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: Haneti – central Tanzania
Power Metal fails to find economic nickel at Haneti
Power Metal Resources plc has failed to find economically significant intersections of nickel from drilling results at the Haneti project in central Tanzania. LITHIUM The company said it was planning advanced targeting and re-engagement with potential partners. The joint venture, between Power Metal (35%) and operator Kotoro Gold (65%), includes the new Babayu lithium prospect, 40km southwest […]
Power Metal encouraged by inaugural drill at Haneti
Power Metal Resources plc said it was encouraged by the technical and geological success of its first diamond drill programme on the nickel-copper-cobalt-platinum group element Haneti project in central Tanzania. PROGRAMME The joint venture (JV) between Katoro Gold plc (65%) and Power Metal (35) drilled 900.04 metres across three holes. Operator Katoro has started core logging and […]