RNS Number : 3528K
Power Metal Resources PLC
04 May 2022
4 May 2022
Power Metal Resources PLC
("Power Metal" or the "Company")
Marketing and Communications Update
Power Metal Resources PLC (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announcesa marketing and communications update for shareholders.
UK Investor Show 2022
The Company will exhibit at this year's UK Investor Show which takes place on 21st May 2022 at the QEII Centre, London.
At this event, the Company's Chief Executive Officer Paul Johnson will also be delivering a presentation during a breakout session.
This event provides shareholders with the opportunity to engage with members of the team and also to pre-book a meeting with Power Metal CEO Paul Johnson, Golden Metal Resources CEO Oliver Friesen or First Development Resources CEO Tristan Pottas.
For further information please visit the following link on the Company's website:
https://www.powermetalresources.com/uk-investor-show-2022/
Telegram Investor Evening
The Company's Chief Executive Officer Paul Johnson together with
Golden Metal Resources CEO Oliver Friesen and also First Development Resources CEO Tristan Pottas
will be undertaking an Investor Q&A session at a Telegram Investor Evening today, 4th May 2022 (starting at 7.30pm). Investors wishing to attend this online event may register through the following link:
https://t.me/powermetalresources
Newsletter
Power Metal Resources has recently launched a newsletter to provide investors with up to date communications and a summary of recent news from the Company. Investors can sign up to receive copies of the newsletter through the following link:
https://www.powermetalresources.com/contact/
Commodity Reports
The Company has recently produced a commodity report on Uranium. This report can be downloaded from the Company website through the following link:
https://www.powermetalresources.com/reports/
Further reports on other commodities within the Company's exploration portfolio are under preparation and will be released in due course.
Corporate Presentation
The Company's corporate presentation is updated monthly and the latest version is available to view through the following link:
https://www.powermetalresources.com/presentation/
For further information please visit
https://www.powermetalresources.com/
or contact:
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Power Metal Resources plc
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Paul Johnson (Chief Executive Officer)
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+44 (0) 7766 465 617
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SP Angel Corporate Finance (Nomad and Joint Broker)
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Ewan Leggat/Charlie Bouverat
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+44 (0) 20 3470 0470
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SI Capital Limited (Joint Broker)
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Nick Emerson
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+44 (0) 1483 413 500
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First Equity Limited (Joint Broker)
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David Cockbill/Jason Robertson
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+44 (0) 20 7330 1883
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NOTES TO EDITORS
Power Metal Resources PLC - Background
Power Metal Resources PLC (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.
The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia.
Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.
Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.
Value generated through disposals will be deployed internally to drive the Company's growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.
Power Metal Exploration Programmes Underway/Results Awaited
Power Metal has exploration programmes completed or underway, with results awaited, as outlined below:
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Project
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Location
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POW %
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Work Completed or Underway
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Results Awaited
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Alamo Gold Project
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USA
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Earn-in to 75%
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Excavation of multiple test pits and mapping & sampling.
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Field and assay results from on-site work programme.
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Athabasca Uranium
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Canada
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100%
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Data compilation across uranium properties
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Interpretation results from all Properties complete. Next steps upcoming.
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Authier North Lithium
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Canada
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Earn-in to 100%
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Soil & rock sampling completed
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Technical Review of exploration results & define next exploration steps.
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Ditau Project
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Botswana
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50%
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Drill programme focused on key targets notably drilling of potential carbonatites and targeting rare-earth elements.
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Field updates and receipt & review of laboratory assay results.
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Kalahari Copper Belt
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Botswana
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50%
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Exploration programme underway across the South Ghanzi Project and further exploration at the more recently acquired South Ghanzi Extension and Mamuno licence areas
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Field programme findings and defined drill targets for near term drilling.
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Molopo Farms
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Botswana
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53%
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Review of recent exploration findings.
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Determine next exploration steps and action plan.
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Haneti Project
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Tanzania
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35%
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Diamond drill programme completed
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Receipt & review of laboratory assay results.
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Victoria Goldfields
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Australia
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49.9%
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Diamond drill programme underway
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Field updates and receipt & review of laboratory assay results.
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Paterson Projects
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Australia
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83.33%
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Wallal passive seismic and 2D seismic processing work programme completed.
Review of historical data and target generation for Ripon Hills & Braeside West projects.
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Findings from multiple work programmes including final approvals and preparations for planned deep diamond drilling.
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Selta Project
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Australia
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83.33%
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Field reconnaissance work complete, including mapping and sampling.
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Finalising data review from field programmes.
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