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Panther Metals Ltd. ( (AU:PNT) ) just unveiled an update.
Panther Metals Ltd has announced a maiden high-grade Mineral Resource Estimate at Burtville East, comprising 62,000 tonnes at 4.24g/t gold for 8,400 ounces. A Scoping Study is underway to evaluate the economic feasibility of open pit mining, with initial findings suggesting a potential low-capex, high-grade starter operation. Additionally, metallurgical test work is ongoing to support future exploration and development. Initial drilling at the Rainier target has confirmed shallow gold mineralisation, indicating the potential for an additional gold-mineralised system within the Laverton Gold Project. The strategic location of the project, amid a 35km-long gold belt, enhances its value, especially following Genesis Minerals’ acquisition of nearby Focus Minerals.
More about Panther Metals Ltd.
Panther Metals Ltd is a company engaged in the exploration and development of mineral resources, primarily focusing on gold projects. The company operates within the Laverton Gold Project area, which is situated in a highly prospective gold corridor with historic and active operations nearby.
Average Trading Volume: 3,333,875
Technical Sentiment Signal: Sell
Current Market Cap: A$3.31M
Find detailed analytics on PNT stock on TipRanks’ Stock Analysis page.