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The latest update is out from Panther Metals Plc ( (GB:PALM) ).
Panther Metals has launched investigatory metallurgical testwork on magnesium recovery from serpentinite at its Dotted Lake project in Ontario, following drill results showing extensive, high-grade magnesium-bearing ultramafic intrusions with associated nickel, chromium, PGE and silver. The company has submitted 134kg of crushed drill core to TDI to assess Extrakt’s proprietary extraction technology, aiming to establish baseline recovery data that could underpin a future process route for a potential magnesium source linked to lightweight alloys and clean energy demand.
The update comes as Panther advances its broader Canadian portfolio, including a planned 2,000-metre diamond drilling campaign at the Wishbone prospect within the Obonga Project, where prior work has confirmed VMS-style sulphide mineralisation and strong copper anomalies. Additional permits at Awkward West and ongoing geophysical surveys across Obonga, alongside tailings-focused work at the Winston Project to support a future mineral resource estimate, underscore the company’s strategy of combining high-impact critical minerals exploration with near-term, lower-risk value opportunities.
The most recent analyst rating on (GB:PALM) stock is a Hold with a £89.00 price target. To see the full list of analyst forecasts on Panther Metals Plc stock, see the GB:PALM Stock Forecast page.
Spark’s Take on GB:PALM Stock
According to Spark, TipRanks’ AI Analyst, GB:PALM is a Neutral.
Overall score is held down primarily by weak financial performance (pre-revenue, losses, and ongoing cash burn) and a loss-driven valuation profile (negative P/E, no dividend data). Technicals are a partial offset due to strong trend vs moving averages, but overbought RSI tempers the technical score.
To see Spark’s full report on GB:PALM stock, click here.
More about Panther Metals Plc
Panther Metals Plc is a London-listed mineral exploration company focused on projects in Canada, particularly in Ontario. The company targets orogenic gold, magmatic intrusive-hosted nickel, cobalt, platinum group elements and magnesium, as well as base and critical minerals through district-scale opportunities such as the Obonga Greenstone Belt and lower-risk tailings reprocessing at the Winston Project.
Average Trading Volume: 75,586
Technical Sentiment Signal: Buy
Current Market Cap: £6.95M
For a thorough assessment of PALM stock, go to TipRanks’ Stock Analysis page.