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Option Agreement - Botswana Gold-Nickel Properties
Company has Signed an Option Agreement to Acquire a 100% Interest in Two Gold - Nickel Prospecting Licences in the Tati Greenstone Belt, Botswana, with a down payment on drilling
Power Metal Resources PLC (LON:POW) the AIM listed metals exploration and development company is pleased to announce it has secured an option (the Option ) to acquire two prospecting licences ( PLs ) prospective 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 Power Metal exercise the Option, it will undertake the licence acquisitions through its newly formed 100% owned subsidiary Power Metal Resources Botswana (Pty) Limited ( Power Metal Botswana ).