Kavango Resources plc has been awarded an environmental management plan (EMP) covering all of its prospecting licences in the Kalahari copper belt, Bostwana. OPERATIONS The two-year licences include those within the Kanye Resources 50-50 joint venture with Power Metal Resources plc and the 90% earn-in JV with LVR GeoExplorers (Pty) Ltd. Kavango said that the […]
Tag: Power Metal Resources plc
Power Metal applies for 1,994km2 licences in Australia
Power Metal Resources plc has applied for two licences covering 1,994km2 and targeting Olympic Dam-style copper-gold mineralisation in the Gawler Craton, South Australia. SUBSIDIARY The company’s new wholly owned Australian subsidiary, Power Metal Resources Australia Pty Ltd (Power Australia) will be the host vehicle for new Australian exploration interests of Power Metal. These are being acquired to replace current […]
Power Metal increases uranium licences
Power Metal Resources has staked additional ground and started Phase 1 work programme on prospective uranium areas surrounding the Athabasca Basin in northern Saskatchewan, Canada. HISTORIC DATA The company also reported that compilation data for the Tait Hill property demonstrated uranium mineralisation on the property and extending outside of the previous property boundary. Compilation of data for the Clearwater property […]
Power Metal raises £40,000 with warrant exercise
Power Metal Resources plc has raised £40,000 after receiving notices to exercise warrants over 4,000,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 4,000,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 pence each in the company.
Power Metal welcomes co-funding for Au-Cu Wallal project
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 […]
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 […]