6th Oct 2023 10:38
Power Metal Resources PLC - Africa, Australia and North America-focused metals exploration and development company - Identifies high-priority drill targets at the Molopo Farms Complex in Botswana following geophysical analysis. Says target area T1-14 showed the highest potential due to the strength of the super conductor originally identified in the surveys. Says one of the targets has the potential to host massive sulphide mineralisation and has been deemed a high priority exploration target. Adds it is currently working with consultants to implement a drilling programme at T1-14.
Chief Executive Officer Sean Wade says: "The work focussed on target area T1-14 has delivered a superior database and is now the highest priority conductor target, based on all the evidence we have gathered thus far. We are particularly excited by this development and look forward to updating the market in due course with drilling plans for this target.
"This exploration work, which is currently focussed on target area T1-14, is being conducted in parallel with our ongoing engagement with third parties with regard to commercial avenues for Molopo Farms as previously highlighted."
Current share price: 0.68 pence, up 5.2% in London on Friday morning
12-month change: down 56%
By Sabrina Penty, Alliance News reporter
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