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Power Metal Resources said it had appointed Paul Johnson as its chief executive following a strategic review.
Johnson was previously executive director.
Andrew Bell would remain as executive chairman.
The company also said that it had decided to focus on large-scale metal discoveries in the power metal commodities, principally nickel, copper and cobalt.
It may also acquire interests outside Africa, should compelling opportunities arise in the future.
At 9:42am: (LON:POW) share price was +0.05p at 0.45p