viewPower Metal Resources

Power Metal Resources all keyed up for drilling at Molopo Farms in Botswana

Power Metal Resources has a diverse portfolio of assets around the world

Power Metal Resources -

Drilling is one step closer on the Molopo Farms nickel and platinum group metals project in Botswana, in which Power Metal Resources PLC (LON:POW) has a significant stake alongside Kalahari Key Mineral Exploration Pty.

A drilling contract has been signed with the same contractors that were instrumental in discovering the T3 copper project now owned by Sandfire.

Power Metal currently has an 18.26% shareholding in Kalahari Key and has elected to earn in to a 40% direct interest in the Molopo Farms project by funding US$500,000 of exploration expenditure in 2020, notably the diamond drilling of selected targets.

On completion of the Earn-In, Power Metal will have an effective economic interest of 50.96% in the project.

The US$500,000 cost is fully funded and covered by Power Metal’s existing working capital.

Quick facts: Power Metal Resources

Price: 2.3 GBX

Market: AIM
Market Cap: £19.96 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Power Metal Resources named herein, including the promotion by the Company of Power Metal Resources in any Content on the Site, the Company...


Red Rock Resources submits new licence applications to explore Victoria...

Red Rock Resources PLC (LON:RRR) chairman Andrew Bell tells Proactive it has applied for new licences in the Victoria Goldfields of Queensland, Australia through its joint venture Red Rock Resources Australasia with Power Metal Resources PLC (LON:POW). Bell says the ground under application...

on 05/19/2020

2 min read