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Pin to quick picksPower Metal Share News (POW)

Share Price Information for Power Metal (POW)

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Share Price: 15.25
Bid: 14.50
Ask: 16.00
Change: 0.00 (0.00%)
Spread: 1.50 (10.345%)
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Power Metal Finds Large Copper Anomaly At Kisinka Project In The DRC

Thu, 11th Jul 2019 16:35

(Alliance News) - Power Metal Resources PLC on Thursday said it has found a large copper anomaly as its Kisinka copper-cobalt project in the Democratic Republic of the Congo.

The anomaly finding is drawn from the final report on the Kisinka exploration programme.

Power Metal Chief Executive Paul Johnson said: "We have confirmed the presence and potential significance of copper mineralisation along the undifferentiated roan horizons within our license."

Undifferentiated roan, Johnson noted, hosts among "the world's largest and highest-grade sedimentary rock-hosted copper-cobalt deposits" within the DRC and Zambia copper belts.

Johnson commented that: "Given the substantial 6.8 kilometre length and size of the copper anomalous area and the presence of rocks from the important mineral-bearing roan 2 stratum in a license along strike, there are sufficient indications that the tenement may be host to a significant copper target to justify immediate further exploration.

"The company is considering its exploration options for the next stage and expects to begin a new exploration programme shortly."

Shares in Power Metal were up 4.4% at 0.60 pence on Thursday afternoon.

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22 Dec 2022 21:09

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15 Dec 2022 14:35

Power Metal Resources Wilan Project merger to form exploration company

(Alliance News) - Power Metal Resources PLC on Thursday announced a merger of its Wilan Project with a number of other Australian exploration interests.

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13 Dec 2022 20:38

TRADING UPDATES: Savannah Energy ends deal; Plaza signs addendum

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7 Dec 2022 18:03

IN BRIEF: Power Metal finds nickel sulphides at Molopo Farms

Power Metal Resources PLC - London-based exploration company with global operations - Notes a drilling update from the Molopo Farms Complex project, targeting a large-scale nickel and platinum group element discovery in southwestern Botswana. Says an initial review finds nickel sulphides at 327 metres at target area T1-3. Says grade of nickel can only be determined from assay testing. Adds that T1-6 samples from Molopo project undergoing assay testing.

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5 Dec 2022 14:33

Power Metal says fieldwork progresses; prepares subsidiary for listing

(Alliance News) - Power Metal Resources PLC on Monday said lithium-focussed phase two follow-up fieldwork is now underway at the Selta project in Northern Territory, Australia, while it prepares its responsible subsidiary for listing.

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2 Dec 2022 12:27

Power Metal anticipates commercialisation with high-grade results

(Alliance News) - Power Metal Resources PLC on Friday said it was pleased with phase one testing at its licences in Canada's Athabasca Basin, after test results delivered high-grade samples from Thibault Lake.

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25 Nov 2022 13:39

Power Metal acquires North Wind lithium project by staking

(Alliance News) - Power Metal Resources PLC on Friday announced the acquisition by staking of the North Wind lithium project in Ontario, Canada.

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18 Nov 2022 16:51

IN BRIEF: Power Metals ups stake in Kalahari Key to 88%

Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Completes transaction to increase interest in Kalahari Key Minteral Exploration Pty Ltd. Following completion, Power Metal now holds 88% interest in Kalahari Key. Kalahari Key holds 100% interest in Molopo Farms Complex project, southwestern Botswana. Power Metal therefore holds 88% interest in Molopo Farms project as well.

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7 Nov 2022 14:49

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

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4 Nov 2022 16:52

IN BRIEF: Power Metal Resources to sell uranium property in Canada

Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Announces the conditional disposal of its 100%-owned E-12 uranium property in Saskatchewan, Canada. Signs a property purchase agreement with Teathers Financial PLC to acquire ownership of the property, subject to its initial public offering in London to be completed by December 31. Consideration is payable in GBP250,000 of Teathers shares at issue price of 1.24 pence per share and the retention of a 2% net smelter return royalty over the property.

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3 Nov 2022 18:18

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

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28 Oct 2022 11:47

IN BRIEF: Power Metal gets regulatory approval for Kalahari purchase

Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Says it has now received all regulatory approvals for acquisition of an additional 59% interest in Kalahari Key Mineral Exploration Pty Ltd.

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