Power Metal Resources PLC announced an update from its Molopo Farms Complex Project ("Molopo Farms" or the "Project" or "MFC") where the Company is targeting a district-scale nickel ("Ni") and platinum group element ("PGE") discovery in southwestern Botswana. In October 2023 Power Metal announced the identification of the highest priority drill target to date within a geophysical conductor identified at Molopo Farms and in December 2023 announced that the Company had advanced plans to drill test this significant target. The identified conductor is very strong, steeply dipping, multi-kilometre in length and importantly is co-incident with the keel of the feeder zone intrusion within target area T1-14.

Significantly, this conductor is geologically located where one would expect to find accumulations of significant nickel sulphides within a mafic/ultramafic complex, giving the Company further confidence in the provenance of this particular conductor.