REG - Power Metal Res. - Block 8 Oman: Drilling Programme Results

Power Metal ResourcesAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251215:nRSO4748La&default-theme=true

RNS Number : 4748L  Power Metal Resources PLC  15 December 2025

15 December 2025

Power Metal Resources PLC

("Power Metal" or the "Company")

Block 8 Oman: Drilling Programme Results

 

Power Metal Resources PLC (AIM: POW, OTCQB: POWMF), the London listed
exploration company and project incubator with a global project portfolio, and
its majority held subsidiary Power Arabia Ltd ("Power Arabia"), are pleased to
provide an update on the maiden drilling programme on the Block 8 concession
in Oman ("Block 8" or the "Project").

Highlights:

·   Maiden reconnaissance diamond core drilling programme completed in
October 2025, with eight drill holes for a total meterage of 724.45 metres
("m") drilled.

·   Identified lithological units, alteration, brecciation and
mineralisation consistent with copper-dominant (Cyprus-type) Volcanogenic
Massive Sulphide ("VMS")(1, 2).

·   All holes intersected prospective lithological units, including basalt
and andesite with associated carbonate, chlorite and epidote alteration.

·   Highlight downhole depth intercepts of:

·   1.04% Copper ("Cu") over 1.5m (hole AM25DD001 from 95.5-97m within
wider zone returning 0.52% Cu from 95.5-99.0m);

·   0.36% Cu over 1m (AM25DD001 from 72-73m, within a broader elevated Cu
zone from 68-77m);

·   0.35% Cu over 4m (AM25DD001 from 80-84m, with up to 0.56% Cu from
80-81m);

·   0.19% Cu over 4m (AM25DD002 from 85-89m);

·   Elevated Cu, lead ("Pb") and zinc ("Zn") results over 18 m (AM25DD003
from 35-53m, associated with a sulphide stockwork in a fault zone); and

·   1.1% Zn over 1m (AM25DD006 from 51-52m, plus elevated Cu and Zn from
51-58m).

Block 8 is the subject of an agreement for Power Metal to earn a 12.5% stake
in the Project held by ASX-listed Alara Resources Limited ("Alara") and Awtad
Copper LLC ("Awtad Copper"). The exploration work, led and undertaken by the
Power Arabia technical team, commenced in October 2024 following the signing
of a formal and legally binding agreement on 25 October 2024.(3, 4)

The drilling programme completes the initial 12.5% earn-in.

 

Sean Wade, Chief Executive Officer of Power Metal Resources PLC, commented:

"The results of the maiden drilling programme are very encouraging and confirm
our view that this is a prospective area that has been under-explored. The
completion of the programme marks the fulfilment of the agreed $740,000 spend
to earn a 12.5% stake in Block 8.

"I look forward to updating the market further as we move into the next phase
of workstreams with additional trenching and drilling programmes that will
enhance our understanding of the results and the mineralised intersects."

Atmavireshwar Sthapak, Managing Director of Alara Resources said:

"We are very encouraged by the results of this maiden drilling programme at
Block 8. The identification of VMS-style mineralisation, strong alteration
signatures and structural features across all drill holes confirms the
robustness of the geological model developed through the Power Metals
exploration work. These early results highlight the potential of Block 8 to
host Cyprus-type copper mineralisation, and they provide a solid foundation
for advancing the next phase of exploration.

We look forward to continuing our collaboration with Power Metal and Awtad
Copper as we build further momentum on this promising project."

Block 8

Block 8 is located approximately 130 kilometres ("km") west of Muscat in Oman
and encompasses a contiguous area of 497 km(2) (Figure 1). The concession
includes a section of the Semail Ophiolite that is prospective for
copper-dominant (Cyprus-type) VMS mineralisation. Power Arabia's exploration
activities have included spectral remote sensing, stream sediment, soil and
rock chip sampling, trenching and sampling, gravimetric surveying, petrography
and X-Ray Diffraction ("XRD") analysis.

 

Figure 1: Location of Block 8 Concession, Oman

Drilling programme

The initial drilling targets were mainly based on geological observations,
magnetic and gravimetric data, and trenching results. However, the locations
were ultimately adjusted in response to observations as the programme, which
contained eight holes totalling 724.45m, developed.

The drillhole locations and parameters are shown in Figure 2 and summarised in
Table 1 respectively.

 

Figure 2: Block 8 Drillhole Locations Relative to Gravimetric Geophysics
Results

Table 1: Block 8 Drillhole Summary

 Drillhole ID  Easting     Northing    Elevation (m)  Azimuth (deg)  Inclination  (deg)   Length (m)

               (UTM 40N)   (UTM 40N)
 AM25DD001     554,348     2,598,839   202.36         120            -50                  109.45
 AM25DD002     554,411     2,598,807   200.97         120            -50                  110
 AM25DD003     554,356     2,598,770   204            225            -50                  70.9
 AM25DD004     554,371     2,599,075   195.3          120            -50                  80
 AM25DD005     554,440     2,599,046   194.4          120            -50                  100
 AM25DD006     554,292     2,598,833   210            225            -50                  74
 AM25DD007     554,751     2,600,005   192            120            -50                  80
 AM25DD008     554,355     2,598,770   204            225            -65                  100
                                                                     TOTAL:               724.35

 

 

 

Drillhole observations

The drilling intersected a volcanic succession predominantly consisting of
intercalated andesite and basalt units. Andesite units ranged in thickness
from 0.12 to 11.1m (averaging 3.22m), and basalt units ranged in thickness
from 0.13 to 12.95m (averaging 2.0m). Some of the basalt units included
pillows, substantiating subaqueous deposition and favourable genetic
conditions for the formation of massive sulphide mineralisation.

Propylitic alteration, including carbonate, chlorite and epidote, was apparent
in almost all drillholes and particularly associated with basaltic units.

Faulting and brecciation were also common and evident in all drillholes.
Breccias ranged in thickness from 0.2 to 13.5m (averaging 3.82m) and some were
associated with alteration (silica, carbonate, chlorite, epidote and
hematite).

Significant sulphides, mainly pyrite, were intersected in six of the eight
drillholes. The pyrite occurred as disseminations, veinlets and in
semi-massive form (Figures 3-5).

Figure 3: Brecciated Semi-Massive Pyrite in Drill Core (AM25DD001 at 95.7m)

Figure 4: Brecciated and Colloform Pyrite in Drill Core (AM25DD001 from 95.5m)

Figure 5: Semi-massive Pyrite and Quartz Breccia/Stockwork Drill Core
(AM25DD003)

Pyrite mainly occurred within the andesite and basalt units and in the
presence of propylitic alteration, although some of the faults and breccias
also included pyrite disseminations and veinlets.

Drillhole sampling and results

A total of 156 half-core samples were cut using a diamond saw with 11 Quality
Assurance ("QA") samples distributed throughout the batch. All samples were
prepared and analysed by ALS Arabia Biyaq in Oman.

Drillhole AM25DD001 included up to 1.04% Cu over 1.5m (from 95.5-97m downhole
depth) corresponding to faulted dolerite within a wider zone returning 0.52%
Cu over 3.5m (from 95.5-99m). Other intersections included 0.36% Cu over 1m
(from 72-73m) and 0.35% Cu over 4m (from 80-84m). Half of the samples from the
drillhole (36 of 72) returned Cu values > 100 ppm Cu (the average abundance
for basalts(5)) and correspond to elevated iron z-scores (z-scores indicate
how many standard deviations a result is from the mean of a distribution and
is used to assess anomalous values).

Drillhole AM25DD002 included up to 0.19% Cu over 4m (from 85-89m downhole) in
basalt.

Drillhole AM25DD003 included up to 0.18% Cu over 1m (from 42-43m downhole)
within a stockwork zone.

Drillhole AM25DD006 included up to 1.1% Zn over 1m (from 51-52m downhole).

Tabulated drillhole results are provided in Table 2 below.

Sections for drillholes AM25DD001 and 2, and AM25DD003 and 8 are shown in
Figures 6 and 7 respectively.

Figure 6: Section for Drillholes AM25DD001 and AM25DD002 (looking north)

 

Figure 7: Section for Drillholes AM25DD003 and AM25DD008, plus Trench AM24TR02
(looking west)

Conclusions

The drillhole observations and results identified some significant sulphide
mineralisation in what is interpreted to be the peripheral zone of a
mineralised system. The >1% Cu intersection in hole AM25DD001, along with
the other geochemically anomalous zones, offer great encouragement and targets
for the next phases of work.

The next phases of work include a full review of all results to better
understand the geological associations with mineralisation, with an emphasis
on the breccia units. This would facilitate the planning of a follow-up
trenching and drilling programme.

Some additional sampling on the remaining core is also planned. This includes
sampling the rest of AM25DD006, hole AM25DD007 (located over 1km to the north
of hole AM25DD001), as well as potentially some intervals of the as yet
unsampled holes AM25DD004, 5 and 7 (that contain alteration and some observed
mineralisation).

Table 2: Highlighted Drill Hole Intersections

 Drill Hole ID  Sample ID  Downhole Intersection     Lithology  Selected Assay Results (*)
                From                    To           Cu         Zn

                (m)                     (m)          (ppm)      (ppm)
 AM25DD001      533006     43           44           Basalt     155             53
 AM25DD001      533007     44           45           Basalt     44              49
 AM25DD001      533008     45           46           Basalt     178             53
 AM25DD001      533009     46           47           Andesite   191             55
 AM25DD001      533010     47           48           Andesite   403             65
 AM25DD001      533011     48           49           Andesite   118             66
 AM25DD001      533025     61           62           Andesite   122             45
 AM25DD001      533026     62           63           Andesite   171             47
 AM25DD001      533027     63           64           Andesite   91              50
 AM25DD001      533028     64           65           Basalt     122             49
 AM25DD001      533029     65           66           Basalt     92              47
 AM25DD001      533030     66           67           Basalt     96              44
 AM25DD001      533031     67           68           Basalt     118             58
 AM25DD001      533032     68           69           Basalt     160             67
 AM25DD001      533033     69           70           Basalt     291             70
 AM25DD001      533034     70           71           Basalt     231             76
 AM25DD001      533035     71           72           Basalt     86              82
 AM25DD001      533036     72           73           Andesite   3560            101
 AM25DD001      533037     73           74           Andesite   303             67
 AM25DD001      533038     74           75           Andesite   139             64
 AM25DD001      533039     75           76           Andesite   90              66
 AM25DD001      533041     76           77           Andesite   254             57
 AM25DD001      533042     77           78           Andesite   85              65
 AM25DD001      533043     78           79           Andesite   62              56
 AM25DD001      533044     79           80           Andesite   85              64
 AM25DD001      533045     80           81           Andesite   5630            105
 AM25DD001      533046     81           82           Andesite   2860            77
 AM25DD001      533047     82           83           Basalt     3800            104
 AM25DD001      533048     83           84           Basalt     1520            87
 AM25DD001      533049     84           85           Basalt     127             67
 AM25DD001      533056     90           91           Andesite   126             71
 AM25DD001      533057     91           92           Basalt     68              69
 AM25DD001      533058     92           93           Basalt     111             75
 AM25DD001      533059     93           94           Breccia    43              81
 AM25DD001      533061     94           95           Andesite   44              103
 AM25DD001      533062     95           95.5         Breccia    25              74
 AM25DD001      533063     95.5         96           Dolerite   10000           70
 AM25DD001      533064     96           97           Fault      10850           78
 AM25DD001      533065     97           98           Dolerite   149             60
 AM25DD001      533066     98           99           Fault      2160            136
 AM25DD001      533067     99           100          Andesite   212             86
 AM25DD001      533068     100          101          Fault      85              72
 AM25DD001      533069     101          102          Andesite   601             101
 AM25DD001      533070     102          103          Basalt     34              86
 AM25DD001      533071     103          104          Basalt     688             62
 AM25DD001      533072     104          105          Andesite   115             71
 AM25DD001      533073     105          106          Andesite   326             70
 AM25DD001      533074     106          107          Andesite   34              61
 AM25DD001      533075     107          108          Basalt     212             65
 AM25DD001      533076     108          109          Andesite   63              64
 AM25DD002      533079     83           84           Basalt     100             73
 AM25DD002      533081     84           85           Basalt     114             69
 AM25DD002      533082     85           86           Basalt     1580            67
 AM25DD002      533083     86           87           Basalt     2950            63
 AM25DD002      533084     87           88           Basalt     2080            74
 AM25DD002      533085     88           89           Basalt     853             78
 AM25DD002      533086     89           90           Basalt     95              73
 AM25DD002      533087     90           91           Basalt     89              81
 AM25DD002      533088     91           92           Basalt     71              66
 AM25DD002      533089     92           93           Basalt     354             53
 AM25DD002      533093     96           97           Fault      221             40
 AM25DD002      533094     97           98           Fault      129             53
 AM25DD002      533095     98           99           Fault      20              53
 AM25DD002      533096     99           100          Fault      120             45
 AM25DD003      533106     35           36           Fault      223             232
 AM25DD003      533107     36           37           Fault      160             381
 AM25DD003      533108     37           38           Fault      141             451
 AM25DD003      533109     38           39           Fault      402             707
 AM25DD003      533110     39           40           Fault      337             257
 AM25DD003      533111     40           41           Stockwork  424             359
 AM25DD003      533112     41           42           Stockwork  852             615
 AM25DD003      533113     42           43           Sulphide   1805            551
 AM25DD003      533114     43           44           Stockwork  151             566
 AM25DD003      533115     44           45           Stockwork  34              317
 AM25DD003      533116     45           46           Stockwork  251             92
 AM25DD003      533117     46           47           Stockwork  125             641
 AM25DD003      533118     47           48           Stockwork  93              216
 AM25DD003      533119     48           49           Stockwork  208             1200
 AM25DD003      533121     49           50           Stockwork  251             441
 AM25DD003      533122     50           51           Stockwork  499             508
 AM25DD003      533123     51           52           Fault      263             469
 AM25DD003      533124     52           53           Fault      129             973
 AM25DD003      533125     53           54           Breccia    41              207
 AM25DD003      533126     54           55           Basalt     45              135
 AM25DD003      533127     55           56           Basalt     67              129
 AM25DD006      533159     51           52           Breccia    568             11050
 AM25DD006      533161     52           53           Breccia    206             1775
 AM25DD006      533162     53           54           Breccia    91              271
 AM25DD006      533163     54           55           Breccia    105             388
 AM25DD006      533164     55           56           Breccia    179             1855
 AM25DD006      533165     56           57           Breccia    87              251
 AM25DD006      533166     57           58           Basalt     501             289
 AM25DD008      533144     83           84           Fault      135             198
 AM25DD008      533145     84           85           Breccia    96              106
 AM25DD008      533146     85           86           Breccia    77              238

 

Table notes: * Assay data by ALS Laboratories method ME-ICP61.  10,000 parts
per million (ppm) = 1.0 %.  Cu or Zn intersections >  1,000 ppm
highlighted in bold. AM25DD006 partially sampled and drillholes AM25DD004, 5
& 7 not yet sampled.

 

References

1:            Franklin, J. M., Gibson, H. L., Jonasson, I. R. and
Galley, A. G. 2005. Volcanogenic massive sulphide deposits. Economic Geology.
100(th) Anniversary Volume. Pp. 523-560.

2:            Taylor, C. D., Zierenberg, R. A., Goldfarb, R. J.,
Kilburn, J. E., Seal, R. R., Kleinkopf, M.D. and Du Bray, E.A., 1995.
Volcanic-associated massive sulfide deposits. United States Geological
Survey, America. Open-File Report. Pp. 137-144.

3:            Company announcement, Non-binding Heads of Terms
signed with Alara Resources & Awtad Copper, dated 11 September 2024

 
(https://polaris.brighterir.com/public/power_metal_resources/news/rns/story/xpd67mx
(https://polaris.brighterir.com/public/power_metal_resources/news/rns/story/xpd67mx)
).

4:            Company announcement, Agreement with Alara Resources
& Awtad Copper, dated 25 October 2024

(https://polaris.brighterir.com/public/power_metal_resources/news/rns/story/rd8z59w
(https://polaris.brighterir.com/public/power_metal_resources/news/rns/story/rd8z59w)
).

5:            Taylor, S. R. 1964. Abundance of chemical elements in
the continental crust: a new table. Geochemica et Cosmochimica Acta. Vol. 38.
Pp. 1273-1285.

 

 

QUALIFIED PERSON STATEMENT

The technical information contained in this disclosure has been read and
approved by Mr Nick O'Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a
qualified geologist and acts as the Qualified Person under the AIM Rules -
Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal
Consultant working for Mining Analyst Consulting Ltd which has been retained
by Power Metal Resources PLC to provide technical support.

 

For further information please visit https://www.powermetalresources.com/
(https://www.powermetalresources.com/) or contact:

 Power Metal Resources PLC
 Sean Wade (Chief Executive Officer)                                             +44 (0) 20 3778 1396

 SP Angel Corporate Finance LLP (Nomad and Joint Broker)
 Ewan Leggat/Jen Clarke                                                          +44 (0) 20 3470 0470

 Tamesis Partners LLP (Joint Broker)
 Richard Greenfield/Charlie Bendon                                               +44 (0) 20 3882 2868

 BlytheRay (PR Advisors)

 Tim Blythe/Alastair Roberts                                                     +44 (0) 20 7138 3204

powermetalresources@blytheray.com

 

NOTES TO EDITORS

Power Metal Resources PLC (AIM: POW, OTCQB: POWMF) is a London-listed metals
exploration company which finances and manages global resource projects and is
seeking large scale metal discoveries.

 

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, Saudi Arabia, Oman and Australia.

 

Project interests range from early-stage greenfield exploration to later-stage
prospects currently subject to drill programmes.

 

Power Metal will develop projects internally or through strategic joint
ventures until a project becomes ready for disposal through outright sale or
separate listing on a recognised stock exchange thereby crystallising the
value generated from our internal exploration and development work.

 

Value generated through disposals will be deployed internally to drive the
Company's growth or may be returned to shareholders through share buy backs,
dividends or in-specie distributions of assets.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DRLFZMMZMDNGKZM



            Copyright 2019 Regulatory News Service, all rights reserved