Power Metal Resources plc and 50-50 strategic joint venture (SJV) partner Kavango Resources, focused on Botswana, have set up holding companies. SOUTH GHANZI Kanye Resources Pty Ltd in Botswana (Kanye Botswana) and Kanye Resources Ltd in England (Kanye UK) could potentially be listed on a stock exchange. The JV is exploring for potential large-scale copper-silver […]
Tag: copper
Power Metal looks to increase Ontario assets
Power Metal Resources plc plans to increase its interests in Ontario just days after the company’s acquisition of gold projects in the Canadian province. FOOTPRINT The company has signed a 30-day option for four gold exploration properties in the Hemlo-Schreiber greenstone belt for a total C$260,000. McKellar comprises 58 mining claims over 12.3km² prospective for […]
Power Metal targets second Australia acquisition
Power Metal Resources plc said it had secured an exclusive 60-day option in a potential new acquisition of copper-gold interests in the Paterson Province in the eastern Pilbara Region of Western Australia. MAJOR CENTRES Chief executive Paul Johnson added that the company was keen to build its Australian base and precious metals exploration with the […]
CAML output steady and debt reduced
Central Asia Metals plc (CAM) reduced company debt during 2020 and maintained steady production at its Kounrad copper recovery plant in Kazakhstan and Sasa zinc-lead mine in North Macedonia. The base metal company’s Q4 and 2020 full year results showed cash in the bank on 31 December 2020 was reported at $47.9 million and gross debt as at […]
Anglesey PEA increases Parys mineable tonnage
Anglesey Mining plc reported major increase in mineable tonnage at its precious and base metals deposits at Parys Mountain in North Wales. POTENTIAL A preliminary economic assessment (PEA) conducted by Micon International Ltd of copper-zinc-lead-gold-silver deposits showed a new estimate of 5.2m tonnes in the indicated category at a combined base metal grade of 4.3%. […]
Power Metal starts RAB drilling at Haneti
Power Metal Resources plc announced it had started its first drill at the nickel-copper-PGM Haneti project in central Tanzania. HANETI The project covers some 5,000km2 in central Tanzania and comprises tenements (prospecting licences, offers and applications) prospective for nickel, PGMs and gold. Power Metal holds 35% interest and Katoro Gold plc holds 65%. TARGETS The programme […]