Kavango Resources plc said it had received an independent valuation of US$8 million for its rare earth element (REE) Ditau Camp and Kalahari Copper Belt (KCB) joint venture in Botswana. VALUATION The 50-50 JV, under Kanye Resources plc, is between Power Metal Resources plc and operator Kavango which intends to regain 100% control of the […]
Tag: Power Metal Resources plc
Power Metal confirms uranium exploration targets
Power Metal Resources plc has confirmed uranium exploration targets across four properties in the company’s portfolio surrounding the Athabasca Basin in Saskatchewan, Canada. PORTFOLIO The company’s uranium assets comprise seven properties of Thibaut Lake, Clearwater, Tait Hill, Soaring Bay, Cook Lake, E-12 and Reitenbach. The targets are on Tait Hill, Soaring Bay, Clearwater and Thibault Lake. EXPLORATION Power Metal added that […]
Power Metal continues Authier earn-in
Power Metal Resources plc said that strong lithium prices and neighbouring mining success had prompted it to continue its earn-in agreement for 100% of the Authier North and Duval East lithium properties in the prolific Val D’Or, Quebec, Canada. PROPERTIES In July 2021, the company’s local subsidiary Power Metal Resources Canada Ltd signed the earn-in agreement with Eagle Ridge […]
Power Metal-Kavango report further progress at Botswana projects
Power Metal Resources and Kavango Resources’ joint venture reported further progress from their rare earth element (REE)-base metals projects in southwest Botswana. JOINT VENTURE The 50-50 partners operating as Kanye Resources have assets comprising Ditau Camp and in the Kalahari Copper Belt (KCB). DITAU CAMP At Ditau, operator Kavango completed four diamond drill holes across […]
Kavango to acquire Power Metal share of Botswana JV
Kavango Resources plc is to acquire Power Metal Resources’ 50% share of their two-year joint venture and regain control of its rare earth element (REE)-base metal projects in Bostwana. KANYE RESOURCES The partners’ company Kanye Resources owns working interests in 10 prospecting licences in the Kalahari copper belt (KCB), covering 4,257km2. Kanye also owns two prospecting […]
Power Metal-Red Rock to acquire Berringa gold mine
Power Metal Resources plc and Red Rock Resources plc are to acquire the historic Berringa gold mine within exploration licence EL5535 in the Victoria gold fields of Australia. BUSINESS STRUCTURE The partners’ joint venture (JV) company Red Rock Australasia Pty Ltd (RRAL) entered an agreement for the acquisition from Balmaine Gold Pty Ltd which is a wholly owned subsidiary […]