Santa Anna Niobium & Rare Earths Project

Santa Anna Niobium & Rare Earths Project (Option to Acquire)

Power’s Santa Anna Project is a high-grade, drill-ready niobium and rare earth element (REE) carbonatite-hosted asset located in Goiás State, central Brazil. The Project is held under a binding option agreement and is situated within the renowned Catalão Complex, in the northern extent of the Goiás Alkaline Province.

The Santa Anna Alkaline Complex spans 17.2km² and features a 2.5km-wide circular intrusion, with 192 drillholes completed across 5,377m of drilling. Niobium mineralisation has been confirmed with grades up to 3.36% Nb₂O₅, and more recent due diligence work has identified significant REE mineralisation, with results up to 35,473ppm TREO (3.55%).

Drilling to date has been shallow, focused primarily on phosphate, leaving large parts of the intrusion undrilled. Power has commenced drill testing to define an exploration target for REEs and aims to delineate a JORC Mineral Resource Estimate, subject to results and the exercise of the option.

Santa Anna’s weathered clay-rich saprolite zone may host ionic adsorption clays (IACs), potentially allowing for low-cost REE extraction. Exploration is targeting both near-surface clays and deeper carbonatite-hosted mineralisation.

The project is strategically located 40km north of Nova Crixás and 335 km north-west of Brasília, with sealed road access via Highway GO-156 and proximity to established power infrastructure. The area sits on cleared farmland with strong community support and existing exploration permits in place.