Power Metal Resources plc has completed the transaction to increase its share to 87.71% in the Molopo Farms Complex nickel platinum-group metal (PGM) project in southwest Botswana. OPERATIONS The company has now acquired the majority share in Kalahari Key Mineral Exploration Pty Ltd which owns Molopo. Power Metal is currently conducting a 2,600m diamond drill programme […]
Tag: Kalahari Key Mineral Exploration Pty Ltd
Power Metal becomes operator at Molopo
Power Metal Resources plc has conditionally acquired additional interest to become the operator of the nickel sulphide-platinum group metals project at Molopo Farms Complex in Botswana. RESTRUCTURE The company purchased a further 58.7% in Kalahari Key Mineral Exploration Pty Ltd which holds a 60% interest in the project. Power Metal will acquire a further 15,002 Kalahari Key […]
Kavango extends deadline for Molopo acquisition
Kavango Resources plc announced an extension to the exclusive three-month option to acquire 85.23% of Kalahari Key Mineral Exploration Pty Ltd (KKME) in Botswana. DATE KKME is a private company, which currently owns 100% of prospecting licences PL310/2016, PL311/2016 and PL202/2018 known as the Molopo Farms project. The exploration project is focused on nickel, copper […]
Power Metal confirms geological model for magmatic sulphides at Molopo
Power Metal Resources plc said that recent proof-of-concept drilling had confirmed the geological model for magmatic sulphide mineralisation at Molopo Farms Complex (MFC) in Botswana. The company currently has a 40% direct MFC project interest as well as an 18% share in operator Kalahari Key Mineral Exploration Pty Ltd, for a combined effective economic interest of 50.8%. […]
Power Metal secures 50.8% in NiS-PGMs Molopo project
Power Metal Resources plc announced it had completed the earn-in to a 40% direct interest in the nickel sulphide and platinum group metals project at Molopo Farms Complex (MFC) in Botswana. The miner’s agreement with Kalahari Key Mineral Exploration Pty Ltd began in 2019 based on Power Metals expending US$500,000 on exploration, notably drilling of […]
Power Metal confirms nickel intersections at Molopo
Power Metal Resources plc announced significant nickel intersections from the first assay results for diamond drilling at the Molopo Farms Complex project in Botswana. Site operator, Kalahari Key Mineral Exploration Pty Ltd, is targeting prospective magmatic intrusion-hosted massive nickel sulphide and platinum-group element (PGE) mineralisation at the district-scale site. In October 2020, Kalahari Key began […]