Power Metal Resources plc’s investee has identified a significant multi-line electro-magnetic (EM) anomaly at the nickel-copper Pickle Lake project in the Schreiber-Hemlo belt, Ontario, Canada. JOINT VENTURE The project, formerly known as Pezim II, is a joint venture (JV) between First Class Metals Ltd and Palladium One. In September 2021, Power Metal sold its Schreiber-Hemlo […]
Tag: nickel
Kavango identifies downhole conductive anomaly at KSZ
Kavango Resources plc said it had identified the upper edge of a conductive anomaly from an initial downhole electromagnetic (DHEM) survey at its Kalahari Suture Zone (KSZ) project in Botswana. SURVEY The DHEM survey, completed to a depth of 1.001m, was in drill hole TA2DD002 which is the second of the current drill campaign. Kavanago […]
Horizonte secures $346.2m for Araguaia ferro-nickel
Horizonte Minerals plc announced credit approvals from five international financial institutions of up to US$346.2 million to fund the construction and development of its Araguaia ferro-nickel project in Brazil. TRANCHES The institutions are BNP Paribas Securities Corp; ING Capital LLC; Natixis, New York branch; Société Générale; and Swedish Export Credit Corporation. The syndicate is in […]
Power Metal encounters nickel enrichment at Molopo
Power Metal Resources plc said it had encountered nickel enrichment at Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. ASSAYS The results are from further assays received for hole KKME 1-6, the second of three holes at the project. Nickel enrichment was encountered throughout the entire 7m interval assayed as part of the batch, […]
Power Metal nears diamond drilling at Haneti
Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania. DRILL PLANS In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation. Katoro will now submit the drill […]
Caerus sells Black Pine nickel-cobalt project for £500,000
Caerus Mineral Resources plc has sold its non-core Black Pine nickel-cobalt project and associated licences for £500,000 to Aeramentum Resources Pty Ltd. PROJECT Caerus said that the four Black Pine licences, comprising nickel, cobalt and copper, had no exploration expenditure budgeted in the near future. The company added that although nickel-cobalt were essential battery metals, they were not […]