StockMarketWire.com - Power Metal Resources and Two Shields Investments noted that venture partner and project operator Kalahri Key had completed a ground geophysics programme at the Molopo Farms nickel and copper prospect in Botswana.

Data collected from 11 loops, covering the 10 best target areas, would now be interpreted with a view to designing a drill programme to test the key targets.

Kalahari Key said it expected to have defined top priority drill targets by the end of August.

Power Metal Resources has a 18.26% shareholding in Kalahari Key and also has a right by 31 December earn into a 40% direct project interest in the Molopo Farms mine through a $0.5m investment.

Two Shields has a 17.8% interest in Kalahari Key and also owns about 4.1% of Power Metal Resources.

At 1:09pm:

[LON:POW] share price was 0p at 0.5p

[LON:TSI] Two Shields Investments Plc Ord 0.1p share price was 0p at 0.14p



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