Extractive Industries

Power Metal formalises Oman copper earn-in

Power Metal Resources plc has finalised the formal binding earn-in on the Block 8 copper concession in the Hazm area of northwestern Oman.

Continue: to build a local geological team to support the project (Pixabay)

SAMPLING

Agreed with Alara Resources Ltd and Awtad Copper LLC, the company’s subsidiary Power Metal Arabia will spend up to US$740,000 for a 12.5% stake.

The company’s four main workstreams comprise stream and Wadi sampling with initial mapping and rock chip sampling; orientation soil sampling across a known copper anomaly; reconnaissance traverses of the northern area covered by more recent sediments and sands; and initial trenching over the Al Mansur and one other copper target.

The field work is expected to begin in the coming days.

“We already have a team on the ground undertaking final logistical preparations,” said chief executive Sean Wade.

“Moreover, we are continuing to build a local geological team to support this initial work, and for the rest of our expected project development in Oman.”

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