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.
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).