Power Metal Resources plc reported a “sigificant” expansion in the existing rare earth element and lithium exploration target area as well as new target areas at Selta in the Northern Territory. PRIORITY The company’s subsidiary (58.59%) First Development Resources plc (FDR) commissioned a high-level geophysical and geographical information system desktop study on the project’s mineral exploration […]
Tag: Selta – Northern Territory – Australia
Power Metal starts follow-up Selta exploration
Power Metal Resources plc’s subsidiary has started follow-up fieldwork for lithium exploration at its polymetallic Selta licence in the Northern Territory of Australia. SELTA Selta comprises three licences owned and operated by First Development Resources Ltd (FDR) which is due to be listed. FDR has identified four uranium and four rare earth elements targets as […]
Power Metal plans mapping and sampling at Selta
Power Metal Resources plc’s subsidiary plans mapping and surface sampling of prospective lithium targets at its Selta uranium-rare earth project in the Northern Territory, Australia. BUSINESS STRUCTURE First Development Resources Ltd (FDR), 82.78% owned by Power Metal, conducted a specific review on lithium following a recent in-depth data review covering the licence area. Selta is held within URE […]
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) […]