Power Metal Resources plc provides a further update from the Kalahari Key Mineral Exploration Pty Ltd, Molopo Farms Complex Project, which is targeting prospective massive nickel sulphide and platinum-group metal ("PGM") mineralisation in Botswana. Power Metal currently has an 18.26% shareholding in Kalahari Key and has elected to earn in ("Earn-In") to a 40% direct interest in the MFC Project by funding USD 500,000 of exploration expenditure by 30 April 2021, notably the diamond drilling of selected targets (the "Drill Programme"). To date Power Metal have paid USD 192,641 leaving a balance remaining of USD 307,359 (approximately £230,523) which is fully covered by Power Metal cash resources. The Drill Programme was for an initial planned 2,505m across four diamond core drill holes with planned target hole depths varying from 525m to 710m. Ultimate meterage to be drilled will be determined in due course. The Drill Programme is designed to intersect four high priority targets prospective for massive nickel sulphide mineralisation, delineated by both Time Domain Electromagnetic ("EM") and Natural Field Audio Magneto Telluric ("NF-AMT") geophysics surveys. The first drill hole KKME 1-14 at the MFC Project attained a target depth of 515.8m. The hole was completed safely and securely and achieved near 100% core recovery. KKME 1-14 was sited in the Jwaneng-Makopong Shear/Feeder zone to the east of the main Molopo Farms Complex intrusion. KKME 1-14 successfully confirmed the geological proposition that the geology at Molopo Farm is that of a feeder zone. Hole KKME 1-6 is the second hole with a current end of hole depth of 547.4m (to be deepened to circa 600-650m). The hole was originally designed to intercept the upper side of a conductive body modelled from geophysical survey data to commence around 500m down-hole depth. KKME 1-6 is located in the project's Tshepo (Hope) Central Target Area, approximately 20km west-southwest of the programme's first drill hole KKME 1-14 and along strike on the shear zone interpreted as the Molopo Farms Complex Feeder Zone. The Tshepo (Hope) Central Target Area lies within the centre of the interpreted feeder zone inside the near-surface sub-crop of the Molopo Farms Complex in Licence PL311/2016.