Taken from todays RNS.11 Aug 2020 20:36
As a result, we are making final preparations in drill programme planning, and further refining the drill targets through the launch of the Audio Magneto-tellurics survey ("AMT") described below. We have also now established a dedicated US Dollar account covering the US$500,000 earn-in expenditure for the drilling programme.
To be clear the US$500,000 cost is fully covered by the existing financial resources of Power Metal. As at today's date the cash and listed investments held by the Company amounted to GBP1.65million or circa US$2.15million.
Implementation of the planned drill programme will be a significant event for Power Metal and KKME, as we will be targeting nickel sulphide targets of considerable scale. We are therefore switched and honing our focus on high impact project drilling."