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Power Metal Resources PLC - exploration company seeking metal discoveries in the US, Australia and Africa - Confirms that two licence applications in the Wallal project in Paterson, Australia have been granted, which are E45/5816 and E45/5880.
The first Wallal licence is host to two magnetic bullseye anomalies, while the second includes the third magnetic bullseye Western Anomaly.
"With the grant of licences announced today, one of our most exciting projects takes a great leap forward. Power Metal shareholders now have exposure to a major gold-copper exploration project in the Paterson region of Western Australia. We are seeking major gold-copper discoveries and I would ask investors to review our recent exploration update linked below, to see the potential the Wallal Project offers," says Chief Executive Officer Paul Johnson.
Current stock price: 2.03 pence
Year-to-date change: down 26%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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