Power Metal Resources plc has raised £111,139 after receiving notices to exercise options by a former director. The exercise of options is over 11,113,929 new ordinary shares of 0.1 pence each in the company at an exercise price of 1.0 pence per new ordinary share.
Tag: metals and minerals
Cora Gold to start 2022 drill campaign at Sanankoro
Cora Gold Ltd announced it was due to start a new 2022 drill programme in March at its flagship Sanankoro gold project in southern Mali. PREPARATIONS The project comprises five contiguous permits encompassing 439 km2. Cora has appointed Capital Drilling Mali SARL as the drill contractor, which is mobilising to site to conduct circa 7,500m of reverse […]
Power Metal progresses Nevada projects
Power Metal Resources plc has progressed its tungsten-gold-copper-silver projects in Nevada, USA. PRIORITY Through its majority-owned subsidiary Golden Metal Resources Ltd, the company owns the Pilot Mountain, Golconda, Garfield and Stonewall projects. Golden Metal aims to be independently listed on the London markets during Q2 2022. Desktop analysis at Pilot Mountain has identified several high-priority tier 1 and tier 2 […]
Red Rock drill results exceed expectations at Luanshimba
Red Rock Resources plc said results from reverse circulation (RC) drilling exceeded its expectations at the Luanshimba copper-cobalt project in the Haut-Katanga Province, Democratic Republic of Congo. PROGRAMME The Luanshimba project is operated by Red Rock Galaxy SA , an 80% owned Congolese subsidiary of Red Rock. Three prospects now named as Kilembwe (18 holes), […]
Altus intersects significant gold zone at Lakanfla Central
Altus Strategies plc said it had intersected a significant gold zone from reverse circulation (RC) drilling at the Lakanfla Central prospect on the Lakanfla licence, western Mali. LAKANFLA Lakanfla is 5km east of the company’s Diba licence which hosts numerous gold prospects, including a shallow-dipping, near-surface gold deposit. The Diba & Lakanfla project (100%) covers […]
Power Metal nears grant of REE-uranium licences
Power Metal Resources plc said the grant of licences was imminent for its rare earth element-uranium Selta project in the Northern Territory, Australia. LICENCES Selta is held within URE Metals Pty Ltd, an Australian private company and wholly owned subsidiary of First Development Resources Ltd (FDR) in which Power Metal currently holds a 96.15% interest. Power Metal said that […]