Power Metal Resources plc has signed an option agreement, with a down payment on drilling, to acquire a 100% interest in two gold-nickel prospecting licences in the Tati Greenstone Belt (TGB), northeast Botswana. Following a 60-day period of due diligence, Power Metal may exercise the option through its newly formed 100% owned subsidiary Power Metal […]
Tag: nickel
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 […]
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.