Power Metal Resources PLC secures option to acquire two prospecting licences in Botswana
The option allows for a 60-business day due diligence period Power Metal Resources PLC (LON:POW) announced has secured an option to acquire two prospecting licences for gold and nickel and located upon the Tati Greenstone Belt, Botswana. The option allows for a 60-business day due diligence period and, should the miner exercise it, it will undertake the licence acquisitions through its newly formed 100% owned subsidiary Power Metal Resources Botswana. The vendor is Vital Commodities, owned by Guernsey-based Equity Drilling Limited. The Tati Greenstone Belt, located in the northeast of the co...
Source: proactiveinvestors.co.uk