{"id":89763,"title":"Power Metal (POW.L)  Katoro Gold Update – Haneti Nickel Project","publisher":"Share Talk","author":"sharetalk","published":"2021-11-08T10:37:30+00:00","modified":"2021-11-08T10:37:30+00:00","canonical_url":"https://www.share-talk.com/power-metal-pow-l-katoro-gold-update-haneti-nickel-project/","markdown_url":"https://www.share-talk.com/power-metal-pow-l-katoro-gold-update-haneti-nickel-project.md","json_url":"https://www.share-talk.com/power-metal-pow-l-katoro-gold-update-haneti-nickel-project.json","category":"Mining","categories":["Mining"],"tags":["Australian","Botswana","British Columbia","Cameroon","canada","Canadian","Christian Schaffalitzky","Cobalt","Coco East","COPPER","Copperbelt","Democratic Republic of Congo","Democratic Republic of the Congo","Ditau Project","drilling","Exploration","Farms","Gold","Golden Metal Resources","group metals","Haneti","Haneti Project","helicopter","Jupiter Mines","KAT","Katoro Gold","KAV","Kavango Resources","Kenya","Kisinka","KKME","Lithium","Lubumbashi","Magical","McKellar","Molopo","Molopo Farms","Nevada","Nickel","Paul Johnson","pegmatite","Piedmont Lithium","platinum","PLL","POW","Power Metal","Power Metal Resources","Project","Québec","Red Rock Australasia","Red Rock Resources","RRR","Sayona Mining","Silver Peak Project","SYA","Tanzania","USA","Victoria","Victoria Goldfields"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&ssl=1","format":"news","language":"en-GB","content":"**Power Metal Resources PLC (LON:POW)** the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, draws investors’ attention to the announcement issued today by **Katoro Gold plc (LON: KAT)**(“Katoro Gold”)(“Katoro”).\n\nThe Katoro announcement may be viewed through the following link:\n\n[https://polaris.brighterir.com/public/katoro_gold/news/rns/story/wklg9dx](https://polaris.brighterir.com/public/katoro_gold/news/rns/story/wklg9dx)\n\n**Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:**\n\n“Power Metal is eager to see drilling commence at the Haneti Project targeting a large scale nickel and platinum group element (PGE) discovery. The Company is therefore pleased to see our partner Katoro Gold raise money for this purpose.\n\nWe look forward to further announcements with regard to the planned drill programme and are working with Katoro in this regard.”\n\n**POWER METAL – HOLDING IN KATORO**\n\nPower Metal Resources currently holds 10,000,000 Katoro shares and 10,000,000 warrants in Katoro Gold exercisable at 1.25p (2,500,000 warrants expiring on 15 March 2022 and 7,500,000 warrants expiring on 15 May 2022).\n\nPOW also has a direct 35% interest in the Haneti Project in Tanzania.\n\nFor further information please visit https://www.powermetalresources.com/ or contact:\n\n**Power Metal Resources plc**\n\n**Paul Johnson (Chief Executive Officer)**\n\n**+44 (0) 7766 465 617**\n\n**NOTES TO EDITORS**\n\nPower Metal Resources plc – Background\n\n**Power Metal Resources plc (LON:POW)** is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.\n\nThe Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia.\n\nProject interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.\n\nPower Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.\n\nValue generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.\n\n**Power Metal Exploration Programmes Underway/Results Awaited**\n\nPower Metal now has the following exploration completed with results awaited or exploration underway:\n\n– Silver Peak Project (Canada) – diamond drill programme completed targeting high-grade silver (laboratory assay results awaited)\n\n– Authier North Lithium Project(Canada) – soil & rock sampling completed (laboratory assay results awaited)\n\n– Athabasca Uranium (Canada) – Phase I exploration completed and field results positive, targeting uranium (laboratory assay testing of samples collected awaited)\n\n– Tati Gold/Nickel Project (Botswana) – reverse circulation drilling completed (field results, together laboratory assay results awaited)\n\n– Molopo Farms Complex (Botswana) – further samples being tested for nickel sulphide and platinum group elements (“PGEs”) from diamond drill programme completed (laboratory assay results awaited)\n\n– Ditau Project (Botswana) – preparatory exploration work underway on target I10 leading to planned accelerated drilling targeting rare earth elements and base metals\n\n– Kalahari Copper Belt (Botswana) – results from ongoing exploration across the South Ghanzi Project and further exploration at the more recently acquired South Ghanzi Extension and Mamuno licence areas"}