Power Metal Resources plc said its 2023 exploration programme aimed to confirm a large gold-bearing system on its 100% owned and operated Tati gold project near Francistown in Botswana. PROGRAMME The company has started exploration activities which will also include the delineation of a deposit in the 8km long gold-in-soil anomaly. Work involves 500-metre mechanised trenching, […]
Tag: Power Metal Resources plc
Power Metal raises £900,000 via placing-subscription
Power Metal Resources has raised £900,000 before expenses from a completed placing and subscription. FINANCING The company issued 64,285,714 new ordinary shares of 0.1p each in the company at an issue price of 1.4p per share, the closing market bid price on 13 January 2023. Each financing share has an attaching warrant to subscribe for one new […]
New Ballarat extends Victoria licences
New Ballarat Gold Corporation plc (NBGC) joint venture (JV) has received positive rock sampling results of gold mineralisation surrounding Ballarat mine in the Victoria gold fields, Australia. ROCK SAMPLING The JV, planned for listing, is between Red Rock Resources plc (50.1%) and Power Metal (49.9%). The results were published as NBGC announced it was granted […]
Power Metal acquires first graphite project
Power Metal Resources plc has intensified its focus on specialist ‘battery metals’ by acquiring its first graphite project and forming a new UK private battery metals and minerals focused vehicle. DOERKSEN BAY The new project of Doerksen Bay covers 4,222 hectares and lies 230km northeast of La Ronge in Saskatchewan, Canada. The acquisition centres on five Saskatchewan mineral […]
Power Metal completes first drill hole at T1-3 in Molopo
Power Metal Resources plc has completed the first drill hole at target area T1-3 at its Molopo Farms Complex nickel and platinum group elements project in southwest Botswana. OPERATIONS Diamond drillhole DDH1-3A reached a depth of 450m while the first drill hole, DDH2-3A, into target area T2-3A has to date reached downhole depth of 129.4m. […]
Power Metal plans Wilan merger to reach Mount Isa
Power Metal Resources plc is extending its Australian copper reach in a planned merger of its Wilan project with two companies holding other exploration licences in Queensland. LISTING The Wilan project comprises two exploration licences covering a total 1,994km2. Power Metal has signed a heads-of-terms to combine Wilan with projects held by Australian companies RAB […]