Power Metal Resources plc has raised £2.715 million via a placing, including a subscription by Term Oil Inc which is controlled by American investor Rick Rule. DIRECTOR DEALING The company has conditionally issued 319,388,235 new ordinary shares of 0.1 pence each in at a price of 0.85 pence per placing share. Each placing share has an attached warrant to […]
Tag: Power Metal Resources plc
New Ballarat confirms ‘extensive gold’ from Berringa drill
New Ballarat Gold Corporation (NBGC) reported “extensive gold confirmed” from diamond drill results at the Berringa gold mine joint venture (JV) project in Victoria, Australia. POTENTIAL Partners comprise Red Rock Resources plc (51.1%) and Power Metal Resources plc (49.9%). The limited 988m inaugural drill programme of six holes aimed to test three potential sites of South […]
Power Metal appoints Bill Brodie Good as NED
Power Metal Resources plc has appointed Bill Brodie Good as a non-executive director (NED) with immediate effect. He will also provide consulting services to the company at project level. Mr Good has more than 30 years’ experience in exploration and project management in Australia, Francophone West and Central Africa, the Middle East and Central Asia. His most recent role was […]
Power Metal confirms target metals at Molopo
Power Metal Resources plc confirmed nickel sulphides and platinum group elements from its 2,402.8m drill results at Molopo Farms Complex (MFC), southwest Botswana. MOLOPO The company said it had also been in discussions with potential partners to advance the project to large-scale exploration. The site, covered with Kalahari sand, comprises commercial cattle ranches on a […]
New Ballarat finds further visible gold at Berringa
New Ballarat Gold Corp (NBGC) has now found visible gold in four of six completed diamond drill holes for a total 988 metres at Berringa mine in the Victoria gold fields in Australia. JOINT VENTURE The company, planned for listing, is a joint venture (JV) between Red Rock Resources plc (51.1%) and Power Metal Resources […]
Power Metal appoints Sean Wade as CEO
Power Metal Resources plc has appointed Sean Wade as executive board director and chief executive officer with immediate effect. Mr Wade, who replaces Paul Johnson, is an experienced corporate executive within the natural resource sector. He has held senior roles in mining companies including Berkeley Energia plc, Pensana plc and Asia Resource Minerals plc. Mr Wade has worked […]