Power Minerals Limited announced plans for the next phase of its Mineral Resource definition drilling campaign at the Salta Lithium Project in the lithium triangle of north-west Argentina, with drilling to commence at the Rincon salar in the current quarter. Power's ongoing Mineral Resource definition drilling is designed to deliver a significant upgrade to the Salta Project's existing JORC 2012 Mineral Resource. Drilling commenced at the Incahuasi salar in fourth quarter of 2022 and has progressed well.

The drilling at Rincon is planned to consist of four to six diamond drill holes for a total of approximately 1,200 metres. It is designed to confirm results from previous drilling in 2017 and to test for additional potential lithium brine resources in the northern part of the licence area, to significantly increase the existing Rincon Mineral Resource. Drilling at Rincon is planned to commence immediately following completion of the current drilling at Icahuasi.

Salta Project - Next Steps: Complete lithium brine resource drilling and confirm initial JORC Mineral Resource estimate at the Incahuasi salar; Conduct additional lithium brine resource drilling and update JORC Mineral Resource estimate at the Rincon salar; Interpretation of VES geophysical surveys and previous brine sampling to support lithium brine resource drilling and initial JORC Mineral Resource estimate at the Pocitos salar, which is strategically located adjacent to rail and road infrastructure, a gas pipeline, and the Pocitos community; Complete PEA at Rincon salar and undertake PEAs at the Incahuasi and Pocitos salares. Conduct data review, drilling and water management studies as input to DLE PEAs and to support community consultation and environmental approvals.