Power Metal Resources plc announced the start of ground reconnaisance at its gold-copper interests in the Wallal project in the Paterson Province, Western Australia. DRILL LOCATIONS The company’s assets are held through through First Development Resources Ltd (FDR). The Wallal project, comprising E45/5816, E45/5853 and E45/5880, is one of FDR’s three Paterson region projects. A reconnaissance team will survey and […]
Tag: Wallal project
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) after receiving the final copper-gold licence in the Paterson Region of Western Australia. WALLAL Earlier in 2021 the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. Following receipt today […]
Power Metal takes next step to Paterson acquisition
Power Metal Resources plc announced it had established a new UK private company for its pending acquisition of copper-gold interests in the eastern Pilbara region of Western Australia. PROJECTS The special acquisition vehicle, FDR UK, will acquire outright First Development Resources (Pty) Ltd (FDR Australia) in the Paterson Province, subject to conditions. The transaction covers […]
Power Metal agrees Paterson acquisition
Power Metal Resources plc has agreed to a 75% strategic interest in a UK special acquisition vehicle which will acquire outright copper-gold focused First Development Resources (Pty) Ltd (FDR Australia) in Western Australia. EXPLORATION VEHICLE FDR Australia’s interests lie in the Paterson Province in the eastern Pilbara region. In January 2021, Power Metal secured an […]