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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.
Chief Executive Officer Paul Johnson says: ‘The Molopo Farms Complex project represents a substantial discovery opportunity, both in terms of size and potential, and I am thrilled to report the presence of the targeted nickel sulphides from the inaugural drillhole into target area T1-3, which is an immense target, the scale of which is clearly demonstrated within the figures below.
Current stock price: 1.42 pence, closing down 2.4% on Wednesday in London
12-month change: down 8.7%
By Xindi Wei, Alliance News reporter
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