Power Metal Resources plc is due to start the next stage of exploration to increase its interest in the Balthaga polymetal and minerals project, located mid-way between Riyadh and Jeddah in Saudi Arabia. DRILL TARGETS The 13 contiguous exploration licences, covering an aggregate 1,290 km2, are prospective for tin, tungsten, lithium, beryllium, molybdenum, niobium, tantalum […]
Tag: Power Metal Resources plc
Power identifies uranium targets at Reitenbach
Power Metal Resources plc’s uranium joint venture has identified three “high priority” targets for pegmatite and uranium mineralisation at the Reitenbach property in the Athabasca Basin, Saskatchewan, Canada. STRATEGY The portfolio of uranium licences is held under Fermi Exploration Ltd with 70% owner UCAM Ltd. Delineated from 2024-25 soil and radon sampling, the targets cover a […]
First Development completes Lander West survey
First Development Resources plc has completed a high-resolution aeromagnetic and radiometric geophysical survey over the Lander West gold target on the Selta project in the Northern Territory, Australia. DRILLING Results of the survey, which covered around 4,200-line kilometres, will help determine targets for drilling gold mineralisation, associated with “anomalous surface geochemical and historical shallow drilling […]
Power Metal nears restart of exploration at Tati
Power Metal Resources plc and option holder Tuscan Holding Pty have progressed the Tati gold project, containing the historical Cherished Hope mine, on the Tati Greenstone Belt near Francistown in Botswana. MINING The project comprises three licences of which one, PL049/2022, is under the option. If Tuscon exercises the option, Power Metal will retain a 25% […]
Power Metal buys more shares for treasury
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 […]
First Development to expand WA footprint
First Development Resources plc has applied for three new exploration licences in the Paterson Province of Western Australia. HERITAGE The licences, E45/7205, E45/7206 and E45/7207 are immediately to the east of the company’s existing Wallal licences. First Development said that the new sites cover ground previously held by Rio Tinto Exploration. The applications have yet […]