Power Metal Resources have released a business operational update for its global portfolio of sites, noting many now sit on “the cusp of potential discoveries.”
The London-listed company has set out key value drivers and the latest positioning regarding its spread of mining-friendly locations in Australia, Africa and North America.
“Whilst each project has individual qualities, many are targeting the discovery of large metal deposits with follow-on district-scale potential,” chief executive Paul Johnson said.
“The key drivers for our project acquisitions have been positioning and timing, taking strategic footholds before regional popularity strikes.
“As we have seen recently with our interests in the Kalahari Copper Belt Botswana, the Victoria Goldfields Australia and the Hemlo-Schreiber Greenstone Belt Canada, early positioning places the Power Metal business in an incredibly strong position.
“We have in the last year undertaken extensive exploration with some notable results including significant nickel sulphide intersections from drilling at Molopo Farms Complex Botswana and bonanza grade silver (up to 14,937 grams per tonne of silver) from channel sampling at Silver Peak Canada.”
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 has extensive exploration planned in 2021, including drilling across much of our portfolio. Alongside exploration, the company’s corporate work continues at pace, focusing on the spin-out and IPO activities for particular project interests.