Metals & Minerals News

Power Metal heritage survey clears site drilling at Wallal

Power Metal Resources plc has received approval to start site drilling at the Wallal gold-copper project in the Paterson Province of Western Australia. HERITAGE CLEARANCE The company’s interests in projects in the area are held through its 62.12% subsidiary First Development Resources plc (FDR), which is due to be soon listed in the London capital markets. Wallal is one […]

Metals & Minerals News

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 […]

Metals & Minerals News

Power Metal agrees Paterson acquisition

Power Metal Resources plc has agreed to a 75% strategic interest in a UK special acquisition vehicle which will acquire outright copper-gold focused First Development Resources (Pty) Ltd (FDR Australia) in Western Australia. EXPLORATION VEHICLE FDR Australia’s interests lie in the Paterson Province in the eastern Pilbara region. In January 2021, Power Metal secured an […]