Panther Metals Advances Winston Tailings Project with Extrakt Metallurgical Deal

Panther Metals Plc ( (GB:PALM) ) has provided an announcement.

Panther Metals has appointed US-based Extrakt Process Solutions to carry out phased metallurgical testwork at its Winston Tailings Project in Ontario, a key step toward securing a Recovery of Minerals Permit and progressing the project to a potential cashflow-generating operation. The Phase 1 programme will characterise tailings from the historic Winston Lake Mine and generate baseline extraction data for gold, gallium, indium, silver, zinc, copper and cobalt, underpinning a forthcoming mineral resource estimate by SRK and supporting the case for economically viable reprocessing of tailings, which could unlock residual metal value and contribute to site rehabilitation. The move aligns Panther’s broader Canadian strategy, which also includes advancing its Obonga VMS and critical minerals district and its Hemlo-adjacent Dotted Lake gold project, both of which have seen recent permitting and drilling progress that enhance the company’s exploration pipeline and long-term growth prospects.

The most recent analyst rating on (GB:PALM) stock is a Hold with a £66.00 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.

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow), partly offset by a relatively low-leverage balance sheet. Technical indicators are supportive and lift the score, but valuation support is limited given losses and no dividend.

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 advancing gold, base metal and critical mineral projects in Canada, notably within Ontario’s mining-friendly jurisdictions. Its portfolio includes the Winston Tailings Project targeting metal recovery from historic mine waste, the Obonga Project in the Obonga Greenstone Belt with volcanogenic massive sulphide and critical mineral potential, and the Dotted Lake gold project near Barrick Gold’s Hemlo mine, positioning the company to capitalise on both traditional precious metals and emerging critical minerals demand.

Average Trading Volume: 45,430

Technical Sentiment Signal: Sell

Current Market Cap: £4.23M

Find detailed analytics on PALM stock on TipRanks’ Stock Analysis page.