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Power Metal (POW)

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Friday 04 March, 2022

Power Metal

Notice of Annual General Meeting

RNS Number : 7618D
Power Metal Resources PLC
04 March 2022
 

4 March 2022

Power Metal Resources plc

("Power Metal" or the "Company")

Posting of Documents to Shareholders and Notice of Annual General Meeting

Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces that the Annual Report and Accounts for the year ended 30 September 2021 and Notice of Annual General Meeting were posted to shareholders today.

The Company's Annual General Meeting ("AGM") will take place at 10.00am on 30 March 2022 at Suite 24, Temple Chambers, 3-7 Temple Avenue, London, EC4Y ODT.  Documentation in respect of the AGM may be viewed on the Company's website through the following link:

 

https://www.powermetalresources.com/shareholder-circulars/

 

Note: Shareholders are advised that resolutions 3 & 4 relate to the shareholder approval required for the issue of options to Non-executive Directors Scott Richardson Brown and Edmund Shaw, further information in respect of which was provided in the Company's announcement of 4 June 2021 which may be viewed in the following link:

https://www.londonstockexchange.com/news-article/POW/company-option-pool-proposed-ned-option-award/15005369

 

For further information please visit  https://www.powermetalresources.com/   or contact:

Power Metal Resources plc


Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617



SP Angel Corporate Finance (Nomad and Joint Broker)


Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470



SI Capital Limited (Joint Broker)


Nick Emerson                                                                                                           

+44 (0) 1483 413 500



First Equity Limited (Joint Broker)


David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

 

NOTES TO EDITORS

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:

 

Project

Location

POW %

Work Completed or Underway

Results Awaited

 

 

 

 

 

Alamo Gold Project

USA

Earn-in to 75%

Excavation of multiple test pits and mapping & sampling.

Field and assay results from on-site work programme.

Athabasca Uranium

Canada

100%

Data compilation across uranium properties

Interpretation results from 5 of 7 properties.

Authier North Lithium

Canada

Earn-in to 100%

Soil & rock sampling completed

Interpretation of laboratory assay results of samples collected defining next exploration steps.

Ditau Project

Botswana

50%

Preparatory exploration work underway on target I10 leading to planned accelerated drilling targeting rare-earth elements and base metals

 

Field programme findings and defined drill targets for near term drilling.

Kalahari Copper Belt

Botswana

50%

Exploration programme underway across the South Ghanzi Project and further exploration at the more recently acquired South Ghanzi Extension and Mamuno licence areas

Field programme findings and defined drill targets for near term drilling.

Molopo Farms

Botswana

53%A

Kavango Option to acquire an interest in local project holding company.  Option fee payable through defined work programme

Results from various work activities underway as part of the Kavango Option.

Tati Gold/Nickel

Botswana

100%

Reverse circulation drill programme completed

Laboratory assay results awaited.

Haneti Project

Tanzania

35%

Diamond drill programme completed

Laboratory assay results awaited.

Selta Uranium Rare Earth Element Project

Australia

83.33%

Geological, geophysical and geochemical review across the project.

Findings of review including confirmation of key targets for next stage exploration.

Victoria Goldfields

Australia

49.9%

Diamond drill programme underway

 

Field updates and Laboratory assay results awaited.

Paterson Projects

Australia

83.33%

Wallal passive seismic and 2D seismic processing work programme completed.

Review of historical data and target generation for Ripon Hills & Braeside West projects

 

Findings from multiple work programmes including final approvals and preparations for planned deep diamond drilling.

A should Kavango exercise their option to acquire Kalahari Key, Power Metal interest would reduce to 40% of the Molopo Farms Complex project

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