POWER METAL RESOURCES PLC

None observed in current sources.

• ■
  GLOBAL SILVER CORPORATION LTD

  beneficial owner
  100%
• ■
  ION BATTERY RESOURCES LIMITED

  beneficial owner
  100%
• ■
  POWER ARABIA LIMITED

  beneficial owner
  100%
• ■
  GUARDIAN METAL RESOURCES PLC

  beneficial owner
  50%
• ■
  NEW BALLARAT GOLD CORPORATION PLC

  beneficial owner
  50%
• ■
  FIRST DEVELOPMENT RESOURCES PLC

  beneficial owner
  75%