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: RIWAQ Al Mawarid for Mining
Power Metal finishes initial Balthaga exploration
Power Metal Resources plc has completed initial field exploration on the Balthaga lithium project 450km east of Jeddah in the southeast of the Arabian Shield. GEOLOGY A total of 43 in-situ rock chip samples were taken from targets visited while new areas were identified during the seven-day programme over more than 1,200 km2. The programme is included in the […]
Power Metal signs Saudi Arabia earn-in
Power Metal Resources plc has signed a binding earn-in for 15 tenements, mainly prospective for lithium, in Saudi Arabia. JOINT VENTURE The deal is with Australian company EV Metals Group plc’s special purpose vehicle RIWAQ Al-Mawarid for Mining (RIWAQ). An option over RIWAQ was rejected in June 2023 by Critical Mineral Resources under its then […]
Caerus signs Saudi Arabia option
Caerus Mineral Resources plc has signed an exclusive option agreement to acquire EV Metals Group plc (EVM)’s 90%-owned metals and minerals subsidiary in Saudi Arabia. RIWAQ RIWAQ Al Mawarid for Mining is EVM’s special purpose vehicle focused on exploration, mining and processing of minerals and metals in Saudi Arabia. The subsidiary is developing a portfolio […]