Panther Metals PLC - Canada and Australia-focused mineral exploration company - Notes subsidiary Panther Australia will begin a second drilling campaign at Coglia nickel-cobalt project in Western Australia shortly. Drill is to grow the current 70.6 million tonne inferred mineral resource.
High-pressure acid leach metallurgical test work will be undertaken on materials from the target areas.
Also notes 20%-owned Fulcrum Metals makes progress at Schreiber-Hemlo project in Ontario.
Chief Executive Officer Darren Hazelwood says: "The team at Panther Australia have exceeded their own targets on Coglia to date, and I expect them to deliver for Panther Metals Plc once again."
Commenting on Fulcrum, Hazelwood adds: "We are very pleased to see that Fulcrum Metals are committed to continuing their concerted exploration and discovery effort across their exciting project portfolio, and we look forward to their progress updates over the coming weeks and months."
Current stock price: 3.50 pence, up 6.1%
12-month change: down 61%
By Sabrina Penty; Alliance News reporter
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Panther Metals (PALM)