Power Metal Resources PLC (AIM:POW) has signed a drilling contractor for its highest priority target at the Molopo Farms Complex nickel/platinum project in Botswana.
The identified conductor is very strong, steeply dipping and multi-kilometre in length, Power Metal said, and is co-incident with the keel of the feeder zone intrusion within target area T1-14.
Discovery Drilling Contractors Africa, the same company that completed the 2021 drilling campaign on Molopo Farms, is the contractor appointed and expected to start the drilling programme in January 2024.
Sean Wade, Power Metals’ chief executive, added: “We are very excited to be getting underway in the New Year and are confident that the detailed analytical work we have done this year will maximise our chances of success with this campaign.”
Power Metal holds an 87.71% interest in Kalahari Key Mineral Exploration, which holds a 100% interest in Molopo Farms.