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 […]
Tag: Power Metal Resources plc
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 […]
Kavango further extends option to acquire majority of KKME at Molopo
Kavango Resources plc announced an extension to the exclusive three-month option to acquire 85.23% of Kalahari Key Mineral Exploration Pty Ltd (KKME) at the Molopo project in Bostwana. TARGETS The company last week had a four-day extension and now has until close of business on 18 March 2022. “Technical due diligence of the Molopo Farms […]
Kavango extends deadline for Molopo acquisition
Kavango Resources plc announced an extension to the exclusive three-month option to acquire 85.23% of Kalahari Key Mineral Exploration Pty Ltd (KKME) in Botswana. DATE KKME is a private company, which currently owns 100% of prospecting licences PL310/2016, PL311/2016 and PL202/2018 known as the Molopo Farms project. The exploration project is focused on nickel, copper […]
Power Metal granted REE-uranium licences at Selta
Power Metal Resources plc said one of its subsidiaries had now been granted all its exploration licences for the rare earth element and uranium project at Selta in the Northern Territory, Australia. LICENCES All three granted Selta exploration licences have a term of six years to 15 February 2028. The grant includes EL32737 (780.85km2), EL32738 (312.17km2) […]
Power Metal prepares for Wallal drill contractor
Power Metal Resources plc has completed a desktop study and survey ahead of negotiations for a drill contract at its gold-copper Wallal project in the Paterson Province, Western Australia. LICENCES The company’s portfolio is through First Development Resources Ltd (FDR) and includes the Wallal tenements, Braeside West and Ripon Hills projects. Power Metal has a current effective interest of […]