Panther Metals PLC - company focused on mineral exploration in Canada - Says it has submitted a comprehensive exploration and drill permit application for the Dotted Lake property in Ontario, Canada. The permit covers covers 57 claim cells on the north and northwest side of the 100% owned property. Adds that the area is considered very prospective for ultramafic intrusive related nickel and base metal mineralisation.
Chief Executive Officer Darren Hazelwood says: "The underlying strength of our portfolio means we aren't actively seeking further opportunities, but we remain nimble and open minded. Our direction of travel over the next 12-15 months looks astonishing as we take advantage of the structure we have built."
Current stock price: 4.00 pence
12-month change: down 46%
By Holly Beveridge, Alliance News reporter
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Panther Metals (PALM)