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Power Metal Resources Plc has commenced a 1,600-meter core drilling campaign at its Molopo Farms Complex project in southwestern Botswana, shifting its exploration strategy to target the geological structures controlling the region’s massive igneous complex.
The London-listed exploration firm is aiming for a district-scale discovery of nickel and platinum group elements (PGE). Unlike prior historical campaigns at the site, the current drilling program is designed specifically to test targets located within the primary controlling structure of the complex and its associated feeder dykes.
News of the drill bit spinning follows a regulatory milestone for the project. Power Metal confirmed that Prospecting Licence 311/2016 has been successfully extended for two years by Botswana authorities, securing the company’s tenure over the asset until March 31, 2028.
“We remain completely committed to the Molopo Farms project and are optimistic that this campaign will build on the significant body of work that has already taken place there,” Chief Executive Officer Sean Wade said in a statement. “A district-scale discovery remains within our reach.”
The exploratory initiative is initially zeroing in on five high-interest geological and geophysical targets situated along the eastern feeder zone of the complex. To map out the drill sites, Power Metal utilized an array of advanced data sets, combining magnetic, audio-frequency magnetotelluric, and time-domain electromagnetic data alongside newly completed ground magnetic traverses.
Management indicated that the campaign will remain flexible, allowing the technical team to optimize and alter drill parameters in real time as fresh subsurface data is recovered.
Power Metal maintains a dominant footprint at the asset, holding an 87.71% stake in Kalahari Key Mineral Exploration, the local private entity that owns 100% of the Molopo Farms Complex project.
