Power Metal finalising technical review of phase 1 Molopo drilling
"The aim of our venture at the MFC project is the discovery of a major nickel deposit"
Company
Power Metal Resources PLC
LON:POW
Power Metal Resources PLC is a metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries. The company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia and Australia.
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Power Metal Resources says South Ghanzi anomaly now at 18km
South Ghanzi is being developed through a 50/50 Joint Venture with Kavango Resources
Power Metal Resources inks deal for two Canadian lithium properties
The company said under the deal it may earn in a 100% interest in the Authier North and Duval East properties, located in the prolific Val D’Or mining camp in Quebec
Power Metal venture ready to move to drilling at Botswana rare earths project
Kavango Resources PLC (LON:KAV) is Power Metals 50/50 partner
Power Metal Resources CEO says extensive exploration planned over 2021
“In summation we are, in my view, bursting at the seams with discovery potential and crystallisable value", said CEO Paul Johnson
Power Metal Resources initiates work programme on the Tati projects in Botswana
Power Metal Resources has a diverse range of assets and projects in various jurisdictions
Power Metal starts sampling at Tati after review of historical data
Significant arsenic, nickel and gold-in-soil anomalies were identified
Power Metal says significant target identified at South Ghanzi in Botswana
"The exploration datasets from South Ghanzi have delineated very strong drill targets."
Rare earths & specialist minerals
Power Metal snaps up two exploration properties in prolific Walker Lane mineral belt
Power Metal will pay an initial £20,000 cash, with £61,875 from the issue of 2.25mln shares, plus another 2.25mln warrants
Power Metal takes option over Nevada gold property
Golconda Summit is an early-stage gold exploration project
Power Metal hails exploration success over past six months
: “Since October 2020 we have invested in exploration work in every single project we hold an interest in"
Power Metal stakes claim in Paterson region with FDR deal
“This region has seen considerable interest in recent years following the Havieron discovery"
Power Metal Resources shares surge after South Ghanzi update
The most significant airborne electromagnetic conductor (Acacia) lies just south of the northern boundary of PL036/2018, which is about 9km south-west of Ghanzi town
Power Metal supports new holding company for the Molopo Farms Complex project
"We are delighted to see the MFC Project structuring discussions progressing so efficiently and we continue to work with our partners to implement this as quickly as possible," said Power Metal CEO, Paul Johnson
Power Metal Resources secures option to acquire two prospecting licences in Botswana
The option allows for a 60-business day due diligence period
Power Metal Resources moves to get meaningful exploration exposure in Australia’s Paterson Range
Power Metal Resources has a diverse portfolio of investment and exploration assets around the world
Power Metal and Red Rock update on exploration at Australian JV
Red Rock Australia has undertaken a sampling and mapping programme to identify potential southern extensions to the main lode systems of Ballarat East
Power Metal Resources completes Molopo Farm earn-in
Power Metal also holds 18% of Kalahari Key and taken together its effective economic interest in the MFC Project is 50.8%.
Power Metal Resources set for IPO wave suggests research house
‘Buy’ with a target price of 6.1p per share is the research house’s view
Power Metal secures further short extension to acquire Australia's First Development Resources
The Paterson Province is home to Rio Tinto’s Winu copper-gold project and Greatland Gold's Havieron discovery
Power Metal says assays confirm nickel intersections at Molopo Farm
"All five of the significant drill intersections can be considered open until the intervening samples are analysed"
Investments and investor services
Power Metal says deep drilling programme to be undertaken at Haneti
Diamond drilling is now planned to a depth of at least 400m in order to intersect the TDEM and magnetic geophysics anomalies
Nickel sulphides confirmed at Molopo Farms says Power Metal
The metal was identified in three core samples containing visible sulphide grains taken from drill hole KKME 1-6.
Power Metal Resources and Kavango Resources plan to list Botswana jv in London
"The conditional acquisitions announced today, subject to due diligence and approvals in Botswana, would significantly increase the footprint of Kanye Botswana in the Kalahari Copper Belt,” said Paul Johnson, chief executive of Power Metal
Red Rock Australasia awarded two licences in Victoria, boosting IPO plans
Earlier this month, Red Rock Resources said it had initiated the process to list certain core assets of RRAL via an IPO
Power Metal Resources accelerates its earn-in at Silver Peak and lines up the project for listing
Power Metal Resources has a diverse portfolio of exploration and development assets
Power Metal updates on ongoing activities across its broad portfolio
Power Metal Resources has multiple workstreams ongoing around the world
Power Metal takes up two more options on Ontario gold belt
Magical is located 9km northwest of Barrick Gold Corporation's Hemlo Mine while Enable is on the western part.
Power Metal Resources acquires Coco East gold project in option deal
The project is located on the verges of the Big Duck Lake Porphyry which is thus far associated with over twenty known gold and/or base metal occurrences, the company noted
Full year results from Power Metal Resources highlight rapid pace of development
The company has built a strong portfolio against a backdrop of rising commodities prices
Power Metal Resources encouraged by drilling at Molopo Farms in Botswana
A report has identified 14 new targets in the feeder zone, with priority targets recommended to be ranked for follow-up ground exploration
Power Metal Resources exercises option to buy McKellar gold exploration property
The firm said the purchase strengthens its landholding over a part of Ontario which is currently seeing heightened junior exploration company activity
Power Metal Resources proposes process to enable potential dividend payments
The company is either on track or ahead of schedule with project funding requirements, said chief executive Paul Johnson
Power Metal JV wastes no time starting exploration at Ballarat
Work initially will be to evaluate previously identified areas of interest within all tenements.
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Moonpig Group (LON:MOON) has joined the main market. The retailer of curated gifts and personalised cards is targeting less than 2.0x net debt to EBITDA as at 30 April 2021. Mkt Cap at 350p c.£1.2bn. £20m primary and £491.2 sale of existing
Power Metal Resources steps up surveying at Botswana joint venture ahead of IPO spin-off
The companies are preparing for a potential listing of the joint venture on a recognised stock exchange under the name of Kanye Resources
Power Metal Resources looks to grow Ontario presence, hails completion of drilling in Tanzania
Alongside the recent Hemlo North acquistions, the option properties would give the company a “significant footprint in the Hemlo/Schreiber district”
Power Metal Resources snaps up three Canadian gold exploration projects
“The project has the potential for both gold and base metal discoveries in an under-explored area which offers Power Metal, as a proactive exploration company, the potential to add significant value through early-stage exploration success"
Power Metal bags option over Paterson Province copper-gold exploration projects
The rush into the Paterson area has accelerated following Greatland Gold’s Havieron discovery
Power Metal Resources gives breakdown of current funding position
Power Metal has a diverse portfolio of exploration assets around the world
Investments and investor services
Power Metal Resources reports significant progress at Haneti
Power Metal Resources has a diverse portfolio of exploration assets around the world
Power Metal Resources details more progress at Molopo Farms
Power Metal Resources has a diverse portfolio of assets around the world
Power Metal Resources updates on further progress at Ditau
Power Metal has a diverse portfolio of assets around the world
Power Metal Resources notes start of maiden drill programme at Haneti project
The explorer, which owns a 35% stake in the Tanzanian project, said the programme involves 2,000 metres of Rotary Air Blast drilling with a planned 50 holes to circa 40 metres depth per hole
Power Metal pleased with assay results at Silver Peak
Planned holes covering a number of possible high-grade vein continuity targets could not be completed and have been deferred until weather conditions improve
Power Metal reports zinc indications in early work at South Ghanzi
Zinc is a recognised pathfinder element for the less mobile copper ions in the soil
Power Metal Resources encouraged by recent drilling at Molopo Farms
The company has a diverse portfolio of exploration assets in Africa and elsewhere
Power Metal begins geophysics programme at Kisinka
The company said the object of the survey work is to obtain a more accurate picture of structures and identify conductive targets in order to optimise subsequent drill targeting
Power Metal Resources completes second drill hole at Molopo Farms
Chief executive Paul Johnson said the company is pleased with progress at the project in Botswana.
Power Metal starts fieldwork at Alamo project in Arizona
The AIM-listed junior has the right to earn-in up to a 75% interest in the Alamo project.
Power Metals Resources kicks off exploration at South Ghanzi copper project
"We are very excited to undertake ground exploration work at the South Ghanzi Project," said chief executive Paul Johnson
Power Metal Resources encouraged by progress of second hole at Molopo
“After a short weekend break, the drilling team will now continue the hole down to the target depth of circa 500 metres."
Power Metal Resources looks ahead to significant upside from major exploration campaigns as 2020 rounds out into 2021
Power Metal Resources has a diverse portfolio of assets
Power Metal Resources completes Silver Peak programme
“The additional work undertaken by the team has added to our geological understanding of the silver mineralisation," said chief executive Paul Johnson
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Power Metal Resources jumps on positive updates from Arizona, Congo and Botswana
Remember the Alamo! Power Metal has a lot of irons in the fire and the Alamo Gold Project in Arizona is one of them
Investments and investor services
Power Metal Resources says maiden drilling programme at Haneti is imminent
The maiden drilling programme will entail 2,000 metres of rotary air blast drilling with 40 holes to be drilled
Power Metal Resources says first hole drilled at Molopo Farms
"We will now move the drill rig to the second hole location where drilling is expected to commence imminently.”
Proactive weekly mining highlights: Power Metals, Red Rock Resources, Jubilee Metals, Condor Gold, Caledonia Mining ...
A snapshot of some of the week's important morning stories
Power Metals and Kalahari Key now nearing target depth in drilling at Molopo Farms
Power Metal has a broad portfolio of exploration assets around the world
Power Metal Resources begins drilling at Canada's Silver Peak
A new drilling programme will provide core from more locations across the property than the original plan
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Banquet Buffet 88 Energy 0.44p £39.3m (AIM:88E) Update related to its Project Icewine on the North Slope of Alaska. Total Prospective Resources of 1.77bn barrels of oil equivalent. Substantial oil volume in the Seabee formation - 1.4bn barr
Red Rock and Power Metals joint venture company makes further process with licence applications in Australia
Red Rock and Power Metal both have diverse portfolios of assets around the world
Power Metal Resources now on the cusp of drilling at Silver Peak
Power Metal Resources has a diverse portfolio of exploration and development assets around the world
Power Metal Resources backs fundraise by partner Kalahari Key
Power Metal has an 18.26% stake in Kalahari Key plus the right to earn a 40% direct stake in Molopo
Power Metal says drilling at Molopo off to encouraging start
Results thus far support the geophysical model for an intrusion feeder zone
Power Metal Resources signs up drill contractor for Silver Peak programme
Drilling is expected to start next week and be complete before winter conditions set in
The global mining IPO market in 2020 – a COVID-19 induced downturn
The number of mining companies listing on the Canadian, UK and Australian stock exchanges this year is down on previous years but that could just mean a backlog of listings is building up
Power Metal Resources surges as drilling commences at Molopo Farms Complex
The initial drilling covers the first of four planned holes constituting a phase one programme at the project covering 2,505 metres
Power Metal Resources all keyed up for drilling at Molopo Farms in Botswana
Power Metal Resources has a diverse portfolio of assets around the world
Investments and investor services
Power Metal Resources gets set to drill the Haneti nickel project in Tanzania
Power Metal Resources has a diverse portfolio of assets in various jurisdictions
Power Metal Resources initiates exploration work on the Kalahari Copper Belt joint venture
Power Metal has a diverse portfolio of assets in various jurisdictions
Power Metal Resources confirms bonanza silver grades at the Silver Peak project in Canada
Power Metal Resources has a diverse portfolio of exploration and development assets around the world
Power Metal Resources acquires major new landholding in Botswana
Power Metal Resources holds a diverse portfolio of precious and base metals assets around the world
Power Metal receives bulk of historical reports for Victoria applications
"The project Reports provide extensive evidence of gold mineralisation throughout the licence application ground"
Power Metal Resources exercises option to earn-in to Silver Peak Project
“The decision to exercise this option, on schedule, provides Power Metal with its first, potentially high impact, silver exploration project interest”
Power Metal Resources completes due diligence programme at Silver Peak
Samples will be analysed expeditiously in lab ahead of an option decision by the Power team
Power Metal Resources updates on operations
The miner outlined the current status of operations across its six existing projects and two projects under due diligence
Power Metal Resources highlights results of survey at Molopo Farms, new application for Australian JV
The company said the survey results had correlated and confirmed the results of previous geophysics assessments on high priority targets at the site
Power Metal Resources begins exploration at Silver Peak project
The work programme at the site, located in British Columbia, is centred on channel sampling at close intervals perpendicular to existing known high-grade veins
Investments and investor services
Power Metal Resources takes stake in Haneti nickel project up to 35%
Power Metal Resources has a diverse portfolio of mining exploration and development assets
Power Metals and Red Rock joint venture makes further progress evaluating exploration targets in Australia
The joint venture licences look highly prospective for gold
Power Metal Resources says now all set for drilling at Molopo Farms
Power Metal has a diverse portfolio of assets across Africa and elsewhere
Power Metal Resources signs option agreement over British Columbia silver mine
Power Metal Resources has a diverse portfolio of attractive mineral assets
Power Metal Resources says drilling at Molopo Farms is now not far away, as nickel price starts to move
Power Metal Resources has a diverse portfolio of investments across Africa
Power Metal kicks off exploration at Alamo Gold Project
"We intend to continue exploration work at pace, but in a disciplined manner."
Power Metal Resources finalises drill programme for Haneti project
The plan involves a first stage exploration programme to verify and drill test potential chonolith-type nickel sulphide mineralisation within the main prospective belt of rocks within the project
Power Metal takes out option on Alamo Gold project in Arizona
"This is a major step forward for Power Metal, giving the company an opportunity to expand its gold project portfolio and starting a journey into North American gold interests"
Power Metal Resources converts Kavango loan notes into shares
The move results in a 2.46% shareholding in Kavango, plus a further holding of share warrants
Power Metal Resources outlines strategic goals
Power Metal Resources has a broad portfolio of operational and investment assets
Power Metal Resources raises £1mln at zero discount, shares rise
Power Metal Resources has a broad portfolio of assets across several continents
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Power Metals Resources* (LON:POW) – Test-pit results from Kisinka Rio Tinto (LON:RIO) – Oyu Tolgoi project update Tertiary Minerals* (LON:TYM) – Issue of shares to Precious Metal Capital Group
Power Metal says field programme confirms copper anomalous areas at Kisinka
The enlargement of the copper anomalous areas detected in the previous exploration efforts enables the company to proceed with confidence
Power Metal Resources registers additional claims at Alamo gold project
The company also said it is in discussions to complete due diligence and related contractual agreements for the project
Power Metal Resources highlights period of intense activity, in commentary to interim results
The company is undertaking exploration at Kisinka and Haneti
Proactive weekly mining highlights: Savannah Resources, AfriTin Mining, Bushveld Minerals
There was a steady stream of news from London's small cap miners this week
Investments and investor services
Power Metal Resources investee Katoro Gold completes oversubscribed fundraising
The company also noted that Katoro intends to execute an exploration drill program over existing targets at its Haneti polymetallic project in Tanzania
Power Metal to speed up efforts in Victoria Goldfields as interest in region mounts
The joint venture will consider acquiring granted licences where immediate ground exploration is possible
Broker SI Capital highlights potential of Power Metal Resources joint venture in Australia
Power Metal Resources is run by an experienced and entrepreneurial team
Power Metal Resources and Red Rock aim to double footprint in Central Victoria Goldfields
The joint venture has secured one of the largest strategic footprints in one of the most sought-after gold exploration territories, highlights Power Metal's Paul Johnson