Power Appoints Managing Director and Strengthens Technical Team

Diversified minerals company Power Minerals Limited (ASX: PNN) (Power or the Company) is pleased announce that Executive Director Mr. Mena Habib has been appointed Managing Director, and that former Lake Resources (ASX: LKE) Technical Director Dr Nicholas Lindsay has been appointed Technical Advisor.

• Power Executive Director Mena Habib appointed Managing Director
• Former Lake Resources (ASX: LKE) Technical Director Dr Nicholas Lindsay appointed Technical Advisor
• Appointments set to ensure Power has the right mix of skills to support its rapidly developing lithium strategy in Argentina, and its Australian critical mineral projects

Both represent key appointments, designed to ensure Power has the right mix of people and skillsets to support its rapidly developing lithium strategy at the Salta Lithium Project in the Salta province in the lithium triangle of north-west Argentina, and its other Australian critical mineral assets.

Both appointments are effective as of today’s date.

Mr. Mena Habib, Managing Director

Mr. Habib’s appointment as Managing Director is in recognition and acknowledgement of the pivotal role he has played in the growth of the Company since his appointment as Executive Director in January 2022 (ASX announcement, 17 January 2022).

He has been instrumental in establishing in-country relationships for the Salta Lithium Project and, formulating and implementing the Project’s exploration and development strategy, which is focused on expediting commercial outcomes at Salta.

Over the past 12 months Mr. Habib has successfully negotiated and entered into MoU agreements with Direct Lithium Extraction (DLE) industry leader, Sunresin New Materials Co. Ltd. (Sunresin) and battery metals end-to-end supply chain solutions provider Xiamen Xiangyu New Energy Co., Ltd (Xiamen Xiangyu), and has overseen the commencement of a Mineral Resource definition drilling campaign at the Salta Project, which is currently ongoing.

He also oversaw successful maiden drilling programs at the Eyre Peninsula Kaolin-Halloysite Project and Santa Ines Copper-Gold Project.

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