Power Minerals has exercised an option to acquire the Lltio Project in Paraiba state, Brazil.

The project includes three granted exploration permits and is highly prospective for niobium, rare earth elements and lithium.

Power Minerals has commenced an expedited exploration strategy at Lltio, aiming to define initial priority drill targets with drilling planned for 2024.

The first collected samples are undergoing analysis, with expected results in the coming weeks.

Power Minerals also plans to expedite exploration and development in Brazil while realising value from its non-core Australian project portfolio.