Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Panther Metals Ltd. ( (AU:PNT) ) has issued an update.
Panther Metals Limited has announced the results of a maiden Scoping Study for its Burtville East Gold Project, revealing strong economic potential with an NPV8 of A$26.6 million and an IRR of 44%. The study highlights a high-grade open pit potential, with 112kt ore at 2.46g/t Au for 8,893/oz Au, and indicates significant expansion opportunities constrained only by current drilling extents. The company plans further drilling and studies to advance the project, although it acknowledges the need for additional funding and the inherent uncertainties in the project’s development.
More about Panther Metals Ltd.
Panther Metals Limited is a mining company focused on the exploration and development of gold projects in Australia. The company’s primary focus is on the Burtville East Gold Project, where it aims to develop high-grade open pit mining operations.
Average Trading Volume: 3,332,136
Technical Sentiment Signal: Sell
Current Market Cap: A$3.01M
Find detailed analytics on PNT stock on TipRanks’ Stock Analysis page.