The original deadline date was 15 May, but this has been moved to 31 May due to approaches to Katoro from third parties over a partnership or farm-in.
This new date will give additional time to finalise a restructuring of the ownership of Haneti, said Power Metal.
Paul Johnson, Power Metal’s chief executive, added: “The Haneti Project is a substantial exploration project with multiple commodity targets across the land package and most notably the advanced nickel sulphide targets.
“It is no surprise to see interest in the project and it is very important for us to work with Katoro to ensure that the project ownership is appropriately structured.”
Published at Fri, 15 May 2020 14:47:00 +0000-Power Metal gets option extension at Haneti after third party approaches