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 […]
Tag: Power Metal Resources plc
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 […]
Power Metal eyes new Botswana gold-nickel prospects
Power Metal Resources plc has signed an option agreement, with a down payment on drilling, to acquire a 100% interest in two gold-nickel prospecting licences in the Tati Greenstone Belt (TGB), northeast Botswana. Following a 60-day period of due diligence, Power Metal may exercise the option through its newly formed 100% owned subsidiary Power Metal […]
Power Metal prepares to drill at Kisinka
Power Metal Resources plc has had its exploration licence converted to a 25-year production licence as it prepares to drill for copper-cobalt at the Kisinka project in the Democratic Republic of Congo (DRC). The licence covers 61 carrés, each of 84.95 ha for a total of 5,181.95 ha, at the project located 30km east of […]