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 […]
Tag: nickel
Power Metal plans deep diamond drill at Haneti
Power Metal Resources plc said it planned a deep diamond drill campaign following results of RAB drilling at its joint venture nickel and platinum group metals (PGM) project at Haneti, central Tanzania. POTENTIAL The 50-hole, 1,965m shallow rotary air blast (RAB) drilling programme was conducted at Mihanza Hill and Mwaka Hill. Power Metal said that […]
Horizonte appoints Michael Drake as head of projects
Horizonte Minerals plc has appointed Michael Drake as head of projects for the company’s operations in Brazil. Mr Drake is a mechanical engineer with experience in developing, operating and optimising nickel operations, and across both RKEF and HPAL technologies. He has also led the construction, operation and optimisation of medium-to-large international capex projects. He also […]
Horizonte awarded power licence for Araguaia nickel
Horizonte Minerals plc has been awarded the construction licence package to develop the power line for its 100% owned Araguaia Ferronickel project in Brazil. The approved package includes the preliminary licence (Licença Prévia), the construction licence (Licença de Instalação), and the related fauna and flora licences. These were granted by the Pará State Environmental Agency, […]
Horizonte raises £18m via placing
Horizonte Minerals plc said it had raised £18 million following a placing of 162,718,353 new ordinary shares with new and existing investors at a placing price of 7.5 pence per placing share. Gross proceeds (US$25.0m / C$ 31.7m) before expenses were approximately £12.2m from the placing and £5.8m from the Canadian offering.
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 […]