Power Metal Resources plc has further increased the number of shares held in its treasury, with the purchase of 102,997 ordinary shares of two pence each in the company. APPROVAL The 20 January transaction was at a price of 15.15p per ordinary share, and follows the acquisitions of 148,579 and 415,194 ordinary shares on 19 and 15 January, respectively, at […]
Tag: Block 8 – Hazm – northwestern Oman
Power Metal nears Oman copper earn-in target
Power Metal Resources plc has completed 10% of its 12.5% earn-in on the Block 8 copper exploration concession in northern Oman. TARGETS The company spent US$500,000 on work including rock chip sampling, mapping and in-fill gravimetric geophysics surveys focused on “high priority” prospects, Al Maider and Al Mansur. Power Metal said that both prospects had the […]
Power Metal survey defines anomalies at Block 8
Power Metal Resources plc has defined five named anomalies from gravimetry geophysical survey results and fieldwork over the Al Mansur prospect at Block 8 in the Hazm area, northwest Oman. TARGETS The company’s subsidiary Power Arabia is undertaking exploration work as part of an earn-in agreement for a 12.5% stake in the project held by Alara […]
Power Metal finds new copper locations in Oman
Power Metal Resources plc’s exploration fieldwork has returned “very significant” copper results at its proposed 12.5% earn-in on Block 8 in the Hazm area, northwest Oman. AL MAIDAR The concession is held by Australian-listed Alara Resources Ltd and Awtad Copper LLC. A review of historical technical, geophysical and geological data has pinpointed an initial five target areas on […]
Power Metal formalises Oman copper earn-in
Power Metal Resources plc has finalised the formal binding terms of a proposed earn-in on the Block 8 copper concession in the Hazm area of northwestern Oman. SAMPLING Agreed with Alara Resources Ltd and Awtad Copper LLC, the company’s subsidiary Power Metal Arabia will spend up to US$740,000 for a 12.5% stake. Work will involve stream and Wadi sampling with […]
Power Metal targets Oman copper earn-in
Power Metal Resources plc has signed a non-binding heads of terms to earn 12.5% in the Block 8 copper concession in the Hazm area of northwestern Oman. EXPLORATION The company and its majority owned subsidiary Power Arabia Ltd reached the deal with Australia-based Alara Resources Ltd and Awtad Copper LLC. Alara’s flagship mining project is the Al Wash-hi […]