Power Minerals Limited (PNN.AX)
Power Minerals Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Mount Hawthorn, WA, AU. The stock last traded at $0.17, down 2.86% on the session, giving a market capitalisation of $74.4M. Its beta of -0.03 implies it has historically moved less than the broad market.
Power Minerals Limited is a company dedicated to the exploration and development of various mineral projects across both Australia and Argentina. Its primary focus lies in discovering and extracting resources such as lithium, copper, nickel, cobalt, gold, and kaolin. The company's portfolio includes the wholly-owned Salta Lithium Brine project in Argentina's Salta Province, which comprises 11 leases spanning 23,796 hectares. In Australia, it manages the Musgrave project in South Australia's Musgrave Province, encompassing two exploration licenses and eight pending applications over 14,618 square kilometers, alongside the Eyre Peninsula Kaolin project in South Australia, covering 1,413 square kilometers across three exploration licenses. Additionally, Power Minerals holds the Santa Ines copper-gold project in Argentina, consisting of four mining leases across 61.4 square kilometers. Originally incorporated in 2002 as PepinNini Minerals Limited, the company rebranded to Power Minerals Limited in June 2022 and maintains its headquarters in Kent Town, Australia.
Power Minerals Limited is most often compared with the following Basic Materials names: