Power Minerals Ltd. has finalised its acquisition of the high-grade Morro do Ferro (MDF) rare earths project in Brazil, setting the stage for a major exploration campaign in one of the world’s premier mineral provinces.
The deal was signed with private explorer Mineração Terras Raras (MTR) and comes after a comprehensive technical evaluation which revealed exceptional concentrations of magnetic rare earth oxides (MREO).
These include neodymium, praseodymium, dysprosium, and terbium, four critical elements that represent over 80 per cent of the total market value for rare earth elements.
Located within the well-established Poços de Caldas Alkaline Complex in southern Minas Gerais, the MDF project has already produced impressive results from previous drilling.
One standout intercept recorded 100.44 metres at 4.99 per cent Total Rare Earth Oxides (TREO) from surface right to the end of the hole.
Other historical results include 8.92 per cent TREO over 60.85 metres, 8 per cent TREO over 70.9 metres and 3.53 per cent MREO (magnetic rare earth oxides) over a two-metre interval.
Many of the historical drill holes ended while still in high-grade mineralisation, suggesting the deposit remains open at depth and along strike to the northeast and southwest.
Power Minerals Managing Director Mena Habib described the project as a well-validated, high-grade asset that perfectly complements the company’s existing Brazilian portfolio.
“An assessment of available exploration data highlights the project’s strong mineral resource potential and excellent expansion upside, subject to further exploration,” Habib added.
“The project also has significant topographical advantages that we will seek to exploit in any future development.”
With the acquisition complete, Power Minerals is moving immediately into an accelerated fieldwork phase. This will involve deep diamond core and RC drilling to test the main deposit below 200 metres, alongside aircore drilling to scout for new targets in the surrounding areas.
Power is confident that the acquisition of the MDF project will position the company as an emerging leader in the rare-earth sector and help address the risingglobal demand for these essential mineral elements.
