Kavango Resources plc said it had identified three drill test targets out of 12 geophysical structures at its rare earth elements (REES) joint venture project at Ditau, Botswana. JOINT VENTURE Ditau is held in a 50-50 joint venture (Kanye Resources) comprising Power Metal Resources plc and Kavango as the operator. Kavango noted that the 12 […]
Tag: rare earth elements
Kavango drops Molopo nickel to focus on Ditau rare earths
Kavango Resources plc said that, due to insufficient shareholder agreement, it had cancelled its acquisition plans for the Molopo Farms Complex nickel project in Botswana. OFFER To avoid further delays and costs, Kavango has turned its focus on the Ditau rare earth elements project. Yesterday, the company said it planned to make a provisional offer […]
Altona to start phase II drill at Monte Muambe
Altona Rare Earths plc said it would start Phase II drilling following positive exploration results at its Monte Muambe project in Tete Province, northwest Mozambique. PHASE I The company’s prospecting licence 7573L covers a 4km diameter circular carbonatite intrusion. Phase I cost £580,000 with results from three drill holes and samples from multiple drill sites […]
Power Metal identifies REE-uranium targets at Selta
Power Metal Resources plc said it had identified multiple rare earth element (REE)-uranium targets with additional tin and lithium prospectivity at its Selta project in the Northern Territory, Australia. DATA REVIEW The company’s 83.33%-owned subsidiary First Development Resources Ltd (FDR) holds the project. Consultants for FDR have now completed an in-depth review of all publicly available geological, geophysical […]
Power Metal granted REE-uranium licences at Selta
Power Metal Resources plc said one of its subsidiaries had now been granted all its exploration licences for the rare earth element and uranium project at Selta in the Northern Territory, Australia. LICENCES All three granted Selta exploration licences have a term of six years to 15 February 2028. The grant includes EL32737 (780.85km2), EL32738 (312.17km2) […]
Power Metal nears grant of REE-uranium licences
Power Metal Resources plc said the grant of licences was imminent for its rare earth element-uranium Selta project in the Northern Territory, Australia. LICENCES Selta is held within URE Metals Pty Ltd, an Australian private company and wholly owned subsidiary of First Development Resources Ltd (FDR) in which Power Metal currently holds a 96.15% interest. Power Metal said that […]