Panther Metals beginning to build up head of steam with gold exploration programmes in Canada and Au

Panther Metals invests in or acquires companies or projects within the natural resources sector which have the potential for growth and value generation over the medium to long term.

The company will utilise their extensive international network to identify opportunities in base, precious and energy metals. The company will focus its search on highly attractive and established and politically stable mining jurisdictions such as Australia, North America and Canada.

() has raised GBP630,000 through a placing of new shares at 12p each.

Darren Hazelwood, Panther’s chief executive, said: “As we work towards the commencement of two drill programmes in Ontario, Canada: Dotted Lake on the Hemlo-Schreiber greenstone belt; and the Wishbone VMS target on the Obonga greenstone belt, this raise provides us with the capital required to proceed exactly as planned during this autumn.

“It is widely reported that the lack of access has been a contributory factor in the low levels of previous exploration carried out on the Obonga greenstone belt to date.

“Obonga has all the geological ingredients to host a commercially viable discovery, as illustrated by similar greenstone belts within the vicinity.

() has appointed Sanlam Private Wealth Pty Ltd and Kerr Allan as joint lead managers for the proposed listing of the company’s subsidiary Panther Metals Ltd on the Australian Securities Exchange.

Panther Metals Ltd has also raised A$300,000 to fund the listing process.

() has revealed a new JORC exploration target for the Coglia nickel-cobalt project, following an independent review undertaken by Geomin Services Pty Ltd.

Geomin considered the results of two historical exploration drilling campaigns undertaken between 2001-2003 and in 2018.

Shares in () have almost doubled in value since they were listed in London in January this year. What’s more, allowing that there was a bit of a bit of post-IPO selling, they’ve more than tripled in value since February, the last point in time at which we can say the market was unaffected by coronavirus.

Because, allowing for the coronavirus then trashing the value of everything in March, and Panther’s shares have risen almost sixfold.

() () Darren Hazlewood joins Proactive London after announcing this week Niigaani Drilling Incorporated of Thunder Bay, Canada will undertake the company’s planned drilling programme at its 100% owned Dotted Lake property in Ontario, Canada.

He explains how the sulphides protrude at surface and those sulphides are gold bearing and previous results show they are ‘of a grade that would interest anyone’.

And he says drilling will begin ‘sooner than anyone could imagine!’

Panther was launched onto London’s AIM exchange in late 2019, bringing to market a portfolio of Australian and Canadian exploration assets, to which they have subsequently added extra territory. At the time we noted that this opened the way for various outcomes: developing to production, generating value uplift by proving up projects then on-selling or slicing & dicing via listings on either the TSX or ASX or both.