Palace Resources (ASX: PXR) has entered into a mandate with SilikonRok Pty Ltd to gain access to projects and expertise in the technology space.
SilikonRok is an independent advisory group that evaluates technology companies looking to commercialise.
Veteran technologist Kevin Baum and team have a proven track record in the evaluation of risks and opportunities in technology businesses and provide advice on the roadmap to profitability.
SilikonRok will, in addition to projects developed in-house, also has the capacity to source near term cash flow opportunities, review management teams and processes, identify risk and rovide ongoing governance and product development support.
Palace will keep shareholders informed of any material developments regarding the projects currently under review.
Further, the Company continues with its current projects and is reviewing additional resource projects that might meet its investment criteria.
