Power Metal Resources Plc choose to earn in to a 40% interest in the Molopo Farms Complex

  • Dec 31, 2019 GMT
  • Team Kalkine
  Power Metal Resources Plc (LON: POW) has provided written confirmation to Kalahari Key Mineral Exploration Pty Limited that it has chosen to earn in to a 40 per cent interest in the Molopo Farms Complex.
  • The Molopo Farms Complex project is presently 100 per cent owned by Kalahari Key Mineral Exploration Pty Limited. In order of earn 40 per cent interest, the company will have to spend USD500,000 on project- related expenditure, which is fully covered by its existing cash resources.
  • On 31st December 2019, at the time of writing, GMT 08:01 AM, POW shares were trading at GBX 0.35, unchanged against the previous day closing price.

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