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 […]
Tag: Power Metal Resources plc
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 […]
Power Metal subsidiary develops Australia targets
Power Metal Resources plc said it was preparing for the most effective way to develop target areas in its gold, rare earth element (REE) and uranium projects in Australia. WALLAL-BRAESIDE WEST-RIPON HILLS The company owns 83.33% of local company First Development Resources Ltd (FDR), which plans to list on the London capital markets in Q3 2022. FDR recently completed a […]
New Ballarat pauses drilling for results at Victoria
New Ballarat Gold Corporation plc joint venture (JV) has paused drilling to await assay results from exploration in the Victorian gold fields, Australia. JOINT VENTURE The JV comprises Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat has a 100% interest in Red Rock Australasia Pty Ltd (RRAL). INITIAL RESULTS The company completed […]