Panthera Resources Plc (GB:PAT) has released an update.
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Panthera Resources Plc, a gold exploration and development company, reports a dispute with India over treaty breaches concerning the Bhukia project after the Government of Rajasthan announced a preferred bidder for the mining lease. The bidder must meet substantial financial commitments, while Panthera’s subsidiary IGPL seeks damages from India for treaty breaches. Despite the uncertainties in legal outcomes, Panthera remains firm in its belief of the Bhukia project’s significant mineral potential, which exceeds governmental estimates.
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