Power Metal Resources plc said its completed technical review of historical data showed “significant uranium prospectivity” at its portfolio surrounding the Athabasca Basin in Saskatchewan, Canada. DATA ROOMS The company holds seven properties which cover a total 450.01km2 (45,001ha). “We now have seven data rooms available which can be used for external third-party discussions, and also for internal […]
Tag: Power Metal Resources plc
Power Metal intersects near surface gold mineralisation
Power Metal Resources plc announced near surface gold mineralisation intersected from the inaugural drilling programme at its Tati project near Francistown, Botswana. RESULTS Shallow depth reverse circulation (RC) drilling results showed up to 5.17g/t gold over 3m from 9m downhole. The drill programme on PL126/2019 licence also confirmed prospective geological formations. ADDITIONAL LICENCE Power Metal […]
Power Metal increases uranium stake in Soaring Bay
Power Metal Resources plc has increased its stake in Soaring Bay by 71% to 79.07km2 following a review of the uranium property in northern Saskatchewan, Canada. LICENCES The company’s Canadian uranium portfolio includes seven 100% owned interests now covering an area of 450.01km2 (45,001 hectares). Soaring Bay lies is approximately 100km south of the Athabasca Basin. FINDINGS […]
Kavango prepares to drill test targets for REES at Ditau
Kavango Resources plc said it had identified three drill test targets out of 12 geophysical structures at its rare earth elements (REES) joint venture project at Ditau, Botswana. JOINT VENTURE Ditau is held in a 50-50 joint venture (Kanye Resources) comprising Power Metal Resources plc and Kavango as the operator. Kavango noted that the 12 […]
Power Metal identifies REE-uranium targets at Selta
Power Metal Resources plc said it had identified multiple rare earth element (REE)-uranium targets with additional tin and lithium prospectivity at its Selta project in the Northern Territory, Australia. DATA REVIEW The company’s 83.33%-owned subsidiary First Development Resources Ltd (FDR) holds the project. Consultants for FDR have now completed an in-depth review of all publicly available geological, geophysical […]
Power Metal halves losses and increases projects
Power Metal Resources plc halved losses and increased its cash balance and projects in metal and mineral exploration across three continents. FINANCES The company’s portfolio includes precious, base and strategic metals in Africa, Australia and North America. In its audited financial results for the year ended 30 September 2021, the company reported loss after tax of […]