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Power Metal accelerates key exploration programme

30 June 2021
LON: POW
Rueben Hale
Close up of industrial worker holding mineral ore in gloved hands on mining site

Power Metal Resources has commenced its exploration of promising gold-nickel properties in Botswana’s Tati Greenstone Belt.

The company said due diligence work to date had demonstrated potential across several kilometre-scale arsenic, gold and nickel anomalies highlighting the Tati Project’s potential.

The ambitious large-scale metals explorer is well-positioned for a payoff in this “underexplored” region, securing rights to acquire 100 per cent interest in gold and nickel discoveries throughout the belt.

“We have been able to expedite the arrival of the ground team to the Tati Projects to undertake this key initial exploration programme with due dispatch,” chief executive Paul Johnson said.

“Further information will follow as we progress our work on these exciting prospects.”

Founded in London in 2011, Power Metal is listed on the Alternative Investment Market in London and focuses on the exploration and development of commodities for making batteries for electric vehicles such as nickel, copper and cobalt.

In recent years, it has broadened its exposure to include gold projects, giving the company a global portfolio that spans precious and base metal exploration in North America, Africa and Australia.

Power Metal is now commencing a systematic, infill and extensional, geochemical soil sampling programme which will include over 1,000 planned sample points.

The company will simultaneously complete outcrop rock sampling prospecting to follow up on the orogenic gold and magmatic nickel targets identified during the historic data compilation.

COMPANY OVERVIEW

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery. The Company has a global portfolio of project interests including gold exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage drill ready prospects. The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company’s position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.

COMPANY INFORMATION

LON: POW

Website

https://www.powermetalresources.com/
https://www.londonstockexchange.com/stock/POW/power-metal-resources-plc/company-page

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