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AIM:POW

Power Metal Resources

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Market:
AIM
Market Cap:
£19.96 m
Price
2.30 GBX
Change
4.55%
52 weeks high
2.60
52 weeks low
0.16

Strategy

POW is seeking to discover large scale cobalt, copper, lithium or nickel deposits in Africa.

To this end, the Company has a diverse portfolio of projects across several jurisdictions including Botswana, Cameroon, The Democratic Republic of the Congo, Ivory Coast and Tanzania.

Projects Overview

 

BOTSWANA

Project: Molopo Farms Complex

Target metals: Nickel - Copper - PGMs

Objective: DISCOVERY | Seeking to secure a major metal discovery under sand cover by applying latest technology to identify large scale targets for early drilling

Status: ACTIVE | Ground geophysics underway to establish prime drilling targets from 17 zones of interest already identified

Full details...

Power Metal Resources

TANZANIA

Project: Haneti

Target metals: Nickel - Lithium

Objective: DISCOVERY | Through drilling of large targets identified from geological survey and follow up work to secure a major nickel sulphide discovery

Status: ACTIVE | Drilling nickel sulphide targets in near term and separately exploration review of lithium pegmatites with additional rare earth element potential

Full details...

CAMEROON

Project: Cobalt Blue Holdings

Target metals: Cobalt - Nickel

Objective: DISCOVERY | By demonstrating geological similarity of POW licences which are near to, and slightly larger than, the licenced ground holding the large scale Nkamouna cobalt deposit

Status: ACTIVE | Pitting programme underway to a depth of 15m to analyse below surface and take samples for testing

Full details...

IVORY COAST

Project: Lizetta II

Target metals: Nickel - Cobalt - Chrome

Status: REVIEW | Project under review as part of POW strategic and operational review

Full details...

THE DRC

Project: Kisinka

Target metals: Copper - Cobalt

Objective: DISCOVERY | Seeking to secure a major metal discovery within our current/future licence ground helping to confirm Lubumbashi region as a new copper-cobalt district

Status: ACTIVE | Project wide termite mound sampling just completed 7km copper anomaly identified and full results report now under review

Full details...

 

Botswana, Cameroon, Democratic Republic of the Congo (DRC), Ivory Coast and Tanzania.

The Board
Andrew Bell
Executive Chairman


Andrew Bell began his career as a natural resources analyst at Morgan Grenfell & Co. in the 1970s. His business experience encompasses periods in fund management and advisory work at leading financial institutions, international corporate finance work and private equity. Andrew Bell's listed company directorships are Regency Mines plc (AIM)Non-Executive Director, Red Rock Resources plc (AIM), Chairman and Chief Executive Officer, and Jupiter Mines Ltd (ASX), Non-Executive Director. Andrew Bell is also a former Director various resource sector companies including Star Striker Ltd (now Intiger Group Ltd) (ASX), and a former Non-Executive Chairman of Greatland Gold plc (AIM).

Andrew Bell has considerable sector experience, and his relevant skills also include financial, business and legal analysis, knowledge of Africa and Asia, as well as experience of public markets.

Paul Johnson
Executive Director


Paul Johnson holds a degree in Management Science from the University of Manchester Institute of Science and Technology and is a Chartered Accountant, Chartered Loss Adjuster and Associate of the Chartered Insurance Institute.  Paul is the Chief Executive Officer of Value Generation Limited a family investment and advisory company focused on the natural resource and related fintech sectors.

Paul Johnson is an experienced public company director and has previously been Chief Executive Officer of Metal Tiger plc (AIM), Metal NRG plc (NEX) and China Africa Resources plc (AIM).  He has been Chairman of ECR Minerals plc (AIM) and Non-Executive Director of Greatland Gold plc (AIM), Papua Mining plc (AIM) and Thor Mining plc (AIM).

Iain Macpherson
Non-Executive Director


Iain is a seasoned mining executive with over 30 years’ experience in senior management and executive roles for both junior and major mining companies.  He has a track record of operating, developing and financing mining projects, having led several significant stock market listings in the UK and North American markets and as a result has developed a network of private and institutional investors.

He has operated in senior operational and executive roles in Western and Eastern Europe and Russia including the development of three new mining projects before joining UraMin as Chief Operating Officer, which subsequently CEO. From late 2009 to July 2014 he was Chief Executive Officer of Elemental Minerals, building the team that has taken the project through exploration into project development and raising the finance to support the successful fast-track project strategy, delivering an on-time and on-budget advanced pre-feasibility study in September 2012.

In late 2014, Iain co-founded Madini with a group of similarly experienced mining professionals focusing on African near cash high margin mining projects.

Scott Richardson Brown
Non-Executive Director


Scott is a Fellow of the Institute of Chartered Accountants in England and Wales. He began his career at Coopers & Lybrand (later PricewaterhouseCoopers) in the banking and capital markets division, he later became a partner in the corporate broking/finance division of Oriel Securities Limited covering a range of sectors.

Since leaving Oriel Securities Limited, Scott has held a number of directorships of AIM-quoted companies operating within the natural resources sector.

Contact

Power Metal Resources plc
201 Temple Chambers
3-7 Temple Avenue
London EC4Y 0DT
United Kingdom

Telephone: +44 20 7583 8304

[email protected]

Key advisers

 
Role Adviser

Nominated Adviser and Joint Broker

SP Angel

Prince Frederick House
35-39 Maddox Street 
London W1S 2PP

Joint Broker

SI Capital Limited

19 Berkeley Street
London
W1J 8ED

Auditor and Reporting Accountant (Registered as auditors by the Institute of Chartered Accountants in England and Wales)

BDO LLP

150 Aldersgate Street 
London EC1A 4AB

Registrar

Share Registrars Limited

The Courtyard,
17 West St,
Farnham GU9 7DR

UK Legal Advisers

Michelmores

12th Floor 
6 New St Square
London EC4A 3BF

 

Shares information

All share information updated as at 13 June 2019.

 

Identity and percentage holdings of significant shareholders

 
Shareholder %

Regent Resources Capital Corporation (1)

9.00

Red Rock Resources plc (2)

6.89

David Christian Steinepreis

5.03

Paul Johnson (3)

4.96

Cobalt Blue Associates (1)

4.29

Two Shields Investments plc (1)

4.24

Andrew Bell (4)

3.03

Iain Macpherson (5)

0.57

 

Notes:

  1. Based on last notification of holdings
  2. Red Rock Resources plc is a company of which Andrew Bell is Chairman
  3. Paul Johnson is an Executive Director of Power Metal Resources plc
  4. Andrew Bell is Chairman of Power Metal Resources plc
  5. Iain Macpherson is a Non-Executive Director of Power Metal Resources plc

Key advisers

 
Role Adviser

Nominated Adviser and Joint Broker

SP Angel

Prince Frederick House
35-39 Maddox Street 
London W1S 2PP

Joint Broker

SI Capital Limited

19 Berkeley Street
London
W1J 8ED

Auditor and Reporting Accountant (Registered as auditors by the Institute of Chartered Accountants in England and Wales)

BDO LLP

150 Aldersgate Street 
London EC1A 4AB

Registrar

Share Registrars Limited

The Courtyard,
17 West St,
Farnham GU9 7DR

UK Legal Advisers

Michelmores

12th Floor 
6 New St Square
London EC4A 3BF