伦敦上市的矿产勘探公司及项目孵化器Power Metal Resources PLC（AIM：POW，OTCQB：POWMF）及其控股子公司Power Arabia Ltd（简称“Power Arabia”）欣然发布沙特阿拉伯王国（简称“沙特”）Balthaga项目（简称“Balthaga”或“项目”）勘探计划的最新进展。Power Metal已

完成获得项目20%股权所需的初始支出¹，现正启动增持至30%股权所需的勘探支出。为此，公司正在组建团队，开展下一阶段的勘探工作，重点是在去年发现的异常区域和目标区域的基础上，进一步确定钻探目标²。

该钻探目标确定计划将分为两个阶段。第一阶段侧重于地质填图和岩石取样，目标包括先前确定的目标和新目标；第二阶段侧重于在异常的Hugban侵入体走廊开展加密土壤地球化学取样。

Power Metal Resources PLC首席执行官Sean Wade评论道：

“通过我们之前的勘探工作和历史报告，我们已经在Balthaga许可证区域内发现了多个潜在目标。我们的勘探团队已进驻现场，旨在确定这些目标，以便开展未来的钻探计划，并进一步证实该项目的前景。”

随着我们进入下一阶段的支出需求，我们期待在项目中提升我们的战略地位，同时借助Power Arabia团队的技术专长，进一步加深我们对这一令人振奋的矿权区域的了解。”

EV Metals Group plc地质与采矿总经理Chris Counsell评论道：

“我们很高兴能与合资伙伴Power Metals Arabia携手推进Balthaga项目的下一阶段勘探工作，这是我们既定合作计划的一部分。钻探目标计划的启动体现了我们团队之间高度的技术契合，并巩固了我们对这一极具前景区域的地质认识。”我们期待该项目取得成果，并继续推进，以支持EV Metals集团在沙特阿拉伯王国的长期增长战略。”

巴尔萨加矿区

巴尔萨加矿区位于沙特阿拉伯利雅得和吉达之间，由13个相邻的勘探许可证组成，总面积达1290平方公里（图1）。

根据地质背景、现有数据和实地考察，该矿区有望发现与花岗岩相关的稀有金属矿化，特别是锡（Sn）、钨（W）、锂（Li）、铍（Be）、钼（Mo）、铌（Nb）和钽（Ta）以及稀土元素（REE）。

巴尔萨加项目已与RIWAQ Al-Mawarid for Mining（简称“RIWAQ”）签署了一项具有约束力的收益分成协议，该协议于2024年3月26日公布¹。RIWAQ是EV Metals Group plc（简称“EVM”）的控股子公司，EVM专注于沙特阿拉伯王国（KSA）矿产和金属勘探、开采和加工的关键原材料供应链的开发。Power Metal Resources已完成其初始支出要求，目前持有该项目20%的股份²。

下一阶段的工作分为两个阶段，旨在确定下一阶段的钻探目标。第一阶段将于近日启动，重点是开展测绘和岩石取样计划，目标包括先前确定的目标以及与去年发现的稀有金属花岗岩矿化相关的新目标。第二阶段计划于2026年3月中旬斋月后进行，重点是对关键异常的胡克班侵入走廊进行加密土壤地球化学取样计划。

来自SRK Consulting (UK) Ltd的一位地质和矿化专家将加入初始团队，他曾独立审阅过这份长达95页的综合技术报告。这位专家将为野外考察项目带来丰富的经验和本地知识，同时，来自吉达MSA集团的一位资深地质学家也将提供支持。此外，一位之前合作过的当地后勤专家将在整个项目期间为野外考察团队提供支持。

Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London-listed mineral 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 exploration programme at the Balthaga project ("Balthaga" or the "Project") in the Kingdom of Saudi Arabia ("KSA").

Following the fulfilment of the Company's initial expenditure requirement to obtain 20% shareholding in the Project1, Power Metal is now commencing the exploration expenditure required to increase its shareholding to 30%. As part of this, the Company is mobilising a team to carry out the next stage of exploration focused on defining drill targets, further to the anomalies and targets generated last year2.

This drill target definition programme will be split into two phases. The initial phase focusing on a mapping and rock sampling programme targeting both previously defined targets and new targets, and phase two focused on an infill soil geochemistry sampling programme over the anomalous Hugban intrusion corridor.

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

"Through our previous exploration work and historical reports, we have identified multiple prospective targets across the Balthaga licence area. The mobilisation of our exploration team on site will look to define these targets for future drilling programmes and provide further confirmation of the prospectivity of the Project.

As we move into the next stage of our expenditure requirements, we look forward to enhancing our strategic position within the Project, whilst drawing on the technical expertise of the Power Arabia team to further expand our understanding of this exciting licence area."

Chris Counsell, General Manager Geology and Mining, EV Metals Group plc, commented:

"We are pleased to be progressing the next stage of exploration at the Balthaga Project alongside our joint venture partner, Power Metals Arabia, as part of our planned and collaborative work programme. The commencement of the drill target programme reflects the strong technical alignment between our teams and builds on the growing Geological understanding of this highly prospective area. We look forward to the outcomes of this work as the Project continues to advance and support EV Metals Group's long-term growth strategy in the Kingdom."

Balthaga property

The Balthaga property is located midway between Riyadh and Jeddah in Saudi Arabia and comprises 13 contiguous exploration licences that encompass a total area of 1,290 km2 (Figure 1).

Based on the geological setting, available data and field observations, the property is prospective for granite-related rare metal mineralisation, particularly tin (Sn), tungsten (W), lithium (Li), beryllium (Be), molybdenum (Mo), niobium (Nb) and tantalum (Ta) and rare earth elements ("REE").

Balthaga is the subject of a mutually binding earn-in agreement with RIWAQ Al-Mawarid for Mining ("RIWAQ"), announced 26 March 20241. RIWAQ is a 90% owned subsidiary of EV Metals Group plc ("EVM"), which is focused on the development of the supply chain for critical raw materials from the exploration, mining and processing of minerals and metals in KSA. Power Metal Resources has fulfilled its initial expenditure requirement and is now a 20% stakeholder in the Project2.

This next stage of work is split into two phases, both designed to identify next stage drill targets. The initial phase is due to commence in the coming days, focusing on a mapping and rock sampling programme targeting both previously defined targets and new targets relating to the rare metal granite mineralisation identified last year. The second phase is planned to take place after Ramadan in mid-March 2026 and is focused on an infill soil geochemistry sampling programme over the key anomalous Huqban intrusion corridor.

An expert in this type of geology and mineralisation from SRK Consulting (UK) Ltd, who independently reviewed the comprehensive 95-page technical report, will be part of the initial team, adding significant experience and local knowledge to the field programme, along with support from a senior geologist from The MSA Group in Jeddah. Furthermore, a previously-used, local logistical specialist will support the team in the field for the duration of the programme.