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.
Power Minerals (ASX:PNN) unveils high-grade niobium and tantalum potential in Brazil
Power Minerals Tântalo Project in Brazil reveals high-grade niobium, tantalum, and rare earth mineralisation, underscoring the site's significant exploration potential.
Power Minerals (ASX:PNN) propels Pular Lithium Project into the future
Heng Li’s financial backing and cutting-edge extraction technology provide Power Minerals with the means to rapidly advance its Pular Project, which holds an estimated 173,000 tonnes of lithium carbonate equivalent...
