Metals & Minerals News

Power Metal nears diamond drilling at Haneti

Posted on Author editorial Comments Off on Power Metal nears diamond drilling at Haneti

Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania.

Progress: plans for the drill programme and budget for the Haneti project will be submitted for approval (Power Metal Resources/Katoro)

DRILL PLANS

In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation.

Katoro will now submit the drill programme and associated budget for the district-scale project.

JOINT VENTURE

Power Metal (35%) also holds 10 million Katoro shares and 10m warrants in Katoro exerciseable at 1.25p (2,500,000 warrants expire on 15 March 2022 and 7,500,000 expire on 15 May 2022).

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