Power Metal Resources plc’s chief executive officer Paul Johnson has stepped down with immediate effect because of critical family health matters. He will be replaced by Sean Wade and will leave the board on 17 March. Mr Johnson will continue to work with the company on the managerial transition, communication strategies and notably “accelerate the […]
Tag: Power Metal Resources plc
Power Metal moves to value creation
Power Metal Resources plc said it would focus more on creating value from its existing interests rather than on acquisitions during the remainder of 2023. NEW PHASE In the group’s audited financial results for the year ended 30 September 2022, Power Metal chief executive Paul Johnson added that operational targets for 2023 included “proactive exploration work” […]
Power Metal increases uranium assets
Power Metal Resources plc has staked two further uranium properties, taking its total to 16 in Saskatchewan, and plans to extend the portfolio to other regions. HAWKROCK The acquisitions include Hawkrock East and Hawkrock West, each 12km apart, and covering a combined 4,280 hectares (42.80km2) within the prospective Snowbird Tectonic Zone (STZ) in the northeastern corner of […]
New Ballarat finds visible gold in first Berringa drill holes
New Ballarat Gold Corporation plc (NBGC) said it had found visible gold in the first three holes drilled at the Berringa gold mine within the wider joint venture (JV) project in Victoria, Australia. DRILL PROGRAMME Company partners Red Rock Resources plc (51.1%) and Power Metal Resources plc (49.9%) have also renewed the exploration licence covering […]
Power Metal completes 2,402m drill at Molopo
Power Metal Resources plc has completed its 2,402m diamond drill programme at the Molopo Farms Complex nickel-platinum group element (PGE) project in southwestern Botswana. DATASETS The company drilled five holes, focusing on four individual targets areas, to depths of between 300m and 650m. Power Metal will complete logging before shipping remaining samples for testing. “Historical exploration work […]
Power Metal stakes two further uranium assets
Power Metal Resources plc has staked two further uranium properties, taking the total to 14 over 940km2 in its portfolio over the Athabasca basin area in Saskatchewan, Canada. PROSPECTIVITY The company said that the acquisitions represented some of “the most significant additions” to its uranium portfolio. Power Metal paid C$5,842.34 (£3,600) for the properties which have a two-year […]