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Share Price: 18.50

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IN BRIEF: Power Metal Sampling At Silver Peak Shows High Silver Levels

Tue, 22nd Sep 2020 20:22

Power Metal Resources PLC - metals exploration company with projects in North America, Australia, and Africa - Announces assays results from due diligence sampling programme at Silver Peak Project in British Columbia, Canada. Power Metal due diligence sampling confirms high silver levels on Victoria vein, one of two main veins located at the Silver Peak. Power Metal and Red Rock Resources PLC note they have received technical report at BMV gold project, Australia. Red Rock Chair Andrew Bell said completion is a "milestone".

Power Metal's current stock price: 1.212 pence, more than tripled in year-to-date.

Red Rock's current stock price: 0.85p, up 98% in year-to-date

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

More News

21 Feb 2024 14:29

Power Metal full-year revenue more than doubles; loss narrows

(Alliance News) - Power Metal Resources PLC on Wednesday reported that full-year revenue more than doubled, and its loss narrowed.

15 Feb 2024 16:02

TRADING UPDATES: Diversified Energy offers dividend alternative

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

15 Feb 2024 14:00

IN BRIEF: Katoro Gold names Power Metal CEO as new chair

Katoro Gold PLC - London-based gold and nickel exploration and development company - Proposes hiring Sean Wade, chief executive officer of Power Metal Resources PLC, as non-executive chair. Katoro and Power Metal are joint venture partners on the Haneti Project in central Tanzania. Wade previously served in various senior mining roles including at Berkeley Energia PLC, Pensana PLC and Asia Resource Minerals PLC, and "has worked on numerous transactions in the capital markets". Former Chair Louis Coetzee will remain as executive director after Wade's appointment until a new director is appointed. He will then leave the board and company, but serve as a consultant to Katoro until July 31.

7 Feb 2024 16:28

IN BRIEF: Power Metal celebrates start of drilling at Molopo Farms

Power Metal Resources PLC - exploration company focused on North America, Africa, and Australia - Confirms commencement of diamond drilling at Molopo Farms Complex Project in southwestern Botswana, where it is targeting a district-scale nickel and platinum group element discovery. Drilling targets a steeply-dipping high-priority conductor at target area T1-14 with depth of 700 to 800 metres. Company also recently completed ground audio-frequency magnetotelluric or AMT work at T1-14 and T1-9, aiming to further refine targeting at two locations along the multi-kilometre scale steeply-dipping conductor. Data allowed Power Metal to further refine targeting at T1-14 before starting drilling.

6 Feb 2024 17:35

TRADING UPDATES: Power Metal firms Tati gold; Union Jack inks deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

6 Feb 2024 16:34

Power Metal reports significant findings from Tati soil sampling

(Sharecast News) - Power Metal Resources updated the market on its wholly-owned Tati Gold Project on the Tati Greenstone Belt near Francistown, Botswana on Tuesday.

1 Feb 2024 11:15

Power Metal Resources raises GBP1.3 million via strategic financing

(Alliance News) - Power Metal Resources PLC on Thursday said that it has raised GBP1.3 million in strategic financing through the issue of 130.0 million new shares at 1 pence each.

31 Jan 2024 11:59

Power Metal Resources up as it mobilises for nickel drilling at Molobo

(Alliance News) - Shares in Power Metal Resources PLC jumped on Wednesday, after the company said it had contracted drillers for the "highest priority target" at its Botswana prospect.

12 Jan 2024 10:43

Power Metal Resources shares surge on Saudi exploration deal

(Sharecast News) - Shares in Power Metal Resources, the AIM-listed metals exploration company, jumped by over a tenth on Friday after it received a memorandum of understanding (MoU) to explore "high value-added investment opportunities" in Saudi Arabia.

12 Jan 2024 10:39

Power Metal Resources signs MoU with Saudi Arabian investment ministry

(Alliance News) - Power Metal Resources PLC on Friday said it signed a memorandum of understanding with the Ministry of Investment of Saudi Arabia.

12 Jan 2024 10:29

AIM WINNERS & LOSERS: Power Metal explores opportunities in Saudi

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

18 Dec 2023 18:33

EARNINGS AND TRADING: Goldplat profit tumbles despite revenue jump

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

14 Dec 2023 17:20

EARNINGS AND TRADING: abrdn Diversified Income to begin wind-down

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

14 Dec 2023 16:41

Power Metal preparing for drilling at Molopo Farms

(Sharecast News) - Power Metal Resources updated the market on its Molopo Farms Complex Project in southwestern Botswana on Thursday, where it was pursuing a district-scale discovery of nickel and platinum group elements (PGE).

6 Dec 2023 15:02

Power Metal preparing to drill test Molopo Farms target

(Sharecast News) - Power Metal Resources updated the market on its Molopo Farms Complex Project in southwestern Botswana on Wednesday, where it was aiming to make significant discoveries of nickel and platinum group elements (PGE) on a district scale.

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IN BRIEF: Power Metal Sampling At Silver Peak Shows High Silver Levels

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