Power Metal Resources PLC (AIM:POW) said final approval has been received to enable the start of drilling at the Wallal copper-gold project in Western Australia.
The project is held through Power Metal’s 62.12% subsidiary First Development Resources PLC (FDR), which is planning to list in London this year.
A Heritage Clearance Survey at Wallal, which was completed last month under the supervision of the Yamatji Marlpa Aboriginal Corp and the Nyangumarta people, confirmed that drilling can proceed.
FDR expects to start the diamond drilling programme immediately after its London listing.
"The completion of the Heritage Clearance Survey provides FDR with the final approval required to proceed with the Phase I diamond core drilling programme at FDR's flagship Wallal project in the Paterson province,” said FDR chief executive Tristan Pottas.
“On receipt of the final report, we have immediately engaged the services of an earthworks contractor to prepare the site to enable our drilling partner DDH1 to commence drilling at the earliest convenience following our planned UK listing."
The Phase I diamond core drilling programme will initially test the Eastern Anomaly, which is interpreted to consist of two lobes which result in a distinct target area of about 2.5km x 2.5km, targeting a large-scale gold-copper discovery, it said.