Power Metal Resources PLC (AIM:POW) has kicked off its inaugural diamond drilling programme at the Haneti project in central Tanzania.
The nickel-copper-cobalt-platinum project will see 1,000 metres of drilling to help advance what chief executive Paul Johnson describes as a “district scale opportunity”.
"This is a great day, one that has been years in the making, as we commence inaugural diamond drilling at the Haneti Project targeting magmatic sulphide hosted nickel, copper, cobalt and platinum group metals,” said chief executive Paul Johnson.
“Haneti represents a district scale opportunity and we hope that drilling will unlock further value from the project enabling our technical team to better understand the various geological environments.
“Ultimately, a discovery of the metals targeted could be transformational for Power Metal and our partners Katoro.”
Haneti is held through a joint venture, with 65% owned by partner Katoro and 35% owned by Power Metal.