Red Rock Resources Australasia Pty Ltd (RRAL) said it expected exploration would confirm “significant mineralisation” ahead of drilling later this year at its new licences in the Victoria gold fields, Australia. The joint venture company, owned by Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), said it was fast tracking exploration efforts […]
Tag: Power Metal Resources plc
Power Metal receives £125,450 in warrant exercise
Power Metal Resources plc said it had received subscription monies of £125,450 following notices to exercise warrants over 13,295,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 10,795,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 […]
RRAL granted three licences in Victoria gold fields
Red Rock Resources Australasia Pty Ltd (RRAL) said it had been awarded its first licences for a period five years in the gold fields of Victoria, Australia. LICENCES The licences include 133 km2 Blue Whale, south and east of Ballarat (EL007271); 74 km2 Blue Chip, west and south of Ballarat (EL007281); and 8 km2 Blue […]
Power Metal receives £107,213 via warrant exercise
Power Metal Resources plc has received £107,213 following notices to exercise warrants over 11,773,926 new ordinary shares of 0.1 pence each in the company. Exercise of 7,563,400 warrants was at 1.0 pence per ordinary share and 4,210,526 warrants at 0.75 pence per ordinary share. Following admission, the company’s issued share capital will comprise 1,087,181,372 ordinary shares […]
Power Metal looks to increase Ontario assets
Power Metal Resources plc plans to increase its interests in Ontario just days after the company’s acquisition of gold projects in the Canadian province. FOOTPRINT The company has signed a 30-day option for four gold exploration properties in the Hemlo-Schreiber greenstone belt for a total C$260,000. McKellar comprises 58 mining claims over 12.3km² prospective for […]
Power Metal raises £97,737 via warrant exercise
Power Metal Resources plc said it had received £97,737 subscription monies following notices to exercise warrants over 12,631,578 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 12,631,578 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 […]