Power Metal Resources PLC (AIM: POW, OTCQB: POWMF), has provided an update on its Block 8 exploration concession in Oman, following the renewal of the licence for a further year on 30 May 2025.
A maiden reconnaissance diamond core drilling programme is set to begin on 15 September 2025, with an initial plan to complete nine drill holes.
Recent exploration work included an updated gravimetry survey at the Al Mansur Prospect, which identified two strong anomalies, AM1 and AM2, each peaking at 0.56 milligal of contrast. Together, the anomalies outline around 700 metres of highly anomalous strike length, offering a compelling drill target.
This exploration activity forms part of Power Metal’s agreement to earn a 12.5% interest in the project, marking a significant step forward in advancing the Block 8 concession.
Highlights:
· Maiden reconnaissance diamond core drilling programme is scheduled to commence on 15 September 2025, with an initial 9 drill holes planned to test targets generated through Power Arabia’s exploration work.
· In-fill and extension gravimetry geophysics (“Gravity”) survey completed over Al Mansur Prospect.
· Updated Gravity survey defined two strong anomalies:
o AM1: The highest gravimetric anomaly peaking at 0.56 milligal (“mGal”) of contrast with a north south orientation that may be associated with possible massive sulphide mineralisation (the “AM1 Target”); and
o AM2: The second joint highest gravimetric anomaly with a similar peak of 0.56 mGal of contrast and a north south orientation that may be associated with possible massive sulphide mineralisation or may constitute an extension of AM1. AM2 is open on strike to the northeast.
· AM1 and AM2 combined provide close to 700 metres (“m”) of highly anomalous target strike length at Al Mansur.
Sean Wade, Chief Executive Officer of Power Metal Resources plc, commented:
“I am pleased to report on further progress at Power Arabia’s flagship project. The Gravity survey results have been encouraging, highlighting two highly anomalous targets, and I look forward to the commencement of the maiden drill programme, which will help enhance our understanding of the mineralisation whilst providing an initial indication of potential width, grade and strike related to these exciting anomalies.”
Alara Managing Director Atmavireshwar Sthapak said:
“We are pleased to report that exploration activities over Block 8 have now advanced to the critical target-testing phase through core drilling. The Al Mansur prospect, first identified in Alara’s 2012 exploration program and more recently refined through gravity surveys, has yielded several anomalous targets now ready for drilling.
Alara commends its partners at Power Metals for their strategic and effective exploration efforts and remains committed to advancing exploration in Block 8. Through planned investment alongside Power Metals, Alara also intends to increase its stake in the joint venture. We look forward to working closely with all our partners in the pursuit of new copper discoveries in Oman.”
