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Power Metal Resources 'buoyed' by recent gold exploration discoveries near to its Australia projects

Mining Capital's Alastair Ford discusses Power Metal Resources' (LON:POW) JV in Australia with Red Rock Resources (LON:RRR). Ford says their projects are in the vicinity of several famous gold mines that are already producing including Fosterville. ''The company's got a significant swathe of ground there and will be adopting a geological model based around the Fosterville mine and they're also 'buoyed-up' by recent exploration discoveries that have been made by other companies in the area''.

Quick facts: Power Metal Resources

Price: 1.15 GBX

Market: AIM
Market Cap: £8.87 m

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