Power Metal Resources plc announced it had completed the earn-in to a 40% direct interest in the nickel sulphide and platinum group metals project at Molopo Farms Complex (MFC) in Botswana. The miner’s agreement with Kalahari Key Mineral Exploration Pty Ltd began in 2019 based on Power Metals expending US$500,000 on exploration, notably drilling of […]
Tag: Power Metal Resources plc
Power Metal given extension for Cu-Au option in Paterson
Power Metal Resources plc has secured a short extension to its option to acquire First Development Resources (Pty) Ltd with copper-gold exploration interests in the Paterson Province in the eastern Pilbara Region of Western Australia. In January, the junior miner secured an exclusive 60-day option to acquire the Australian company to increase its interests in […]
Power Metal confirms nickel intersections at Molopo
Power Metal Resources plc announced significant nickel intersections from the first assay results for diamond drilling at the Molopo Farms Complex project in Botswana. Site operator, Kalahari Key Mineral Exploration Pty Ltd, is targeting prospective magmatic intrusion-hosted massive nickel sulphide and platinum-group element (PGE) mineralisation at the district-scale site. In October 2020, Kalahari Key began […]
Power Metal plans deep diamond drill at Haneti
Power Metal Resources plc said it planned a deep diamond drill campaign following results of RAB drilling at its joint venture nickel and platinum group metals (PGM) project at Haneti, central Tanzania. POTENTIAL The 50-hole, 1,965m shallow rotary air blast (RAB) drilling programme was conducted at Mihanza Hill and Mwaka Hill. Power Metal said that […]
Kanye SJV to add more Cu-Ag licences at South Ghanzi
Kavango Resources plc and strategic joint venture (SJV) partner Power Metal Resources plc have signed conditional agreements to acquire a 100% interest in eight licences in the Kalahari Copper Belt (KCB). The move follows the 50-50 SJV’s creation of two new companies; Kanye Resources (Pty) Ltd (Kanye Botswana) which is wholly owned by Kanye Resources […]
Red Rock-Power Metal increase Victoria licences
Red Rock Australasia Pty Ltd (RRAL) joint venture has been granted two further licences in the Victoria gold fields of Australia. BALLARAT The new five-year licences comprise Blue Stocking (EL007327) 60km2 licence to the south west of Ballarat; and Sardinia (EL007385) 4km2 licence to the north of Daylesford. Partners Power Metal Resources plc (49.9%) and […]