santa Anna asset, with historic results showing significant grades across multiple key elements. Notable intersections include 14 metres at 0.71% Nb2O5 with a sub-interval of 5 metres at 1.18% Nb2O5, along with intersections of 10 to 14.95 metres yielding rare earth oxide (TREO) levels up to 35,473ppm. In addition, high-grade gallium values have been observed, such as up to 232.7g/t Ga2O3 from near-surface intervals, while some holes have recorded intervals of 51 metres with an average grade of 60.6g/t Ga2O3. With these strong preliminary indications, further laboratory analyses are underway and first results are expected in July 2025. By moving forward with this drilling program, Power Minerals Limited aims to leverage the identified high-grade niobium, REE, and gallium mineralization to complete an Exploration Target that could lead directly into a Mineral Resource Estimate. The Santa Anna project is not only significant for its mineral potential, but also for complementing the company’s evolving portfolio of strategic critical minerals assets within the burgeoning clean energy metals sector focused on South America. Investors might view the announcement with a bullish sentiment, as the fresh drilling data and upcoming assay results could unlock additional value and drive the company toward a valuable resource estimate, potentially enhancing purchase decisions and long‑term prospects in a sector with strong demand. On the bearish side, there remains uncertainty until the laboratory results are released, and investors will need to consider the inherent risks of exploration, including the potential for results that do not meet expectations or delays in progressing toward a definitive resource estimate.