Power Metal holds a 35% ownership interest in Haneti with 65% held by
As previously stated Haneti is a considerable opportunity in terms of size and geological potential. This significant drill programme will be focused principally on possible nickel sulphide and PGM targets within the 80km strike length of prospective ultramafic complex.
In addition to the potential nickel and PGM sulphides being targeted by the forthcoming drilling programme the 5,000km2
There is a clear appetite for large-scale nickel sulphide projects amongst large and mid-tier organisations at present, and therefore it makes commercial sense for the joint venture to focus initially on the nickel sulphide exploration opportunity. Later we expect to examine in further detail the other exploration opportunities, of which there are many, at the project.'
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
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Notes to Editors
The Company has a global portfolio of project interests including precious metals exploration in
The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company's position to become a leader in the
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