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Panthera Resources Plc ( (GB:PAT) ) has issued an announcement.
Panthera Resources Plc announced positive results from metallurgical tests on samples from the Kalaka deposit in Mali, indicating strong potential for gold recovery through cyanide leaching methods. These results, with CIL extractions achieving a 93.4% recovery rate and heap leaching showing a 76.3% recovery rate, bolster the company’s confidence in the Kalaka project’s viability and represent a significant milestone in its development.
Spark’s Take on GB:PAT Stock
According to Spark, TipRanks’ AI Analyst, GB:PAT is a Neutral.
Panthera Resources Plc shows a strong technical performance with positive market momentum, but financial instability and lack of profitability weigh heavily on the overall score. The recent corporate events provide a positive outlook for potential future growth, yet significant financial risks remain due to operational losses and reliance on external funding.
To see Spark’s full report on GB:PAT stock, click here.
More about Panthera Resources Plc
Panthera Resources Plc is a gold exploration and development company with assets primarily located in West Africa and India. The company focuses on exploring and developing gold deposits, with significant projects in Mali, including the Kalaka and Bassala projects.
Average Trading Volume: 834,340
Technical Sentiment Signal: Buy
Current Market Cap: £58.86M
See more insights into PAT stock on TipRanks’ Stock Analysis page.