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Business Summary: Power Metal Resources PLC is a United Kingdom-based metals exploration company which finances and manages global resource projects. The Company has a principal focus on opportunities offering district-scale potential across a global portfolio including precious, base, and strategic metal exploration in North America, Africa, and Australia. It is primarily involved in the exploration and exploitation of mineral resources in Australia, Botswana, Cameroon, the DRC, and Tanzania. Its explorations include Molopo Farms Complex Project, Tati Greenstone Belt Project, the Silver Peak Project and the Haneti Nickel Project. Its projects also include Athabasca Uranium, Authier North Lithium, Victoria Goldfields, Richards Lake Uranium Property and Selta Project. The Molopo Farms Complex Project is located in southwest Botswana covering an area of approximately 1,723 square kilometers (km2). The Company has 100% interest in three prospecting licenses which form the 91.14km2 Tati Gold Project.
Financial Summary: BRIEF: For the fiscal year ended 30 September 2023, Power Metal Resources PLC revenues increased from L37K to L78K. Net loss decreased 51% to L1.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Fair value gains through profit or loss increase from L309K to L1.6M (income), (Gain)/Loss on disposal decrease from L180K (expense) to L175K (income).