Power Minerals (ASX:PNN) executed an agreement with the Government of the State of Minas Gerais, Brazil, to establish priority-project treatment for the Morro do Ferro project, according to a Tuesday filing with the Australian bourse.
The company will continue its diamond drilling campaign at the project and advance toward a maiden mineral resource estimate, the filing said.
Shares fell 3% in midday trade Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.