Resources Stocks Down Under 29 September 2022: Power Minerals (ASX:PNN)

Just when you thought all the good lithium brine plays up in the Andes had been bid up to valuations in the billions, along comes Power Minerals, formerly Pepinnini Lithium, with its 239,000 tonnes of Lithium Carbonate Equivalent in the Argentine province of Salta. You can currently get that one for a lot less than A$50m. And at that price you also get, among other interesting projects, a potentially valuable kaolin-halloysite project not far from Andromeda’s on South Australia’s Eyre Peninsula.