Power Metal Resources plc has restructured its subsidiary with interests in Australia by acquiring 100% of Pardoo Resources Pty Ltd holding gold-copper interests in the Paterson Province. STRUCTURE Power Metal owns 83.33% of First Development Resources (FDR UK). Pardoo is an Australian exploration holding company which holds projects in trust for First Development Resources Pty Ltd (FDR Australia). In 2021, […]
Tag: Power Metal Resources plc
Kavango-Power Metal expand exploration at Ditau
Kavango Resources plc has started a second drill hole and expanded its exploration programme at Ditau Camp rare earth element (REE)-base metals joint venture (JV) in Botswana. JOINT VENTURE The 50-50 project comprises the operator and Power Metal Resources plc, as Kanye Resources. The JV holds two prospecting licences of PL169/2012 & PL010/2019, covering 1,386km2 […]
Kavango-Power Metal complete first Ditau borehole
Kavango Resources plc and Power Metal Resources plc have completed the first diamond drill hole at the Ditau Camp rare earth element (REE) project in Botswana. JOINT VENTURE Ditau is a 50-50 strategic joint venture, operating as Kanye Resources, between Power Metal Resources plc and Kavango as the operator. The project comprises two prospecting licences […]
Power Metal receives £17,368 via warrant exercise
Power Metal Resources plc raised £17,368 after receiving notice to exercise warrants over 2,315,789 new ordinary shares of 0.1 pence. The exercise price was of 0.75p per warrant share. Following admission to trading, the company’s issued share capital will comprise 1,469,269,704 ordinary shares of 0.1p each.
Power Metal granted Cherished Hope licence
Power Metal Resources plc has been granted a third prospecting licence, containing the historical Cherished Hope mine, in the Tati Greenstone Belt near Francistown, Botswana. ANOMALIES The company’s subsidiary, Tati Greenstone Resources Pty Ltd, holds the 16.14 km2 licence, which also holds a large gold-in-soil anomaly. Prospecting licence 049/2022 adds to the company’s existing PL126/2019 and PL127/2019. […]
Kavango-Power Metal start drilling at Ditau
Kavango Resources plc and Power Metal Resources plc have started diamond drilling target i10 at the rare earth element (REE)-copper Ditau Camp project in southwest Botswana. JOINT VENTURE The 50-50 joint venture (JV) is held as Kanye Resources plc, with Kavango as the operator. TARGET i10 Target i10 is a ‘carbonatite pipe’ type intrusive target. Kavango […]