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“This region has seen considerable interest in recent years following the Havieron discovery" Power Metal Resources PLC (LON:POW) said an agreement has been reached for the acquisition of a 75% strategic interest in a UK special acquisition vehicle which is to acquire First Development Resources,  an Australian private company. FDR Australia holds a portfolio of copper-gold focused exploration interests in the Paterson Province in the eastern Pilbara Region of Western Australia. The acquisition of FDR Australia will not be undertaken until the Ripon Hills Project has been successfully tran...

IN BRIEF: Power Metal advances deal to further copper-gold exploration Wed, 28th Apr 2021 12:10 Power Metal Resources PLC - metal exploration and development company - Says an agreement has been reached for the acquisition of a 75% interest in a UK special acquisition vehicle which is to acquire outright First Development Resources Ltd. First Development Resources is an Australian private company with a portfolio of copper-gold focused exploration interests in the Paterson Province in the eastern Pilbara Region of Western Australia. Power Metal says the acquisition will not be undertaken unti...

28 April 2021 | 13:55pm StockMarketWire.com - Power Metal Resources has acquired a 75 per cent stake in First Development Resources, an Australian copper-gold miner. The private company holds a portfolio of exploration interests in the Paterson Province of Western Australia. The deal is contingent on several steps. This acquisition will not be undertaken until the Ripon Hills Project has successfully been transferred to First Development Resources and the company has been awarded an exploration licence. The 75 per cent stake will be held by a SPAC. Paul Johnson, CEO of Power Metal Resources,...

Investegate, Power Metal buys 75% stake in First Development by BFN News From InvestEgate

The huge mineralised upside of the Paterson Range moves into focus once more, as Greatland, Antipa and others swing into action Companies Follow Alastair on: The huge mineralised upside of the Paterson Range moves into focus once more, as Greatland, Antipa and others swing into action Could we be on the cusp of a new round of discoveries in the north of Western Australia? Joining Tiger in the fundraising were some impressive names, most notable among them Newcrest Mining (ASX:NCM) and IGO Ltd (ASX:IGO), currently capitalised at A$25bn and A$5.6bn respectively. Antipa is no slouch either, alth...