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Power Metal Resources PLC - London-based metals exploration company focused on North America, Africa and Australia - Says the preparations for its first managed and operated diamond drill programme at the Molopo Farms project in Botswana are progressing ‘at pace.’ Expects to announce the date for the start of drilling shortly. Plans to target the core of the conductor south of K1-6, with multiple drillholes planned of varying positions. Says precision drill hole targeting work at K1-6 is underway.
‘We are seeking commencement of drilling as soon as possible and making expedited final preparations for this,’ Chief Executive Paul Johnson comments.
‘As this work progresses, in parallel, we continue to engage with third parties that have expressed an interest in Molopo Farms and the high-impact exploration work we are undertaking.
‘As this work progresses, in parallel, we continue to engage with third parties that have expressed an interest in Molopo Farms and the high-impact exploration work we are undertaking. The level of interest in the project is notable, demonstrating we believe not only the project's geological potential, but also its geographic location, Botswana, which is a secure, supportive and positive operating environment for resource exploration and development.’
Current stock price: 1.65 pence, up 9.7% on Tuesday
12-month change: down 20%
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