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Pin to quick picksPanther Metals Share News (PALM)

Share Price Information for Panther Metals (PALM)

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Share Price: 5.25
Bid: 5.00
Ask: 5.50
Change: 0.00 (0.00%)
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Open: 5.25
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Low: 5.25
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IN BRIEF: Panther Metals shares rise on extra Obonga graphite assay

Thu, 11th Jan 2024 10:31

Panther Metals PLC - Canada-focused mineral exploration company - Announces updated graphite assay results for drill hole BBR22_AW-P1-1, based on additional samples targeting crystalline graphite at the Awkward prospect in its Obonga project, northwest Ontario. Results extend downhole intersection to 27.2 metres at 2.25% total graphitic carbon between 12 metres and 43.3 metres downhole. Company says historic data review notes graphite at surface and abundant in some units within the wider exploration area.

"It is important we are cautious at this time due to the potential scale but graphite is known to be abundant in the Obonga area," comments Chief Executive Officer Barren Hazelwood. "Any graphite discovery in a major mining jurisdiction is significant, but one at surface, with substantial scale potential and within trucking distance of a major port, offers outstanding potential."

Current stock price: 4.50 pence, up 20% on Thursday morning in London

12-month change: down 7.2%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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21 Sep 2022 21:56

IN BRIEF: Panther Metals finds anomalous gold areas at Manitou Lakes

Panther Metals PLC - mineral exploration in Canada - Says a gold focussed soil geochemical sampling programme at its Manitou Lakes project in Ontario, Canada identified anomalous areas of gold in the soil. Says a "significant" portion of the results returned "highly significant" gold.

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21 Sep 2022 11:26

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IN BRIEF: Panther Metals raises GBP1.1 million to fund drilling work

Panther Metals PLC - mineral exploration in Canada - Raises GBP1.1 million through placing of 20.9 million shares at a price of 5.5 pence each. Placing price is 12% discount to Monday's closing share price of 6.25p.

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27 Jul 2022 14:47

IN BRIEF: Panther Metals subsidiary starts follow-up drilling campaign

Panther Metals PLC - mineral exploration in Canada - Says its subsidiary Panther Metals Ltd has started the second round of drilling at Burtville East gold project. Says the programme will include both reverse circulation and diamond core, which is designed to follow up on shallow high-grade gold intercepts. Earlier this month, the company noted that results from hole BVE006 found 1 metre at 79.90 grams per tonne gold from 27 metres and 1 metre at 478.00 grams per tonne from 28 metres.

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21 Jul 2022 22:01

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6 Jun 2022 15:58

UK shareholder meetings calendar - next 7 days

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Panther Metals finishes drilling at Eight Foot Well prospect

Panther Metals PLC - mineral exploration in Canada - Says its subsidiary Panther Australia completed the 38 hole to 2,500 meters at the Eight Foot Well gold prospect in Western Australia. Says the drill samples will be submitted for laboratory analysis and that the assay results will be reported when available. Notes that the drill rig has now relocated to the Burtville East gold prospect located within the Merolia gold project, where reverse circulation drilling is expected to start immediately.

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29 Apr 2022 14:26

IN BRIEF: Panther Metals narrows loss; sees itself in strong position

Panther Metals PLC - mineral exploration in Canada - Reports narrowed annual loss for 2021. Pretax loss narrows to GBP126,269 from GBP668,198 in 2020. Firm sees an ongoing impact from Covid-19 related restrictions on exploration staffing, permitting and logistics. Especially travel restrictions into Ontario impacted the business, the company says. "However, with a growing local network of contractors, Panther was able to progress work across the Canadian projects," it adds. Noting the rising gold price, the firm sees itself in a strong position.

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