- Mining companies Katoro Gold and Power Metal Resources said a drilling programme had been finalised for their Haneti nickel project in Tanzania.

The first stage exploration programme would verify and drill-test potential chonolith-type nickel sulphide mineralisation.

Three preliminary target areas had been selected for exploratory diamond drilling: Milhanza Hill, Mwaka Hill and Igari Hill.

A short shallow rotary air blast drill programme would seek to verify the three near-surface targets ahead of a confirmatory deep diamond drilling programme.

Airborne geophysics over the wider project area would seek to delineate additional deep-seated targets.

'The Haneti project, in the board's view, represents a very interesting exploration opportunity and we are very excited to embark on the first exploration drill programme for Haneti, during a time where we see renewed interest and excitement in nickel,' Katoro executive chairman Louis Coetzee said.

At 2:44pm:

[LON:KAT] Katoro Gold Mining Plc share price was +0.15p at 2.25p

[LON:POW] share price was +0.1p at 1.05p

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