Power Metal Resources plc and Red Rock Resources plc plan a London listing for their joint venture focused on the Victoria gold fields, Australia. LISTING Red Rock Australiasia Pty Ltd (RRAL) is 50.1% owned by Red Rock and 49.9% owned by Power Metal. Paul Johnson, CEO of Power Metal and Andrew Bell chairman of Power Metal are […]
Tag: Power Metal Resources plc
Power Metal nears diamond drilling at Haneti
Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania. DRILL PLANS In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation. Katoro will now submit the drill […]
Kanye quadruples South Ghanzi project to 4,257km2
Kanye Resources has quadrupled its prospecting area with eight new licences (PLs) to 4,257km2 at the South Ghanzi copper-silver project in the Kalahari Copper Belt (KCB), Botswana. JOINT VENTURE The 50-50 strategic joint venture Botswana company comprises operator Kavango Resources plc and Power Metal Resources plc each with holdings through Kanye Resources plc, a UK company. Exploration costs […]
Power Metal acquires Tati gold-nickel licences
Power Metal Resources plc has exercised its option to acquire a 100% interest in two gold-nickel exploration licences within the Tati Greenstone Belt near Francistown, Botswana. PROSPECTIVE Chief executive Paul Johnson said that Francistown and its surrounding area had not undergone extensive modern exploration. “The company’s due diligence review of historic data identified numerous multi kilometre-scale […]
Power Metal restarts diamond drilling at Silver Peak, Canada
Power Metal Resources plc has restarted diamond drilling at the Silver Peak project in British Columbia, Canada. The project includes the Eureka-Victoria silver mine which is covered by the first ever Crown-granted mineral claim within the Province. The company conducted due diligence, testing the Victoria vein, during summer 2020 before heavy snowfall halted the drill programme in November 2020. […]
Power Metal raises £63,158 through warrant exercise
Power Metal Resources plc has raised £63,158 after receiving notices to exercise warrants over 8,421,053 new ordinary shares of 0.1 pence each (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,421,053 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each.