Metals & Minerals News

Power Metal given extension for Cu-Au option in Paterson

Power Metal Resources plc has secured a short extension to its option to acquire First Development Resources (Pty) Ltd with copper-gold exploration interests in the Paterson Province in the eastern Pilbara Region of Western Australia.

Copper-gold: Power Metal has secured an extension to its option to acquire First Development Resources (Pty) Ltd (Geoscience Australia)

In January, the junior miner secured an exclusive 60-day option to acquire the Australian company to increase its interests in the country.

The Paterson Province is considered highly prospective for gold-copper and base metal mineral systems with recent copper and gold discoveries by Rio Tinto and Greatland Gold.