Power Metal Resources plc has received approval to start site drilling at the Wallal gold-copper project in the Paterson Province of Western Australia. HERITAGE CLEARANCE The company’s interests in projects in the area are held through its 62.12% subsidiary First Development Resources plc (FDR), which is due to be soon listed in the London capital markets. Wallal is one […]
Tag: Western Australia
Power Metal subsidiary develops Australia targets
Power Metal Resources plc said it was preparing for the most effective way to develop target areas in its gold, rare earth element (REE) and uranium projects in Australia. WALLAL-BRAESIDE WEST-RIPON HILLS The company owns 83.33% of local company First Development Resources Ltd (FDR), which plans to list on the London capital markets in Q3 2022. FDR recently completed a […]
Power Metal completes acquisition of FDR
Power Metal Resources plc has completed its 100% acquisition of First Development Resources Pty Ltd (FDR) which holds gold-copper interests in the Paterson Region of Western Australia. DRILLING The Paterson interests are held by First Development Resources Ltd (FDR) which now owns local Australian operating company First Development Resources Pty Ltd (FDR Australia). Power Metal has an 83.33% interest in FDR, with a […]
Cadence’s partner targets $100.7m for Yangibana
Cadence Minerals plc said that its joint venture partner had received commitments to raise $100.7 million for the Yangibana rare earth project in the Gascoyne region of Western Australia. PRODUCTION Hastings Technology Metals owns 70% and Cadence holds 30% of three mining leases and six exploration licences which form part of the project. Cadence has […]
Cadence returns positive rare earth indicators
Cadence Minerals plc said the latest drill results were positive indicators from the Simon’s Find deposit at the Yangibana rare earths joint venture in Gascoyne, Western Australia. ECONOMIC ZONE Partner Hastings Technology Metals returned a “major 2km long zone of economic mineralisation significantly expanding the existing resource base”. The area also contained “world-beating quantities” of […]