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Katoro Gold PLC - Tanzania-focused gold and nickel explorer - Provides update on Haneti project, in which it holds 65% ownership while Power Metal Resources PLC owns the remaining 35%. Pre-drill rig mobilisation at Haneti now underway to finalise preparations for maiden drilling programme. Programme will target nickel sulphide and platinum group metals mineralisation. Technical team will shortly mobilise to the site to liaise with Tanzania's Ministry of Minerals, as well as regional and local government, and to prepare equipment. Team will arrange staffing for ground operations. Drill contractor availability confirmed with key objective being to mobilise the drilling rig and field team to the site as soon as possible, subject to Covid-19 restrictions.
Current stock price: Katoro 2.06 pence; Power Metal 1.08p
Year-to-date change: Katoro up from 0.93p; Power Metal up from 0.38p
By Anna Farley; annafarley@alliancenews.com
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