Power Metal Resources PLC Golden Metal Resources - Communications Update
15 Dezembro 2021 - 9:30AM
RNS Non-Regulatory
TIDMPOW
Power Metal Resources PLC
15 December 2021
15 December 2021
Power Metal Resources PLC
("Power Metal" or the "Company")
Golden Metal Resources - Communications Update
Power Metal Resources plc (LON:POW) the AIM listed metals
exploration and development company provides a communications
update for Golden Metal Resources Limited ("Golden Metal" or "GMT")
in which the Company has an 83.13% interest.
Golden Metal is a Nevada, USA, focused exploration and
development company and is undertaking a planned listing on the
London capital markets targeting April 2022.
Golden Metal recently raised GBP750,000 in Pre-IPO financing and
further information in respect of this is available through the
following link:
https://www.londonstockexchange.com/news-article/POW/golden-metal-resources-pre-ipo-financing/15244131
Launch of New Website and Corporate Presentation
With the progress made across the Golden Metal project portfolio
in recent months, and the various commercial developments including
the completion of the pre-IPO financing, Power Metal and Golden
Metal have been working on marketing and communications materials
as exemplified in the new website and corporate presentation
launched today.
The Golden Metal website is now available through the following
link:
https://www.goldenmetalresources.com
The Golden Metal corporate presentation may be accessed directly
through the following link:
https://www.goldenmetalresources.com/golden-metal-resources-presentation/
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 Results Awaited
or Underway
Alamo Gold USA Earn-in Excavation of multiple Field results from
Project to 75% test pits and mapping on-site work programme.
& sampling.
---------- ---------- -------------------------- -------------------------
Athabasca Canada 100% Phase I field exploration Laboratory assay
Uranium completed results of samples
collected for uranium
and REEs
---------- ---------- -------------------------- -------------------------
Authier North Canada Earn-in Soil & rock sampling Laboratory assay
Lithium to 100% completed results of samples
collected
---------- ---------- -------------------------- -------------------------
Ditau Project Botswana 50% Preparatory exploration Field programme
work underway on findings and defined
target I10 leading drill targets for
to planned accelerated near term drilling.
drilling targeting
rare-earth elements
and base metals
---------- ---------- -------------------------- -------------------------
Kalahari Copper Botswana 50% Exploration programme Field programme
Belt underway across findings and defined
the South Ghanzi drill targets for
Project and further near term drilling
exploration at
the more recently
acquired South
Ghanzi Extension
and Mamuno licence
areas
---------- ---------- -------------------------- -------------------------
Molopo Farms Botswana 53% Kavango Option Results from various
to acquire an interest work activities
in local project underway as part
holding company. of the Kavango
Option fee payable Option
through defined
work programme
---------- ---------- -------------------------- -------------------------
Tati Gold/Nickel Botswana 100% Reverse circulation Laboratory assay
drill programme results awaited
completed
---------- ---------- -------------------------- -------------------------
Victoria Goldfields Australia 49.9% Ongoing exploration Results from field
across 848km(2) programme including
of granted exploration drill programme
licences underway
---------- ---------- -------------------------- -------------------------
Wallal Gold/Copper Australia 83.33%(1) Passive seismic Results awaited
Project and 2D seismic
processing work
programme completed
---------- ---------- -------------------------- -------------------------
(1) assuming all licences held by URE Metals Pty Limited are
granted as outlined in the Company's announcement of 19.11.21
resulting in the issue of First Development Resources Ltd shares to
URE vendors.
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