Power Metal Resources plc will bring forward its 2022 diamond drill programme after it identified a large magnetic conductor at its nickel-copper-platinum group element (PGE) project at Molopo Farms Complex, southwest Botswana. MAGNETIC CONDUCTOR The company completed two ground-based electromagnetic (EM) geophysics surveys, over areas hosting 2020-2021 diamond drillholes KKME 1-14 (K1-14) and KKME 1-6 (K1-6). Power […]
Tag: copper
Chesterfield to minimise dilutive capital raisings
Chesterfield Resources plc said it had completed the initial round of cost efficiencies to minimise the need for dilutive capital raisings. REDUCTIONS The company previously stated it hoped to source the capital from non-dilutive external sources for the development of its Adeline copper project in Labrador, Canada. Chesterfield today added it expected to reduce “ongoing […]
Chesterfield appoints Ajay Kejriwal as interim CEO
Chesterfield Resources plc has appointed chief financial officer Ajay Kejriwal as interim chief executive officer. Chesterfield said that he would continue as CFO and has agreed to a reduction in renumeration as he increases his responsibilities to the company. During the interim period, Chesterfield will focus on third party transactions following which it intends to […]
Kavango identifies KCB anomalies
Kavango Resources plc said it had identified four anomalies during its drill targeting exercise on its licence PL036/2020 in the Kalahari copper belt, western Botswana. TARGETS The Kalahari copper belt runs ENE-WSW from Botswana into Namibia where “multiple economic” copper-silver sedimentary rock hosted deposits have been discovered. The company’s programme targets PL036/2020, PL082/2018 and Mamuno […]
Power Metal starts next Molopo exploration phase
Power Metal Resources plc said it had started the next phase of exploration ahead of drilling at its nickel-copper-platinum group element (PGE) project at the Molopo Farms Complex in southwest Botswana. WORK The company has engaged Spectral Geophysics to conduct two electromagnetic geophysics surveys for precise targeting of planned diamond drill holes. Power Metal’s technical team has […]
Chesterfield deems secondary listing ‘not prudent’
Chesterfield Resources plc has revised its plans for secondary listings on the Toronto Stock Exchange Venture, Frankfurt and the OTC markets for its copper assets. STRATEGY The move is part of the company’s strategy to unlock value for shareholders from its Adeline project in Labrador, Canada and exploration package in Cyprus. In a statement, Chesterfield […]