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Pan Asia Metals Ltd. ( (AU:FLG) ) just unveiled an update.
Flagship Minerals has received the second A$1.25 million funding tranche from strategic partner and global EPC group Xinhai, completing a A$2.5 million placement that strengthens its balance sheet and materially reduces its convertible note position. The company is advancing towards a JORC-compliant Mineral Resource Estimate for the Pantanillo Gold Project, having appointed Bmining to lead the resource update and reporting strong indications of near-surface, bulk-tonnage mineralisation in the Main Zone, with an updated estimate targeted for release in the first quarter of 2026. Environmental baseline work has begun under Chilean consultancy AyS to prepare an environmental impact assessment as part of a streamlined permitting process, while soils data has outlined a large, largely untested gold anomaly extending well beyond current drilling. With ongoing community and government engagement in Chile, strong local support, and plans for additional board and management appointments with Chilean mining expertise, Flagship positions Pantanillo for future development and reinforces its shift from explorer to mine developer.
The most recent analyst rating on (AU:FLG) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Pan Asia Metals Ltd. stock, see the AU:FLG Stock Forecast page.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is an ASX-listed mineral exploration and development company with a focus on gold, advancing its 100%-owned Pantanillo Gold Project in Chile. The company is transitioning from pure exploration to emerging development, leveraging technical partnerships and Chile-based consultants to progress resource estimation, environmental approvals and project de-risking, while aiming to manage capital efficiently and minimise shareholder dilution.
Average Trading Volume: 315,049
Technical Sentiment Signal: Buy
Current Market Cap: A$74.96M
Find detailed analytics on FLG stock on TipRanks’ Stock Analysis page.