Power Metal Resources said its 83.33%-owned subsidiary First Development Resources (FDR) has identified several priority targets at its Selta uranium and rare earths project in Australia.
Four targets have been identified as containing possible uranium mineralisation and three for rare earth elements.
Tristan Pottas, FDR’s chief executive, said: "The completion of the in-depth review provides further validation of our view as to the prospectivity of the Northern Territory Selta Project.
“Alongside the anticipated Uranium and REE exploration potential, the review has highlighted potential for lithium and tin mineralisation, alongside the prospect of gold and base metal mineralisation.”