Power Metal Resources PLC (AIM:POW), has completed the acquisition of First Development Resources, which houses its interests in the Paterson region of Western Australia.
It now holds licences across five Paterson region properties.
Paul Johnson, chief executive, said, “We now hold granted licences across all Paterson Region properties and have fully completed the acquisition of the local operating company.”
“The aim of our work is to expedite the route to drilling of key targets, and further information with regard to our plans will be released in the near term."
Power Metal eased 1.5% to 1.7p.