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Panther Metals Ltd. ( (AU:PNT) ) has issued an announcement.
Panther Metals Ltd has announced a correction to its previously reported high-grade Mineral Resource Estimate (MRE) for the Burtville East Gold Project due to a minor modelling error. This correction has resulted in an increase in the estimated gold ounces, with the updated MRE now reporting 62.3kt at 4.24g/t Au for 8,600oz. The company has also adjusted the cut-off grades to align with the outcomes of its Scoping Study, reflecting potential open pit mining results. This update suggests potential for further exploration at depth, indicating that the mineralisation remains open and could lead to future drilling initiatives.
More about Panther Metals Ltd.
Panther Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold mining, with a particular emphasis on high-grade gold deposits.
Average Trading Volume: 3,332,136
Technical Sentiment Signal: Sell
Current Market Cap: A$3.01M
See more insights into PNT stock on TipRanks’ Stock Analysis page.