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#BRES Blencowe Resources – Airborne EM Program Commences at Akelikongo Nickel Project

Highlights

·    Blencowe commences exploration program at synergistic nickel sulphide project

·    Substantial 3,200-line kilometres of survey to be conducted

·    Partnering with highly regarded Airborne survey firm in SkyTEM Aps

·    Targeting increased definition of several targets identified in project data review

Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES) is pleased to announce the commencement of an Airborne Electro-Magnetic (AEM) survey over leases associated with the Akelikongo Nickel Project in Uganda. As part of the farm-in arrangements for this highly prospective asset, Blencowe has commissioned SkyTEM Surveys Aps to undertake High Definition AEM over several prospective areas on the leases. The program will consist of approximately 3,200-line kilometres of survey to be flown by helicopter on a 200m spacing. The survey will add significant additional information to assist the company in targeting both extensions to the existing defined mineralised lenses and better define targets identified by the Company in view of the previous work undertaken in the region.

SkyTEM Surveys Aps has undertaken many similar projects in Africa and worldwide and this extensive experience is being leveraged by Blencowe to progress the project. The survey program is expected to run for 2 weeks.

 

Cameron Pearce, Executive Chairman commented;

“We are delighted to commence work on the Akelikongo nickel project so soon after picking up this asset in the first quarter 2022.  We are well aware of the increasing demand for nickel both now and forecast ahead.  Nickel is a key input metal to lithium-ion batteries and as a result it will likely remain in high demand for a long period ahead, and the current exceptional prices for nickel reflect that demand, as well as potential shortages that might emerge as a result of Russia, one of the worlds’ largest nickel producers, involved in a protracted war and resultant sanctions.

 

Our task at Akelikongo is to expand on the good work initially delivered by SIPA and Rio Tinto in order to broaden the mineralised zone.  This AEM work being conducted will highlight further areas of interest that our experienced team of geologists will then consider for a further drilling program expected in 3Q 2022.”

 

For further information please contact:

 

  Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

info@blencoweresourcesplc.com

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

sasha@flowcomms.com

 

Tavira Securities

Jonathan Evans

Tel: +44 (0)20 7100 5100

jonathan.evans@tavirasecurities.com

 

First Equity Limited

Jason Robertson

Tel: +44(0)20 7330 1833

jasonrobertson@firstequitylimited.com

#MNRG MetalNRG – Annual Report and Notice of AGM

MetalNRG plc (LON:MNRG), the natural resources and energy investment company, announces that, further to the announcement of final results for the year ended 31 December 2021, published on 29 April 2022, (“Final Results”), the Company’s Annual Report and Financial Statements has been published and is available on the Company’s websitewww.metalnrg.com. The Financial Statements for the year ended 31 December 2021 contained in the Annual Report contain no material changes to the Final Results.

MetalNRG’s Annual General Meeting (“AGM”) will be held at 1 Ely Place, London EC12N 6RY at 9.00 am on Monday, 20 June 2022. 

The Notice of AGM, together with the Proxy Form, has been posted to Shareholders and is also available on the Company’s website: www.metalnrg.com.  Full details of the operation and arrangements for the AGM are set out in the Notice of AGM.

Given the continued presence of Covid-19 and the rate at which the virus and new mutations can spread, shareholders should be aware that arrangements for the AGM may change at short notice.  Any relevant updates regarding the AGM will be made as early as possible before the date of the AGM via the Company’s website:  www.metalnrg.com or via a regulatory announcement.

All voting at the resolutions at the AGM will be conducted on a poll which means that shareholders should submit their Proxy Forms by email to info@metalnrg.com or by post to the Company Secretary, City Group PLC, as soon as possible.

We ask that all questions which shareholders wish to raise at the AGM be submitted to info@metalnrg.com in advance.

We additionally ask anyone wishing to attend the meeting to inform the Company Secretary by email at mail@city-group.com of their attendance so that appropriate arrangements can be made.

Pursuant to Disclosure Guidance and Transparency Rules, a copy of the Annual Report and Financial Statements for the year ended 31 December 2021 has already been submitted to the National Storage Mechanism and a copy of the AGM circular and Notice of AGM will be submitted and available shortly for inspection at:

http:/data.fca.org/#nsm/nationalstoragemechanism

The Final Results announcement is also available on the Company’s website www.metalnrg.com and by writing to the Company Secretary, City Group PLC, at 1 Ely Place, London  EC1N 6RY.

 

 

 

For further information, please contact:

 MetalNRG PLC:

Rolf Gerritsen

+44 (0) 207 796 9060

Christopher Latilla-Campbell

+44 (0) 207 796 9060

Peterhouse Capital Limited – Joint Broker:

Lucy Williams

+ 44 (0) 207 469 0930

Duncan Vasey

+ 44 (0) 207 469 0930

S I Capital Limited – Joint Broker:

Nick Emerson

+44 (0) 1483 413500

 

#POW Power Metal Resources – First Development Resources – Selta Project Update

Power Metal Resources plc (LON:POW),  the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, provides an update to shareholders in respect of the Selta Project (“Selta” or the “Project”).

Selta is 100% owned by Power Metal’s 82.78% owned subsidiary First Development Resources Limited (“FDR”).

FDR is planning to list on the London capital markets in Q3 2022 (the “IPO”) and is focussed on district-scale exploration opportunities in Australia.

Paul Johnson Chief Executive Officer of Power Metal Resources plc commented:

“Some 70km south-east of the Selta Project lies Nolans Bore, a significant rare-earth element deposit held by ASX listed Arafura Resources Limited. We secured the Selta Project with a view, in part, to investigating the rare-earth element potential of Selta and its considerable 1,575km2 licence footprint.

It’s too early to be definitive, though our findings on rare-earth element prospectivity have been encouraging, and today have moved forward considerably.

This is exciting for us as we make plans to demonstrate the potential of Selta through disciplined and intensive exploration. The work we outline below demonstrates the importance of extremely valuable desktop work where, for very little cost, creative explorers can often access the findings of work undertaken and funded by others historically.” 

Tristan Pottas Chief Executive Officer of First Development Resources Ltd commented:

“Our work has identified compositionally similar granites over both the Nolan’s Bore deposit and the Selta Project. The stream sediment sample results we have outlined below, and which cover the southern target in the map provided, are extremely high which could mean the granites over Selta are also enriched in rare-earth elements. 

We are continuing to build our information database, and to date the in-country team and our technical advisors in the UK have been doing some incredible work that we believe has added considerable value to the Selta Project.”

 

BACKGROUND

Prospectivity for Uranium and Rare Earth Elements Confirmed Previously

The recently completed in-depth review (the “Review”) of all publicly available geological, geophysical and geochemical data for the Selta Project in Australia’s Northern Territory originally identified four uranium (“U”) and three rare-earth element (“REE”) targets within the Selta Project area, as well as the potential for lithium, gold and base-metal mineralisation.

The 16 March 2022 announcement in respect of this in-depth review may be viewed below through the following link:

https://www.londonstockexchange.com/news-article/POW/selta-project-multiple-target-areas-identified/15371081

New and Refined Prospectivity for REE’s Through Follow-on Work

Further desktop work has since been completed and an additional data set has been identified which has enabled FDR to: 1) delineate an additional REE target; 2) materially increase the prospectivity of the original three REE target areas; and 3) further refine the location and shape of the original three REE target areas at Selta.

The targets delineated are shown in the map linked below on the Company’s website:

 https://www.powermetalresources.com/fdr-crossland-data/

 

NEW HIGHLIGHTS

· Historical stream sediment sample results within the Selta Project area collected by Crossland Uranium1 between 2014-2016 has enabled FDR’s geology team to delineate an additional REE target area at Selta – resulting in four prime target areas for REEs that materially boost the overall exploration potential.

· The Crossland data set includes several high-magnitude REE-in-steam results from all target areas, which has not only increased the overall prospectivity of the four targets but allowed FDR to further refine the shape and location of said targets.

· The Crossland data set combined with the previously completed Selta desktop review will enable a focussed approach to the next phase of exploration which will comprise a site visit to reconcile observations with historical data and identify preliminary targets for further investigation.

CROSSLAND URANIUM STREAM SEDIMENT DATA

Overall, the FDR geology team analysed two separate datasets of Crossland stream sediment samples which included 103 stream sediment samples in total within the Selta Project which were analysed for 15 (out of 17) REEs including:  cerium (Ce), dysprosium (Dy), erbium (Er), europium (EU), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), samarium (Sm). terbium (Tb), thulium (Tm), yttrium (Y) and ytterbium (Yb). Sample analysis was completed by Genalysis Laboratory Services. The total of these 15 rare-earth element assays combined is referred to as the Total Rare-Earth Element (“TREE”). The results are summarised below:

Twelve samples were found to be highly anomalous (> 3800 ppm TREE – >90th percentile) for TREEs, of which eight samples were found to be extremely anomalous for TREEs (>7,000 ppm). Of the twelve highly anomalous samples, seven were also found to be anomalous for neodymium (>2217 ppm Nd) and  praseodymium (>557 ppm Pr). These results illustrate significant local elevations of critical REEs.

Other elements of note that returned anomalous results include:

· 5 samples had anomalous Zirconium >7,440 ppm with a peak result in one sample of 20,892 ppm .

· 8 samples had anomalous Thorium >1,215 ppm with a peak result in one sample of 3,213 ppm.

· 9 samples had anomalous Uranium >118 ppm with a peak result in one sample of 136 ppm.

· 6 samples had anomalous Tungsten >62 ppm with a peak result in one sample of 189 ppm.

· 4 samples had anomalous Phosphorus (> 1,100 ppm), up to 6,500 ppm in one sample.

Note: Lithium was not assayed for in the stream sediment samples .

These results, combined with the high TREE values listed above – including one sample of up to 16,743 ppm (1.6% TREE) – are suggestive of potentially strong bedrock REE mineralisation upstream of the sample sites.

 

SELTA PROJECT- PROXIMAL TO WORLD-CLASS REE DEPOSIT

The Selta Project borders Prodigy Gold NL (ASX:PRX), IGO Ltd (ASX: IGO) and Canadian listed Megawatt Lithium and Battery Metals Corp (CSE: MEGA); and is approximately 70 km northwest of Arafura Resources Limited (ASX: ARU) (“Arafura Resources”) high-grade, world-class Nolans Bore REE deposit.

The Nolans Bore REE-phosphate-uranium-thorium deposit is one of the largest of its kind globally with a JORC (2012) compliant Mineral Resource of 56 million tonnes at an average grade of 2.6% total rare-earth oxides and 11% phosphate (P2O5).2

Commercial production at the Nolans Bore REE deposit is targeted for late 2024, with the Feasibility Study considering a 4,440 tonne per annum Nd-Pr oxide producing open pit mining operation with a 38 year mine-life and an NPV8% of US$1.011B.3

Arafura Resources was recently awarded a grant for up to AU$30 million to contribute to the construction of their rare earths separation facility which is expected to cost in the region of AU$90.8 million. The grant was allocated from the Federal Government’s AU$1.3 billion Modern Manufacturing Initiative which has been established with the aim of developing Australia as a regional resources technology and critical minerals processing hub within 10 years.4

Arafura Resources recently announced it has signed a non-binding memorandum of understanding (MoU) with one of the world’s most progressive automotive groups, South-Korean based Hyundai Motor Company. The MoU provides a framework for the parties to negotiate a binding offtake agreement for the supply of up to approximately 1,000 – 1,500 tonnes per annum of Nd-Pr Oxide from the Nolans Project to commence in 2025 for a seven year term on a cost, insurance and freight basis.5

The underlying geology within the Selta Project is interpreted by FDR’s geological team to be comparable to the Nolans Bore deposit. Notably, REE and uranium mineralisation at Nolan’s Bore is hosted within G6 granites which are postulated to be compositionally similar to the G5 granite prevalent across the Selta Project. Furthermore, preliminary statistical analysis was carried out on the Crossland stream samples, and a strong statistical correlation was noted between REEs, uranium, thorium and phosphorous within the dataset. This relationship suggests pegmatite hosted REE mineralisation may be the source of the stream sediment anomalies. 

 

FDR EXPLORATION INTERESTS

FDR Australia holds the following exploration licence interests:

Wallal Project  (Wallal Main-E45/5816 –  390km 2  – granted), (Wallal West 1-E45/5853 96km 2  – granted) and (Wallal West 2 – E45/5880 – 86km 2  – granted).

A comprehensive geophysical review has identified three magnetic bullseye anomalies located under Phanerozoic sedimentary cover which are interpreted to have possible geological similarities major Au-Cu deposits within the Paterson Province including Winu (Rio Tinto) and Havieron (Newcrest Mining-Greatland Gold joint venture).

Braeside West Project  (E45/5854 –  137km 2  – one granted licence)

In-depth desktop analysis of historic exploration data is currently underway on the Braeside West Project. A recent base-metal discovery by neighbouring company Rumble Resources Ltd (ASX:RTR) has enhanced the overall prospectively within the Braeside West Project area as it is hosted within a similar geological environment to that of Rumble Resources discovery.

Ripon Hills Project  (E45/5088 –  42km 2  – one granted licence).

The Ripon Hills Project is prospective for base-metal and gold mineralisation associated with deep-seated north-south oriented fault structures which run through the Ripon Hills Project area. In-depth desktop analysis of historic exploration data is currently underway over the project.

Selta Project (EL 32737, EL 32738, EL 32755 – 1,575km2-three granted licences)

The Selta Project is located in an area considered to be highly-prospective for uranium and rare earth element mineralisation. FDR recently completed an in-depth review of all geological, geophysical and geochemical data which also identified the potential for lithium, gold and base-metal mineralisation as well as the possibility of tin-tantalum-tungsten rich pegmatites.

The data disclosed in this announcement is derived from historical reports and historical sampling results. FDR has not undertaken any independent investigation of the sampling nor has it independently analysed the results of the historical exploration work in order to verify the results. FDR considers these historical sample results relevant as it will use this data as a guide to plan future exploration programmes. FRD’s future exploration work will include verification of the data through further analysis.

 

REFERENCES

1)  Crossland Nickel Pty Ltd – Report Number CR2016-0105. Available at: https://geoscience.nt.gov.au/gemis/ntgsjspui/simple-search?location=1%2F3&query=%22CR2016-0105%22&rpp=10&sort_by=score&order=desc

2)  Mineral Resources for the Nolans Bore Deposit as of June 2017 using a 1% TREO cut-off grade. Available at: Arafura – Nolans (arultd.com)

3)  Arafura Resources Limited 2015 & 2017 Annual Reports. Available at:

https://www.arultd.com/investor/asx-announcements-2021/asx-archive.html

4)  Arafura Resources Awarded AU$30M in new initiative funding. Available at: Arafura Resources Awarded A$30M In New Initiative Funding (theassay.com)

5)  Arafura Resources Limited ASX Announcement available at: Arafura and Hyundai motor Company sign non-binding MOU for neodymium and praseodymium offtake (asx.com.au)

 

GLOSSARY

Stream Sediment Sample – a sample collected from concentrated material within the bed of a stream, a widely used technique in early stage exploration.

Total Rare Earth Element (TREE) – The abundance of the fifteen lanthanides (Lanthanum, Cerium, Praseodymium, Neodymium, Promethium, Samarium, Europium, Gadolinium, Terbium, Dysprosium, Holmium, Erbium, Thulium, Ytterbium, Lutetium) plus Scandium and Yttrium. These elements are vital components for modern electronical and battery technology.

 

IPO AND LISTING PROCESS

FDR is seeking a listing on the London capital markets and is working with advisors in this regard and is targeting a listing on the London capital markets in Q3 2022.

 

COMPETENT PERSON STATEMENT

 

The technical information contained in this disclosure has been read and approved by Mr Nick O’Reilly (MSc, DIC, MIMMM, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Power Metal Resources PLC to provide technical support.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

 

 

For further information please visit  https://www.powermetalresources.com/  or contact:

Power Metal Resources plc

Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617

 

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

 

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

 

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

Tertiary Minerals #TYM – Pyramid Drilling Update

Tertiary Minerals plc (LON: TYM), the AIM traded mineral exploration and development company, whose strategic focus is on energy transition and precious metals, hereby announces results from the Company’s recent drill programme at the Pyramid Silver‑Gold Project in Nevada. In summary, drilling at the North Ruth target has not, to date, demonstrated significant mineralisation at depth.

Follow the link to view the announcement in full including Figure 1 here.

Highlights

  • A programme of soil and rock chip sampling and trenching was conducted in phases throughout 2021 which established wide intervals of significant silver and associated gold mineralisation at surface at North Ruth along a zone over 500 metres in length;
  • Additional trenches were excavated in February 2022, providing additional evidence for the surface extent of the mineralised zone;
  • Reverse circulation (RC) drilling, comprising 6 holes for a total of 1,050 metres (3,445 feet), was completed in early March 2022 in order to explore the potential continuation of this mineralisation at depth;
  • The drilling completed has not, however, returned favourable results and the continuity of mineralisation at depth has therefore not yet been established. The Company will now spend some time reviewing these results in more detail, while at the same time continuing its activities on its other exploration projects in Nevada and in Zambia.

Commenting today, Managing Director Patrick Cullen said:

“The surface sampling and trenching completed throughout 2021 and early 2022, as well as the presence of extensive historic underground workings in the area, confirmed North Ruth as a drill target that warranted drilling.

We executed a limited and cost-effective drill program, utilising RC, to determine if the mineralisation is present at depth but the results have been disappointing. A detailed analysis of the results will be needed before any further exploration is undertaken. Indications are that localised supergene enrichment of silver has resulted in the grades observed at surface.

In the meantime, progress has been made with permitting at our Brunton Pass Copper Project, also in Nevada, and we will recommence activities there soon. In addition, we have already begun field work on the Jacks Copper Project in Zambia and expect to commence drilling in late April or early May 2022.

For more information please contact

Tertiary Minerals plc:
Patrick Cullen, Managing Director +44 (0) 1625 838 679
SP Angel Corporate Finance LLP – Nominated Adviser and Broker
Richard Morrison +44 (0) 203 470 0470
Caroline Rowe
Peterhouse Capital Limited – Joint Broker
Lucy Williams + 44 (0) 207 469 0930
Duncan Vasey

 

Note to Editors

Tertiary Minerals plc (LON: TYM) is an AIM traded mineral exploration and development company whose strategic focus is on energy transition and precious metals. The Company’s projects are located in stable and democratic, geologically prospective, mining-friendly jurisdictions. Tertiary’s principal activities are the discovery and development of copper, gold and silver resources in Nevada and in Zambia.

Market Abuse Regulation

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’). Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.

Detailed Information

Background

The Pyramid Gold-Silver Project was established through a lease agreement, targeting epithermal gold and silver mineralisation at the northwest end of the prolific current and past producing Walker Lane Mineral Belt.

The Company conducted systematic exploration at Pyramid undertaking extensive soil sampling, rock-ship sampling, mapping, and three phases of trenching over soil anomalies between April 2021 and February 2022. At the North Ruth target, surface silver and gold mineralisation was demonstrated to extend over a strike extent of at least 530 metres, with a zone width of up to 59 metres and yielding up to 595 g/t silver (17.35 ounces/ton) and 0.66 g/t gold (Announcement dated 14 October 2021).

Drill Programme

Envirotech Drilling LLC (“Envirotech”) of Winnemucca, Nevada were contracted to conduct RC drilling and commenced on 8 March, operating on a 24-hour basis until completion on 13 March 2022. The program was designed to test continuity of mineralisation at depth and along strike at the North Ruth target and comprised 6 holes (NR-01 to 06) for a total of 3,445 feet (1,050 metres).

RC samples were collected on 5-foot (1.52 metre) intervals providing 689 samples. 39 Field duplicates were collected throughout sampling. Additionally, 41 certified reference materials (“CRMs”) and 40 blanks were inserted into the sample run. Significant drilling results are shown in Table 2. Upon completion of a drillhole International Directional Services (“IDS”) performed downhole surveys using a gyroscopic survey tool to record azimuth and dip deviation. Collar locations were surveyed by handheld GPS and where two collars are adjacent, their relative position estimated to nearest metre.

Figure 1 below shows the collar locations for the holes drilled, Table 1 lists the collar coordinates and drillhole azimuths and Table 2 the most significant results.

 

(This figure, along with the announcement in full, can be viewed here.)

 

Figure 1: Location of RC drill holes NR-01 to NR-06 relative to rock chip samples and trenches. Historic underground activities are also indicated.

 

DHID NAD83_11_X NAD83_11_Y MASL_Z EOH (M) COLLAR_AZI COLLAR_INC EOH_AZI EOH_INC
NR-01 273863 4415628 1352 152.4 218 -45 225 -55
NR-02 273864 4415629 1352 219.5 217 -55 227 -58
NR-03 273916 4415597 1347 193.5 223 -46 234 -56
NR-04 273918 4415594 1347 214.9 205 -45 213 -45
NR-05 274075 4415284 1394 121.9 045 -60 046 -64
NR-06 273991 4415322 1362 147.8 044 -55 044 -63

Table 1: RC collars, azimuths and inclinations

 

DHID From (ft) To (ft) Interval (ft) From (m) To (m) Interval (m) Au (ppm) Ag (ppm)
NR-05 195 200 5 59.4 61.0 1.5 0.697 81
NR-05 170 175 5 51.8 53.3 1.5 0.089 18
NR-06 240 245 5 73.2 74.7 1.5 0.003 18
NR-06 15 20 5 4.6 6.1 1.5 0.249 16
NR-06 25 30 5 7.6 9.1 1.5 0.088 16

Table 2: Significant1 silver drill intersections

Holes NR-01, NR-02, NR-03 and NR-04 were designed to intersect targets beneath the highest grade surface mineralisation in Trench 1, Trench 1 Ext and Trench 8. No significant intersections are noted. Minor intersections are noted in holes NR-05 and NR-06 which were drilled towards to the southern extent of the North Ruth target.

At this stage the discrepancy between surface and drill results in not explained and further evaluation is required. Faulting or surface enrichment are possible explanations.

Phase 3 Trenching

The Company also conducted a further, short program of trenching, comprising 3 trenches in February 2022 while drill pad and access construction was underway. Field observations and assay results continued to confirm the presence of mineralisation at surface and supported the plan to drill. The Samples collected from the trenches were prepared and analysed by Paragon using the same methods as previous phases3. Significant intersections are presented below.

Trench From (m) To (m) Interval (m) Ag (g/t) Au (g/t)
2b 42.67 46.63 3.96 20 0.30
14 3.05 9.14 6.09 18 0.09
14 13.41 17.37 3.96 41 0.33
14 61.57 64.62 3.05 16 0.29

 

Drill Sample Analysis and QA/QC

Drill samples were collected on-site by Paragon Geochemical (“Paragon”) and transported under chain of custody to their facility in Reno, Nevada for sample preparation and analysis. Samples were prepared using code PREP-PKG where samples were crushed to 70% passing 10 mesh (2000 micron) and 1 kilogramme riffle split and crushed to 85% passing 200mesh (74 micron).

RC material was sampled over continuous 5 foot (1.53 metre) intervals. Gold and silver were analysed by method Au-AA Ag-GR, a 30g fire assay with gravimetric finish for silver and an atomic absorption spectroscopy finish for gold. As routine, Paragon implemented internal QA/QC procedures which were reviewed by the Company and are considered acceptable.

The Company implemented its own QA/QC protocol which involved field insertion of greater than 5% blanks, greater than 5% field duplicates and greater than 5% CRMs. QA/QC samples were inserted blind and assigned the same continuous sample number sequence as original samples. Two different CRMs were used to access both high- and low‑grade material. A review of assay results from the Company’s QA/QC inserts were found to be acceptable.

 

Notes:

  1. ‘Significant’ is defined as a minimum 2 metres width of sample grading a minimum of 15 g/t silver or 0.25 g/t gold in trenching and surface sampling. A width of 1.52 metres (5 feet) is applied for RC drilling in Nevada which relates to the standard sampling width. Narrow lower grade material may be included where they are internal to the reported intervals. Reported thicknesses of drill intersections are thicknesses measured downhole and therefore cannot be considered true thickness.

 

  1. Units:         

Rock samples reported in g/t = grammes/tonne

1 g/t = 0.029167 ounce/ton (i.e. troy ounces/US ton)

1ppm = 1 g/tonne

1 (Troy) ounce =31.105 g

 

  1. Trench samples were collected by consulting Geologist Ivan Johnson as continuous chip samples over a maximum of 10 feet per sample. Samples were transported under chain of custody to Paragon Geochemical facilities in Reno, Nevada, for sample preparation. Samples were crushed to 85% passing 200mesh using method PREP-RMB. Gold was analysed by method Au-AA30 which comprises 30g fire assay with aqua regia digest/AAS finish. Multielement analysis (including Ag) was performed using method 33 MA-OES which comprised a 4-acid digest with ICP/OES finish. Ag overrange analysis was performed using method Ag-Gr50, a 30g fire assay with gravimetric finish. Paragon carries out duplicate, and standard and blank materials analysis as part of its internal QA/QC procedures. Grades reported above are weighted average grades of samples taken over varying widths from within the reported intervals.

 

  1. The information in this release has been reviewed by Mr. Patrick Cheetham (MIMMM, M.Aus.IMM), Executive Chairman of Tertiary Minerals plc, who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.

 

  1. The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

Alan Green covers a trading update from #MOON Moonpig, a new appointment by #ECR ECR Minerals and #BRES Blencowe Resources Jorc update on the Vox Market Podcast

Alan Green covers a trading update from #MOON Moonpig, a new appointment by #ECR ECR Minerals and #BRES Blencowe Resources Jorc update on the Vox Market Podcast

Listen here

#POW Power Metal Resources – Ditau Project – Rare-Earth Element Drill Targets

Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces a update for the Ditau Project (“Ditau” or the “Project”) located in southwestern Botswana.

The Ditau Project is held by Kanye Resources Pty Ltd (“Kanye Resources”), a Botswana joint venture company in which Power Metal and Kavango Resources plc (“Kavango”) (LON:KAV) each hold a 50% interest.

 

Ditau is targeting rare-earth element (“REE”) discoveries.  A diamond drill rig is now being mobilised to the first drill location and drilling is expected to commence within the next few weeks.

Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented:

“It is imperative for the world to find new sources of rare-earth elements in secure and stable mining jurisdictions. At Ditau, several years of preparatory work utilising modern remote sensing and various geophysical techniques have culminated in multiple high-priority exploration targets which we believe offer the potential for new discoveries of rare-earth element mineralisation within mining friendly Botswana.

For Power Metal and Kavango to jointly launch another drill programme in Botswana demonstrates our confidence in the geological prospectivity across our project interests in country, and we look forward to the progression of this important drilling programme at Ditau and its findings.”

 

HIGHLIGHTS

Kanye Resources has identified 12 airborne magnetic targets at Ditau of which 9 are clear ring structures that are believed to represent possible carbonatites that are considered by the Company to be prospective for rare-earth element mineralisation. Kanye is now commencing on a diamond drilling campaign which will include up to 6 deep drillholes (up to 2,400m estimated in total) targeting three of the highest priority targets identified to date:

–  The “i10” target, a discrete circular airborne magnetic anomaly of 2.2km diameter (a independent orientation study concluded that the magnetic source of the i10 target is not related to intrusive kimberlitic bodies)

–  The “i8” target, a larger ring like target of about 4km diameter, and

–  The “i1” target that may represent a large, 7km x 18.5km intrusive complex where structures have been identified which may be indicative of potential carbonatite intrusives.

Whilst the drilling campaign is primarily targeting REE mineralisation hosted within interpreted carbonatites or felsic intrusives, the geophysical targets could also be related to layered mafic intrusive systems, which are considered by the Company to be prospective for nickel, copper, and platinum group element (“PGE”) mineralisation.

The target depth horizons at all targets are less than 400m for each drillhole, and the estimated Kalahari sand cover is between 60m-120m thick based on estimates from the recently completed Audio-frequency Magnetotelluric (“AMT”) surveys at Ditau. The drill programme may be revised as it progresses. While the nominal targets are carbonatites, other mineralisation styles may also be intersected within the ring structures. The programme has been designed with this flexibility in mind.

The 12 airborne magnetic targets identified at Ditau are not known to have been tested for either REEs, base or precious metal mineralisation historically. Kanye has identified these structures, which range in size from 1km to 20km in diameter using geophysical techniques which are more advanced than that available to previous operators. Kanye has employed airborne magnetic, ground magnetic, gravity and AMT surveys at Ditau and the results from these surveys have allowed for precise drill targeting.

 

DITAU DRILLING RATIONALE

Carbonatites have the potential to host both rare-earth element and base-metal mineralisation. Carbonatites are often unique geologically and can show marked differences from one intrusive complex to the next. Notably they can form very large, world class mineral deposits highlighted by examples in the region (e.g.  the Palabora Cu deposit in South Africa) and around the world (e.g. Jacupiranga REE deposit in Brazil, and the Kovdor REE deposit in Russia).

In addition to primary REE mineralisation, Carbonatites are also known as a source of secondary REE mineralisation located within the supergene/weathering zone. Kanye believes that both primary and secondary mineralisation are legitimate target styles at the Ditau Project.

Carbonatites often occur in “swarms” or clusters, oriented along favourable and clearly defined geological trends. The 12 structures identified at Ditau occur along a southwest-northeast oriented regional corridor which further along strike hosts the Mabuasehube and Kokong kimberlite groups. Desktop analysis of regional geological data by Kanye’s geologists suggest that this trend is subparallel to corridors that host other kimberlite groups within Botswana and northwest Angola. Significantly, in both countries these trends are known to host both kimberlite and carbonatite intrusives.

In addition to the known presence of kimberlites and carbonatites within this geological trend, further supporting the possible presence of carbonatites at Ditau are a small cluster of carbonatite intrusives including KW2, definite, and KS12 & KS36 (the “Falconbridge Carbonatites”), located near to the Project. The Falconbridge Carbonatites were drilled by Falconbridge Exploration Botswana (Pty) Ltd in the late 1970’s-early 1980’s, to the immediate north and 30km along strike to the northeast of the Ditau Project.

Kanye Resources commissioned GeoResources Consultancy to conduct a reconnaissance soil sampling survey for kimberlite indicator minerals over the i10 target. The survey report concluded:

” The laboratory reported no kimberlitic grains picked from any of the (soil) samples. If the target were related to any intrusive kimberlitic body, the samples would have at least produced some kimberlitic indicator minerals since an optimum sample volume (60 litres) and sampling density was used in this programme. The cause of the magnetic anomaly is still to be established but is non kimberlitic.

The areas covered by the prospecting licence still has potential for the occurrence of kimberlite bodies. Some of the known kimberlite fields in Botswana, from the Orapa field in the north-east, through the Gope field, Kikao-Khutse field, Kokong field and down to the Tsabong field in the south-west corner of the country. These kimberlite fields form the north-east, south-west kimberlite intrusive corridor. The areas with the sampled magnetic targets fall within or close to the margins of this corridor. “

In addition, analysis of the gravity survey results by Kavango’s in-house team of geophysicists suggests the i10 target has a dense underlying body causing a high gravity anomaly. The coincidence of the gravity and magnetic anomalies strengthens Kanye’s view that this target could be prospective for either carbonatite or base or precious metal mineralisation

Additionally, the larger geophysical targets at the Ditau Project have a more complicated geophysical signature that may be caused by magmatic layered intrusive bodies. Layered mafic intrusives are known sources of base and precious metals within Botswana and worldwide. Kanye believes it is possible that the magnetic anomalies being drill tested have the potential to host ultramafic rocks, which could be prospective for magmatic nickel and precious metal mineralisation. Drill samples from the programme will be sent to the laboratory where they will undergo multi-element analysis.

As noted above, apart from recent exploration by Kanye, no known REE, base or precious metal exploration has been conducted within the Ditau Project. As a result, Kanye will be the first known company to drill test these exciting targets.

 

JOINT VENTURE STRUCTURE

The Ditau Project is held by Kanye Resources Pty Ltd, a Botswana joint venture company in which Power Metal and Kavango each company hold a 50% interest. Exploration costs are equally shared. Kavango is the operator.  Mindea Exploration and Drilling Services (Pty) has been contracted to conduct the drilling.

 

THE DITAU CAMP PROJECT

The Ditau Camp Project comprises two prospecting licences (“PLs”) (PL169/2012 & PL010/2019) that cover an area of 1,386km2. Detailed geophysical and geochemical analyses by Kanye has identified 12 ring structures within the two PLs. These ring structures have the potential to host REE-rich carbonatites.

Carbonatites are a principal global source of rare-earth elements including the much sought-after elements neodymium (Nd) and praseodymium (Pr) which are used in the manufacture of the new generation of electric vehicles (EVs), permanent magnets and other high-tech applications. Other elements/minerals known to be associated with carbonatites include niobium, phosphates, monazite, strontium, magnetite and copper.

Additionally, layered mafic intrusives have the potential to host base- and precious-metals as evidenced in the Molopo Farms Complex, Selebi-Phikwe and Tati Nickel projects in Botswana.

 

COMPETENT PERSON STATEMENT

The technical information contained in this disclosure has been read and approved by Mr Nick O’Reilly (MSc, DIC, MIMMM, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Power Metal Resources PLC to provide technical support.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc

Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

#KAV Kavango Resources – Ditau Drill Targets Confirmed

The Ditau Camp Project (“Ditau”) presents Kavango Resources plc (LSE:KAV) with an opportunity to enter into a new commodity space. Rare earth elements (“REEs”) are crucial to the green industrial revolution. Most of the world’s REEs are found in carbonatite “ring structures”.

Kavango has identified 12 geophysical structures/targets at Ditau, which the Company believes could be possible carbonatites and/or intrusive complexes that may host carbonatites. 9 of these are particularly well defined. Kavango is now commencing on a diamond drill campaign to test 3 of these targets, by drilling up to 2 holes in each (up to 2,400m estimated drilling in total):

–  The “i10” target, a discrete circular anomaly of 2.2km diameter

–  An independent orientation study concluded that the magnetic source of the i10 target is not related to intrusive kimberlitic bodies

–  The “i8” target, a slightly larger ring like target  of about 4km diameter, and

–  The “i1” target that may represent a possible large 7km x 18.5km magmatic intrusive complex, within which are circular structures indicative of potential carbonatite intrusives

–  Target depth horizon of less than 400m for each borehole

–  Kalahari sand cover 60m-120m over planned boreholes, based on results from Audio-frequency Magnetotelluric (“AMT”) surveys

–  The primary target(s) are REE mineralisation in possible carbonatites, or secondary REE deposits derived from the primary source (dependant on relative age of intrusion and/or erosional history)

–  Secondary target mineralisation style includes possible Nickel/Copper/Platinum Group Elements (“Ni/Cu/PGEs”), in layered mafic intrusives

–  Drill programme designed to be flexible to allow for possible revisions as it progresses

The 12 Ditau geophysical targets are not known to have been tested for either REEs or base/precious metal mineralisation. Kavango identified these structures, which range in size from 1km to 20km in diameter, using modern geophysical interpretative software which is considerably more powerful than that previously available. Kavango has used combined and integrated airborne magnetics, ground magnetics, gravity and AMT surveys in the exploration of the area and for drill targeting.

 

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“Over recent years, Kavango has completed detailed survey and interpretation work at Ditau. We’ve deployed some of the latest remote sensing technologies to create a series of comprehensive targeting models.

Diamond drilling will represent the culmination of this latest exploration campaign at Ditau. Our primary objective is to confirm whether one or more of the ring structures/intrusives we’ve identified are carbonatites with potential for rare earth elements, or mafic intrusives potentially hosting base/precious metals.

Drill testing the ring structure targets should be relatively straightforward. While the geophysical signatures are complex and varied, confirming the presence of carbonatite/mafic bodies would be the first step towards defining the potential for REE and base/precious metal mineralisation.

We will release more results from this in the coming weeks, as we progress through the drill campaign.”

 

Supporting rationale for drilling at Ditau

Apart from exploration by Kavango previously, no known REE or base metal exploration has been conducted in the Ditau area. This project is unexplored for these commodities and yet has several very positive indications that the appropriate geological systems could exist here.

Carbonatites can host both rare earth elements (“REE’s”) and base metal mineralisation. This is the primary target mineralisation model Kavango is pursuing at Ditau.

Carbonatites are often complicated geologically and show marked differences from one intrusive complex to the next. They can however form very large, world class mineral deposits exemplified by examples in the region (e.g. the Phalaborwa deposit in South Africa, and the Ngualla deposit in southern Tanzania) and around the world.

In addition to the primary mineralisation they are also known as a source of secondary REE deposits in the supergene/weathering zone. Kavango believes both primary and secondary mineralisation would be legitimate target styles in the Ditau project area.

Carbonatites often occur in “swarms” or clusters, oriented along favourable and clearly defined geological trends. The 12 Ditau geophysical structures occur along a southwest-northeast regional corridor, along the south-eastern edge of trend that hosts the Mabuasehube and Kokong kimberlite groups. Desktop analysis of regional data by Kavango’s geologists suggests this trend is parallel to other corridors that host other kimberlite groups in Botswana and northwest Angola. In the latter these trends are known to host both kimberlite and carbonatite intrusives.

In addition to the known presence of kimberlites within the “Ditau trend” (in numerous published reports and maps), and supporting the possible presence of carbonatites, are an as yet small cluster of carbonatite intrusives (KW2, definite, and KS12 & KS36 possible bodies) in the vicinity of the project (the “Falconbridge Carbonatites”). The Falconbridge Carbonatites were drilled by Falconbridge Exploration Botswana (Pty) Ltd in the late 1970’s-early 1980’s, to the immediate north and 30km along strike to the northeast of the Ditau project.

 

An independent report by GeoResources Consultancy, commissioned by the Company, tested the i10 target with reconnaissance indicator minerals soil sampling for kimberlites. This concluded:

” The laboratory reported no kimberlitic grains picked from any of the (soil) samples. If the target is related to any intrusive kimberlitic body, the samples would have at least produced some kimberlitic indicator minerals since an optimum sample volume (60 litres) and sampling density was used in this programme. The cause of the magnetic anomaly is still to be established but is non-kimberlitic.

The areas covered by the prospecting licence still has potential for the occurrence of kimberlite bodies. Figure 2** some of the known kimberlite fields in Botswana, from the Orapa field in the north-east, through the Gope field, Kikao-Khutse field, Kokong field and down to the Tsabong field in the south-west corner of the country. These kimberlite fields form the north-east, south-west kimberlite intrusive corridor. The areas with the sampled magnetic targets fall within or close to the margins of this corridor. “

In addition, analysis of the gravity survey results by Kavango’s in-house team of geophysicists suggests the i10 target includes a dense underlying body causing a high positive gravity anomaly. The coincidence of the gravity and magnetic anomalies strengthens the Company’s view that this target could be prospective for either carbonatite or base/precious metal mineralisation.

Meanwhile, the larger geophysical targets at Ditau have a more complicated signature that could be due to magmatic layered intrusive bodies.  Layered intrusives are known to contain base and precious metals. The Ditau area lies on the margins of the Molopo Farms Nickel Project, known to have nickel mineralisation in ultramafic rocks. Kavango believes it is possible these geophysical features could be ultramafic intrusives with the potential for nickel mineralisation.

 

The POW/KAV Joint Venture at Ditau

Ditau is held in a 50/50 Joint Venture (“Kanye Resources”) with Power Metal Resources plc (LSE:POW) (“Power Metal”). Kavango is the operator. Mindea Exploration and Drilling Services (Pty) (“Mindea”) will conduct the drilling.

**Figure 2 can be viewed in the Company’s media library by clicking the following link:

https://www.kavangoresources.com/media-library/news-release-media  

Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc   

Ben Turney

bturney@kavangoresources.com  

+46 7697 406 06

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

#KAV Kavango Resources – Provisional Offer to acquire KKME

Further to the announcement on 02 March 2022, Kavango Resources plc (LSE:KAV) announces it proposes to make an offer to acquire 100 per cent of the issued share capital of Kalahari Key Mineral Exploration Proprietary Ltd (“KKME”) (the “Provisional Offer”).

KKME has a 60% effective economic interest in the Molopo Farms Nickel Exploration Project, Botswana.

The Provisional Offer will replace the proposed deal terms outlined in the Work Programme Option announcement (announced 26 November 2021).

Subject to the Provisional Offer being accepted by the holders of at least 90 per cent of the shares in KKME, Kavango will publish a detailed exploration plan on Molopo Farms potentially including immediate diamond core drilling.

Further announcements will be made in due course.

 

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“This has been a complex transaction to close, dealing with a number of minority interests. A deal structure was agreed last week with eleven of KKME’s twelve participating shareholders.  Our new offer to KKME’s shareholders is straightforward and reflects those terms. Molopo Farms has significant potential and Kavango has the team on the ground to accelerate exploration here rapidly.  We have a drill rig ready to mobilise that we’ve waited long enough to deploy.”

For further information please contact:

Kavango Resources plc   

Ben Turney

bturney@kavangoresources.com  

+46 7697 406 06

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

#POW Power Metal Resources – Kalahari Key Botswana – Kavango Update

Power Metal Resources plc (LON:POW),  the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, notes the announcement made today by Kavango Resources plc (“Kavango”) with regard to its proposed acquisition of the majority of Kalahari Key Mineral Exploration Pty Limited (“Kalahari Key”). 

 

An extract from the Kavango announcement is provided below:

“Further to the announcement on 02 March 2022, Kavango Resources plc (LSE:KAV) announces it proposes to make an offer to acquire 100 per cent of the issued share capital of Kalahari Key Mineral Exploration Proprietary Ltd (“KKME”) (the “Provisional Offer”).

KKME has a 60% effective economic interest in the Molopo Farms Nickel Exploration Project, Botswana.

The Provisional Offer will replace the proposed deal terms outlined in the Work Programme Option announcement (announced 26 November 2021).

Subject to the Provisional Offer being accepted by the holders of at least 90 per cent of the shares in KKME, Kavango will publish a detailed exploration plan on Molopo Farms, potentially including immediate diamond core drilling.

Further announcements will be made in due course.”

 

Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:

“As previously stated Power Metal is supportive of Kavango’s interest in Kalahari Key and remains so today.  The Molopo Farms Complex Project has been notably successful, with nickel discovered in the first drill programme and it is time to get on with the job of exploration to take this project forward.

To be clear, whilst selling Power Metal’s shares in Kalahari Key should the above offer proceed, Power Metal would retain its separate 40% interest in the Molopo Farms Complex Project.”

 

Power Metal Resources plc

Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

#POW Power Metal Resources – USGS Releases 2022 List of Critical Minerals

Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio highlights the United States Geological Survey’s (“USGS”) 2022 List of Critical Minerals which was published on February 22, 2022. The full announcement can be found at the following link:


U.S. Geological Survey Releases 2022 List of Critical Minerals | U.S. Geological Survey (usgs.gov)

 

The Critical Minerals list is published every three years and is determined using modern scientific methods to evaluate mineral criticality. The new list that was recently published contains 50 non-fuel mineral or mineral material that that are considered essential to the economic or national security of the United States of America (“USA”) and which has a supply chain vulnerable to disruption. Additionally, critical minerals are characterized as serving an essential function in the manufacturing various critical products, the absence of which would have significant consequences for the economy or national security of the USA.

The notable changes from the 2018 list include the additional of nickel and zinc, as well as the removal of helium, potash, rhenium and strontium. Tungsten, lithium, cobalt, rare earth elements and platinum group metals all retained their inclusion in the 2022 Critical Minerals list.

Power Metal’s Exposure

–  Tungsten (W) was once again included on the USGS’s Critical Minerals list. The main uses can be viewed at the following link: Tungsten Statistics and Information | U.S. Geological Survey (usgs.gov). Power Metal, through its portfolio company Golden Metal Resources (“Golden Metal”) maintains significant exposure to the critical mineral through its 100% holding of the Pilot Mountain Project located in Nevada, USA. Pilot Mountain hosts a robust Mineral Resource Estimate (MRE) of 12.53Mt at 0.27% WO3 with significant silver, copper and zinc credits. Golden Metal is undertaking a planned listing on the London capital markets in 2022.

–  Power Metal also maintains significant global exploration exposure to several other metals on the Critical Minerals list including:

o  Lithium: Through its Authier North Property located in Quebec, Canada, as well as its Haneti Project located in Tanzania.

o  Rare Earth Elements (REEs): Through its Ditau Property located in Botswana, as well as its Selta Project located in the Northern Territory, Australia, held through its portfolio company, First Development Resources Limited.

o  Platinum Group Metals (PGMs): Through its Molopo Farms project located in Botswana.

o  Nickel: Through its Tati and Molopo Farms projects located in Botswana, as well as its Haneti Project located in Tanzania.

For further information and to view the new corporate presentation please visit the newly launched website at: https://www.goldenmetalresources.com

 

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc

Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

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