Power Metal Resources plc said its conditional acquisition company had received government co-funding for up to A$165,000 for the Wallal gold-copper project in the Paterson region of Western Australia. WALLAL The project is wholly owned by First Development Resources Pty Ltd (FDR Australia) which Power Metal is working to acquire. The licences cover 572km2 and include E45/5816 – Wallal Main […]
Tag: Power Metal Resources plc
Power Metal completes Schreiber-Hemlo assets sale to FCM
Power Metal Resources plc has completed the sale to First Class Metals Ltd (FCM) of its 100% owned Schreiber-Hemlo interests in Ontario, Canada. WORKING CAPITAL Power Metal chief executive Paul Johnson said that the transaction was the first completed corporate disposal/spin-out for the company which would hold a significant interest in FCM. “Our corporate disposal/spin-out developments […]
Power Metal raises £69,306 through warrant exercise
Power Metal Resources plc raised £69,306 after receiving a notice to exercise warrants over 9,240,843 new ordinary shares of 0.1 pence each. The warrant shares are being issued pursuant to the exercise of 9,240,843 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each.
Power Metal nears acquisition of Wallal
Power Metal Resources plc is closer to acquiring First Development Resources Australia (FDR Australia) with its two copper-gold Wallal exploration licences in the Paterson Province of Western Australia. LICENCES The news follows the granting of licences E45/5816 – Wallal Main and E45/5880 – Wallal West 2 to FDR Australia. The Wallal Main licence hosts two magnetic […]
Power Metal encounters nickel enrichment at Molopo
Power Metal Resources plc said it had encountered nickel enrichment at Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. ASSAYS The results are from further assays received for hole KKME 1-6, the second of three holes at the project. Nickel enrichment was encountered throughout the entire 7m interval assayed as part of the batch, […]
Red Rock-Power Metal set up Australia gold JV
Red Rock Resources plc and Power Metal Resources plc have started the incorporation of a new holding company for their joint venture in the Victoria gold fields, Australia. IPO The companies’ current joint company, Red Rock Australasia Pty Ltd (RRAL), will be held in New Ballarat Gold Corporation plc (NBGC). RRAL will become a wholly owned […]