Power Metal renews Botswana prospecting licences
London-listed exploration company Power Metal Resources has renewed key prospecting licences at the Molopo Farms Complex project, in south-western Botswana, for two years.
Renewal documentation has been received in respect of prospecting licence 310/2016 and prospecting licence 311/2016, with the latter covering the area where drilling was completed in 2021 from which significant nickel intersections were confirmed.
"The renewal of PL310/2016 and PL311/2016 represents an important milestone for the project, providing a further two years for ongoing exploration following the initial successful drilling campaign completed early in 2021," said Power Metal Resources CEO Paul Johnson.
The drilling campaign confirmed significant nickel intersections from the second hole drilled (KKME 1-6), including individual assay results up to 1.7% nickel, representing the highest nickel grade achieved from the Molopo Farms Complex to date.
Power Metal holds a 40% direct interest in the Molopo Farms Complex project and a 20.65% shareholding in Kalahari Key Mineral Exploration (KKME), which holds the remaining 60% interest. Kavango Resources currently has an option to acquire up to 85.2% of KKME, including Power Metal's shareholding.
"Kavango Resources is continuing its option due diligence work programme, and we are looking forward to the receipt of their findings in the coming weeks," said Johnson.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation