Katoro Gold plc and Power Metal Resources plc have exited the Haneti nickel-lithium joint venture in central Tanzania due to the high levels of expenditure required. ONTARIO Katoro holds 65% of Haneti and Power Metal owns 35%. The early-stage project last underwent diamond drilling in 2022, with results failing to show economically significant nickel but […]
Tag: 31 Explore Ltd
Katoro increases Pearl lithium claims
Katoro Gold plc has increased the footprint from 880 hectares to 1,475 hectares of the Pearl lithium project held by its recent proposed acquisition, 31 Explore Ltd. COLLABORATION A total 72 claims, added to the original 43, are contiguous to the Ontario project, expanding westwards to encompass recently interpreted geological features prospective for mineralisation. Chief […]
31 Explore acquired by Katoro Gold
Darlington-based ‘mineral exploration project generator’ 31 Explore Ltd has been acquired by Tanzania-focused Katoro Gold plc for 750 million warrants, under a heads of terms agreement. POWER METAL Katoro’s non-executive chairman Sean Wade, who is also chief executive of Power Metal Resources plc which holds 35% of Katoro, beneficially owns 14.29% of 31 Explore. Incorporated […]