Australia Gold Joint Venture - Update
Two further licences granted with the JV now holding seven granted licences
Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company
is pleased to announce
an update in respect of
Red Rock Australasia Pty Ltd ("RRAL") a joint venture company with gold exploration interests near the historic mining centre of Ballarat in the Victoria Goldfields.
Power Metal has a 49.9% interest in RRAL, with Red Rock Resources plc ("Red Rock")(LON:RRR) holding a 50.1% interest.
Highlights:
· Following grant to RRAL of its first five gold exploration licences in Victoria, announced on 2 February 2021 and 17 March 2021, a further two licences have now been granted: