Power Metal expands prospective lands in Botswana
London-listed Power Metal Resources has been granted a prospecting licence covering the historical Cherished Hope gold mine and a large gold-in-soil anomaly, within the Tati greenstone belt, in Botswana.
This has largely enhanced the company’s land position within the Tati greenstone belt, with highly prospective grounds having been added to the portfolio. 16 km2 licence is held by a wholly-owned subsidiary based in the country, Tati Greenstone Resources.
Power Metal Resources is a London listed resource company that has been exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution. The Board and team of advisors, who have proven expertise in African exploration, mining and project generation, see an opportunity to become a leading vehicle on the London market for investors to gain exposure to the battery metal commodity suite, particularly cobalt, lithium, copper and nickel. To this end, the Company has a diverse portfolio of projects across several jurisdictions.
Historical data
In joint venture with Red Rock, Power Metal Resources has recently applied for over 700 sq km of gold exploration licenses in the Victoria Goldfields near Ballarat in Australia. This would give the joint venture one of the largest positions in a fast-re-emerging gold province, including much prime acreage.
Power Metal is undertaking an in-depth review of all historical data on the new licence and will soon announce next exploration steps. The firm’s principal strategic objective is the discovery of large scale metal deposits, with a focus on Nickel, Lithium, Tungsten, Rare Earths, Platinum Group Metals (PGMs), Cobalt, Copper, Uranium, Gold and Silver. The Company have active projects in Australia, Botswana, Canada, The DRC, Tanzania and The USA.
POW aims to become a significant explorer, developer and ultimately miner of battery metals, including cobalt, lithium, copper and nickel. To this end, its strategy is to identify highly prospective opportunities at various stages of development in proven jurisdictions to acquire or farm into, that with investment and development have the potential to re-rate quickly and impact shareholder value. POW also aims to develop through its Australian joint venture a suite of high-potential interests in safe mining jurisdictions to balance the risk inherent in its African assets.
