Power Metal Resources plc has identified multi-scale anomalies during due diligence at gold-nickel properties in the Tati greenstone belt, Botswana. TREND The company has the option to acquire 100% of prospecting licences 127/2019 and 126/2019, prospective for gold and nickel. Compiled historical data has identified “multi-kilometre-scale nickel, arsenic and gold in-soil anomalies” on PL127/2019 and […]
Tag: Power Metal Resources plc
Kanye sets Morula as priority target
Kanye Resources plc announced that Morula was now the highest priority exploration target following further results in the South Ghanzi project in the Kalahari Copper Belt (KCB), Botswana. The 50-50 strategic joint venture (SJV) involves Kavango Resouces plc (operator) and Power Metal Resources plc. Kavango completed and analysed samples from 16km of infill soil-sampling at […]
Power Metal buys Nevada projects from Sunrise
Power Metal Resources plc has acquired two Nevada copper-gold exploration properties from Sunrise Resources plc. EXPLORATION The acquisition comprises the Garfield copper-gold and Stonewall gold projects located in the Walker Lane mineral belt. Garfield lies 10km east of the town of Hawthorne in Mineral County and Stonewall is 15km south of the historic mining town […]
Power Metal adds Nevada gold project to US portfolio
Power Metal Resources plc announced it had signed an earn-in agreement for a new gold property in the United States. The miner’s new wholly-owned subsidiary Golden Metal Resources Ltd signed an agreement to take out an option to acquire up to 100% of the Golconda Summit gold property in central Nevada, USA. Power Metal’s other […]
Power Metal aims to become ‘stand-out performer’
Power Metal Resources plc has increased its assets, investments and working capital to grow its portfolio across Australia, Africa and North America. FINANCES In its unaudited interim results for the six months ended 31 March 2021, the junior miner recorded £2,692,474 raised through warrant exercises and held net assets of £4.6 million (30 September 2020: […]
Power Metal takes next step to Paterson acquisition
Power Metal Resources plc announced it had established a new UK private company for its pending acquisition of copper-gold interests in the eastern Pilbara region of Western Australia. PROJECTS The special acquisition vehicle, FDR UK, will acquire outright First Development Resources (Pty) Ltd (FDR Australia) in the Paterson Province, subject to conditions. The transaction covers […]