Major Highlights
- The maiden Inferred Mineral Resource Estimate (MRE) of 13,000 tonnes grading 2.40% Cs₂O at the West Joe dykes within the Case Lake Cesium Project represents the world’s fourth only hard-rock cesium resource¹
- Additional exploration target of 11,000-15,000 tonnes of Cs₂O identified at the West Joe dykes
- 17 untested targets with pollucite-bearing pegmatite dykes, outside of the West Joe dykes and within the Case Lake Cesium Project, offer excellent potential to expand the resource profile
- The MRE covers just one of eight pollucite-bearing pegmatite dykes, based on 7,264 m of drilling from 113 drill holes conducted in 2018, 2022, and 2024
- Excellent infrastructure access in the Timmins-Cochrane region of the Abitibi, with existing forestry trails, proximity to rail at Cochrane, powerlines, and major ports in Montreal for export to key markets
- The MRE establishes the Case Lake Cesium Project as a globally significant cesium source and will underpin its continued development
- Strategically located in North America, the project supports critical mineral security and aligns with growing global demand
Power Metals Corp (“Power Metals” or the “Company”) (TSX VENTURE: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to announce the maiden National Instrument 43-101 (“NI 43-101”) compliant Mineral Resource Estimate (“MRE”) for the Case Lake Cesium Project (“Case Lake”), located in northeastern Ontario.
The consolidated in-pit MRE, reported in the Inferred category, comprises 13,000 tonnes grading 2.40% Cs₂O for 330 tonnes of Cs₂O concentrate.
This MRE covers just one of eight pollucite-bearing pegmatite dykes within the Case Lake property (Figure 1), based on 7,264 m of drilling from 113 holes completed in 2018, 2022, and 2024.
Additionally, an exploration target was produced by Snowden Optiro of 11,000-15,000 tonnes of Cs₂O has been identified at the West Joe dykes, and 17 untested targets including the 8 dykes across 21 km² highlight substantial potential for future resource expansion.
¹ Globally there has been 3 previous hard rock cesium mines with Tanco in Manitoba (Canada), Bikita in Zimbabwe (Africa), and Sinclair in Norseman (Western Australia). Operations commenced at Tanco in the 1950’s and has been under Chinese ownership (Sinomine) since 2021. No MRE has been released on the TSX for the Tanco property. Bakita is a privately held property and linked to Sinomine, various reports based on lithium resources have been noted with no MRE relating to cesium oxide. Pioneer Resources produced an updated MRE for Sinclair in November 2018, and initial MRE on March 22, 2017.
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