Power Metal Resources PLC announced the successful completion of the drillhole DDH1-14C at its Molopo Farms Complex Project ("Molopo Farms"), where the Company is targeting a district-scale nickel and platinum group element ("PGE") discovery in southwestern Botswana. Diamond core drill hole DDH1-14C has completed to a final depth of 832.6 metres ("m"), with the successful intersection of the targeted steeply dipping geophysical superconductor at high priority Molopo Farms Target Area T1-14. Geophysical superconductor is interpreted to be a sulphide mineralised carbonaceous mudstone unit between 760.5 - 813m downhole depth and from 828.4m - 832.6m (end of hole) where it remains open at depth.

The mineralised carbonaceous mudstone contains abundant pyrrhotite-quartz-calcite veining and localised sulphide dominated veins of what appears to be pyrrhotite. Further mostly vein-hosted sulphides are present throughout the intervals including dominantly pyrite. With the drillhole complete, the in-country geological team will now select samples from the intervals for certified laboratory multielement and PGE assay testing, with the assay results expected in the coming months.