Broker31 Jan 2024 13:46
Power Metal Resources* (POW LN) 0.98p, Mkt cap £22m – Drilling begins at Molopo Farms Project, Botswana • Power Metal Resources provides an update on its Molopo Farms Complex Project in Botswana, targeting PGEs and nickel. • A priority drill target was generated from a geophysical conductor last year, encouraging further drilling. • The anomaly raises the potential of a strong, steeply dipping feeder zone. • Drilling contractors have now been mobilised to site, with drilling expected to start in the next few days. • Power Metals holds an 87.7% interest in Molopo Farms via a private Botswanan company. *SP Angel acts as Nomad and Broker for Power Metal Resources