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Panther Metals PLC - Malaysia-based company focused on mineral exploration in Canada and Australia - Notes that 37% investee Panther Metals Ltd begins a 6,000 metre reverse circulation infill drilling programme at the Coglia nickel-cobalt project in Australia, with the objective of defining a maiden mineral resource estimate.
"Today marks the start of a comprehensively planned two-year work programme that aims to convert existing nickel, cobalt and gold prospects into JORC (2012) compliant Mineral Resources or Exploration Targets, providing the opportunity for a substantial uplift to shareholder value," says Chief Executive Officer Darren Hazelwood.
"The 6,000m drilling programme, which is scheduled for completion in early February 2022, is designed to provide the necessary information to establish a maiden Ni-Co Mineral Resource Estimate for Coglia whilst also providing the necessary material for future metallurgical test-work studies," Hazelwood adds.
Current stock price: 12.00 pence
Year-to-date change: down 20%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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