Power Metal Resources PLC said a team has been mobilised to the company’s Molopo Farms Complex in Botswana to carry out two geophysics surveys of the area, which has the potential to be a large-scale nickel-platinum group element project.
The idea is the work carried out by consultants Spectral Geophysics will allow its diamond drilling programme to be precision-targeted when it gets underway in the autumn.
The company’s own technical experts have compiled all project information into a data room to "underpin forward project development".
In a wide-ranging update, PM said final negotiations are underway with Botswana drill contractors for the aforementioned exploration drilling programme.
“The main next step is planned diamond drilling focused on discovering economic nickel sulphides and following up on the highly positive results from the drill programme completed in early 2021,” said chief executive Paul Johnson.
“To ensure we are optimising drill hole targeting, Spectral Geophysics have been engaged to conduct a geophysics programme, and whilst that continues we are making arrangements for the engagement of drill contractors.
“Molopo is a priority exploration Project for Power Metal and I look forward to providing further updates to the market on our operational progress and drill plans."
Drilling last year intersected nickel-sulphides with individual at grades of up to 1.69% nickel, including 0.55g/t platinum.