Power Metal Resources plc’s subsidiary has started follow-up fieldwork for lithium exploration at its polymetallic Selta licence in the Northern Territory of Australia. SELTA Selta comprises three licences owned and operated by First Development Resources Ltd (FDR) which is due to be listed. FDR has identified four uranium and four rare earth elements targets as […]
Tag: Power Metal Resources plc
Power Metal reports high grade uranium samples
Power Metal Resources plc reported “high grade” assay results from rock samples at three of its uranium properties at the Athabasca basin area of Saskatchewan. PROSPECTIVITY In its phase I field programme between August and October 2022, the company collected a total 46 rock samples including 29 samples from Tait Hill and eight each from Thibaut Lake and […]
Power Metal increases Canadian lithium assets
Power Metal Resources plc has expanded its Canadian lithium portfolio by staking 5,788.5 hectares of the 100% owned North Wind project in Ontario. 2023 PROGRAMME The company’s other lithium project is in Authier North, Quebec. Power Metal identified North Wind by researching and analysing more than 600,000 lake sediment sample points collected by the Ontario […]
Power Metal completes majority share deal for Molopo
Power Metal Resources plc has completed the transaction to increase its share to 87.71% in the Molopo Farms Complex nickel platinum-group metal (PGM) project in southwest Botswana. OPERATIONS The company has now acquired the majority share in Kalahari Key Mineral Exploration Pty Ltd which owns Molopo. Power Metal is currently conducting a 2,600m diamond drill programme […]
Power Metal notes 175m mineralisation at Tati
Power Metal Resources plc reported further high gold grades and 175 metres continuity of gold mineralisation in its final assays from the drilling programme at Tati near Francistown, Botswana. RESULTS The results, from six remaining holes, follow last week’s positive results from the first three drill holes of the nine-hole reverse circulation (RC) programme on […]
Power Metal conditionally sells second uranium asset
Power Metal Resources plc has conditionally sold its second uranium property of E-12, immediately south of the Athabasca Basin in Northern Saskatchewan, Canada. TEATHERS The 13km2 property is under acquisition by Teathers Financial plc, subject to its listing by 31 December 2022. Teathers will pay £250,000 in 20,142,853 new ordinary shares of 0.1p each at an issue price of 1.24114 pence, and […]