Power Metallic analysts bullish on Lion results
Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) is drawing fresh bullish calls from analysts after a new round of high-grade drill results at its Lion Zone extended mineralization, boosted copper-equivalent grades with precious metals credits, and strengthened the case for what some see as a potentially world-class polymetallic system in Quebec.
Recent assays from the summer–fall 2025 drilling program at Lion, part of the Nisk project, returned strong copper-equivalent grades and extended mineralization down plunge and to the west, prompting supportive commentary from Noble Capital Markets and Red Cloud Securities.
Noble highlighted what it called the high-grade core at Lion, noting that drilling extended high-grade mineralization down plunge at the Lion Zone.
Analysts cited “impressive” intercepts, including 8.4 meters grading 8.05% copper equivalent recovered, and 5.1 meters grading 9.86% copper equivalent recovered, that it said “reinforc(ed) strong vertical continuity.”
The firm also stressed the impact of precious metals. Noble noted that palladium, platinum and gold contributions are “materially boosting copper-equivalent grades and highlighting the robust polymetallic nature of the deposit.”
Step-out drilling west of the main zone also pointed to further upside. “Step-out drilling west of the main Lion Zone identified additional mineralized lenses, expanding the footprint and demonstrating continued resource growth potential,” Noble wrote, flagging pending results from Lion West, Tiger Deep, Elephant and the Li-FT ground.
Red Cloud struck a similarly constructive tone. “The success of this campaign together with the recent excellent metallurgical test results bode well for a maiden mineral resource estimate at Lion,” analysts wrote. “The geologic lines of evidence continue to suggest opportunity for a world-class Ni-Cu-PGE deposit on the property.”
Highlight intercepts included 4.11% CuEq over 20.4 metres and 6.84% CuEq over 8.6 metres. “Grade and size continue to grow,” Red Cloud wrote, adding that western step-outs “may indicate the start of another lens of polymetallic mineralization west of Lion.”
In a preliminary estimate, Red Cloud’s “back of the envelope Lion Zone MRE” suggests about 7.5 million tonnes and 725 million to 750 million pounds of contained copper equivalent. “We consider the existing Lion and Nisk deposits to effectively underpin the value of PNPN at the moment,” the firm said, maintaining its Buy rating and C$2.50 target.
Looking ahead, analysts at both firms pointed to upcoming catalysts, including further drill results from the ongoing 100,000-metre program, additional metallurgical testing at Lion, updates from other company targets, and a pending NYSE listing application.
