Power Metallic Reports Lion Zone Drilling Results and Extends Hole PN-24-064 to Define Large BHEM Anomaly – Article

• Hole PML-25-029b intersected 4.40 metres grading 12.18% copper (14.34% copper equivalent) within 20.40 metres of 2.91% copper (3.58% copper equivalent) at Lion Zone
• Down-plunge drilling intersected mineralisation below the central high-grade zone, with results supporting infill requirements for future mineral resource estimate
• Hole PN-24-064 extended 300 metres to 1,347 metres total depth, with borehole electromagnetic survey identifying the largest off-hole conductor to date on the project
• Tiger Deep target based on reinterpretation suggesting massive nickel-copper sulphides at Tiger represent blocks transported from a deeper source deposit
• Company controls approximately 212.86 square kilometres following acquisition of 313 claims from Li-FT Power in June 2025

Power Metallic Mines Inc. (TSXV:PNPN) is a Canadian mineral exploration company developing the Nisk Project Area, which encompasses the Nisk, Lion, and Tiger zones. The company is advancing a high-grade polymetallic system containing copper, platinum group elements, nickel, gold, and silver in Quebec. Power Metallic secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium in February 2021 and has since consolidated the land package through strategic acquisitions, including 313 claims from Li-FT Power in June 2025. The company also maintains interests in exploration properties in British Columbia, Chile, and Saudi Arabia through subsidiary holdings.

Lion Zone Drilling Results and Down-Plunge Extension

The summer 2025 drilling programme at Lion Zone targeted extensions of the deposit down-plunge from known mineralisation and conducted infill drilling to define zone geometry for a future mineral resource estimate at indicated resource classification. The programme drilled multiple holes testing the central high-grade zone and western portions of the deposit.

Hole PML-25-029b intersected 4.40 metres grading 12.18% copper (14.34% copper equivalent), within 20.40 metres of 2.91% copper (3.58% copper equivalent). Copper equivalent calculations include gold, silver, palladium, platinum, nickel, and cobalt, applying an 80% recovery rate. Additional intercepts include 1.59 metres of 27.92% copper equivalent in hole PML-25-025 within 19.8 metres of 2.71% copper equivalent, and 2.65 metres of 17.79% copper equivalent in hole PML-25-031 within 8.10 metres of 7.13% copper equivalent on the western side of Lion.

According to the company, drilling has defined mineralisation extending down-plunge from high-grade shoots within the Lion zone and confirmed grade whilst increasing the size of interpreted high-grade structures. The results support continued work towards mineral resource estimate modelling.

PN-24-064 Extension and Off-Hole BHEM Anomaly

Hole PN-24-064 was originally drilled to 1,046 metres depth in 2024, extending beyond the Lion Zone. Initial borehole electromagnetic (BHEM) surveys detected an off-hole conductor that extended below and in front of the hole end. The company extended the hole an additional 300 metres to 1,347 metres total depth and conducted a resurvey, identifying what the company describes as the largest off-hole conductor to date on the project.

The conductor is located within an interpreted fold hinge and extends across the company’s original Nisk property and the Li-FT acquisition claims. The anomaly is on strike with the newly acquired Hydro Lands, which the company interprets as the folded extension of the Nisk-Lion system.

CEO Terry Lynch stated:

“Hole 64 which we talk about below and the very promising large off hole anomaly that sits in our interpreted fold hinge will be targeted by a series of holes as soon as drilling commences in 2026.”

The company notes the anomaly’s size, proximity to subsidiary BHEM anomalies identified in holes PML-25-021, PML-25-030, PML-25-035, and PML-25-038, and indications of mineralisation in holes PML-25-021, PML-25-035, and PML-25-038. Power Metallic is assessing logistical options for drilling the target, with extension of hole PML-25-021 at approximately 700 metres depth identified as a candidate for testing the anomaly.

Tiger Deep Target and Exploration Strategy

The Tiger Deep target is based on reinterpretation of previous Tiger drilling. The company’s geological interpretation suggests that Tiger consists of blocks of massive nickel-copper sulphides carried in a tonalitic intrusion from a deeper source. This interpretation is supported by the fact that Tiger massive sulphides are hosted in a late tonalitic intrusion, and that surface mapping discovered similar blocks of both massive sulphides and ultramafic rock in tonalite intrusions.

Three holes (PML-25-021, PML-25-026a, PML-25-030) were drilled between Lion and Tiger below the depth resolution of the 2025 airborne electromagnetic survey to intersect the mineralised horizon and provide platforms for BHEM surveys. Hole PML-25-021 intersected 3.70 metres of 1.48% copper equivalent and indicated an off-hole anomaly east of Lion. Subsequent hole PML-25-038 drilled this target and intersected additional mineralisation (assays pending). Hole PML-25-030 did not intersect significant visual mineralisation, but BHEM surveys identified a large anomaly tested by hole PML-25-035, which intersected sulphide mineralisation in ultramafic host rock.

The company has received drill permits for the Hydro Lands acquisition, which is interpreted to be the folded extension of the Nisk-Lion system.

CEO Terry Lynch stated:

“Our integrated geophysical and geochemical toolkit has delivered for us in the past, and our exploration team has never been more optimistic than it is today. We are well funded for our 2025 to 2026 work programmes and have announced our plan to list on the NYSE to access deeper U.S. capital markets.”

Next Steps

Power Metallic reports it is funded for its 2025 to 2026 work programmes. Drilling is scheduled to resume in early 2026 with heavier land-based rigs to test the PN-24-064 BHEM anomaly. Prior to year-end, the company plans to complete drilling at Tiger Deep and commence work at the Hydro Lands. The company has announced plans to list on the New York Stock Exchange.

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