Member Info for Cebo-456

Fully funded for the drilling. Heading back to 1.2 before spud news. Happy dayz

What the RNS fails to say is how they propose to pay for the New Road.

7:00 AM 32nd!!! Apr 2026 😉🤔

RNS Number : +400M$

Panther Metals PLC

("Panther" or the "Company")

Winston Tailings Project: Maiden MRE & Preliminary Economic Assessment

Panther Metals PLC (LSE: PALM) is pleased to announce a maiden Mineral Resource Estimate ("MRE") and updated project economics for the Winston Tailings Project in Ontario, Canada.

Table 1: Winston Tailings MRE & Asset Valuation (April 2026 Spot Prices)

Metal Head Grade Recovery % Recov. Grade Recov. Value (US$/t)

Gold (Au) 0.81 g/t 85% 0.69 g/t $106.62

Gallium (Ga) 122 ppm 70% 85.4 ppm $191.87

Silver (Ag) 21.9 g/t 80% 17.5 g/t $44.36

Zinc (Zn) 2.20% 60% 1.32% $45.36

Copper (Cu) 0.20% 60% 0.12% $15.50

Cobalt (Co) 496 ppm 60% 297 ppm $8.47

TOTAL $412.18

Recoverable values based on 3.1Mt resource. Prices as of April 18, 2026.

Project Economics & Corporate Outlook

Exceptional Margins: Target OPEX of US$45 per tonne, demonstrating a pre-tax operating margin of US$367.18 per tonne.

Capital Efficiency: Estimated initial CAPEX of US$40 Million for modular plant construction.

Dotted Lake Magnesium: Metallurgical testing is currently underway to determine the leachability and purity of Magnesium (Mg) concentrations identified in recent soil and rock sampling. The Company views Dotted Lake as a high-potential source of critical minerals required for the green energy transition.

Darren Hazelwood, Chief Executive Officer, commented:

"The economics of the Winston Tailings project are world-class. To have a recoverable value exceeding US$410 per tonne against an OPEX of just US$35 is a testament to the untapped value within these historic sites.

"Beyond Winston, we are entering a period of high-impact news flow. I look forward to providing updates on the Wishbone drilling and the Magnesium (Mg) testing at Dotted Lake, where we are working to unlock a potentially massive critical mineral footprint. Furthermore, our imminent Canadian listing remains a priority; it is the logical step to connect our North American assets with a market that deeply understands the value of critical minerals and tailings rehabilitation." - In short I am feck#!n chuffed to bits 😄

Canadian Listing Disclaimer

The Company’s proposed listing on the Canadian Securities Exchange (CSE) is subject to standard regulatory approvals and the fulfillment of listing requirements. Further updates regarding the timeline and ticker symbol will be provided in due course.

Enquiries:

Panther Metals PLC | Darren Hazelwood (CEO) | +44(0) 1442 xxxxx

SI Capital Limited | Nick Emerson | +44(0) 1483 xxxxxxx

All the signs are aligning. The overhang churn is complete or very close. The MMs know this and have shortened the real spread 39.5/41. The company must be getting close to getting the drilling permits - then its all systems go to get the drill bit turning right - and some initial photo's of the core's. This should be 1.6 - 2 in the next few weeks.

Should be

BCB - No mining is a "walk in the park" - but tailings processing is as close as you get relative to traditional mining

With the Winston tailings there is no Crushing or Grinding Required, In traditional mining, crushing and grinding ore to liberate minerals accounts for roughly 30-50% of total operating costs. Tailings are already "pre-processed" into a fine-grained state from original operations, eliminating this stage.

Existing Infrastructure is a huge bonus, the Winston site specifically benefits from being a brownfield asset with existing road access, grid power, water treatment facilities, and an actively maintained storage facility and fencing to keep out undesirables that Uncle Donald would be proud of.

Faster Path to Revenue at Winston - Reprocessing often has a shorter development timeline compared to the 10–20 years often required for a new "greenfield" mine. Wiston could be cash generative within 18 months.

Now this may not be a popular opinion amongst shareholders here - but I do wonder if the Company will accept an offer for Winston post-MRE. $50-100m may be enough, and would fully fund them going after the VMS $billion prizes @ Obonga & possibly Dotted.

Oh dear, Bitcoinbuyer has got it right - whilst Trxys * have it wrong Traxys is a massive player in the global metals and minerals market with a $10billion + annual turnover. Their nvolvement with Panther Metals acts as a major institutional "seal of approval" for the Winston Tailings project. Who should I take notice of - some idiot on here with a history of calling it wrong - or Traxys 🤔🤔🤔

In fact, the Winston Lake tailings are looking like a serious winner, in my opinion. We’re seeing the kind of grade consistency that builds a massive MRE, and once you factor in the Gallium, we could be looking at a recoverable value up to $500m. The metallurgical results will soon pin down the final Capex/Opex, but since the infrastructure is already there, we're likely looking at a lean $30-50m build. The Traxys LOI proves the big players see the same value we do—the numbers absolutely work.

And that’s just the starter. Panther still has the massive upside at Wishbone, plus that high-grade Magnesium play at Dotted Lake (test results on recoverable grades due any day). Both could each potentially be $billion plays.

Or wait till they announce a discounted raise to pay for the road or to explore the Silver licence.

Stinks of the ussual suspects - issue new shares and warrants for worthless licences. Forward sell the shares received for the option to explore , pump up the potential, receive more shares for the licence and go again.

Someone posted on the Ausie HotCopper Chat forums and has been repeated on the Telegram & ASDF forums - saying to "look at the 03rd March 2021 RNS - read the transactional details to see the benificieries" - "they have nearly cut and paste the same silver scam RNS 5 years later" - they havent even been very inventive, knowing that mug punters will be clutching at straws.

Wishbone may well end up in GGP fold in the not too distant future. Wishbone is low grade (still higher than Telfer) but highly profitable with Tefer so close. No brainer if GGP can put together a deal for JV, assety sale/grab or conplete TO of Wishbone.

TC - You will not have to wait years for the answers (6 months should cover it). The drilling campaign will start late April/Early May at the latest - a few weeks after that and we will start getting an indications of what the Core's look like - the around Aug/Sep ws shiuld be expecting Assay results - if great results this moves up 400% from current SP and likely JV - if dusters then it drops 70-80% - and they need cash to drill elsewhere.

6 months and we will have the answers - either way

Correction TC. CDL do not have a CEO. If you are referring to Andrew or Tom - neither hold the CEO position - although from memory, Andy held it before they resructured last year or the year before.

So those questioning the "CEO's credentials" really do not have a clue what they are on about.

OllyC. CDL do not have a CEO. If you are referring to Andrew or Tom - neither hold the CEO position - although from memory, Andy held it before they resructured last year or the year before.

So those questioning the "CEO's credentials" really do not have a clue what they are on about.

EB. That is possible - but unless you work for Extrakt then you cannot say that with any real certainty. My revised figures after the ammended RNS are between $800m - $1b for in-situ metals. With - $560m - $700m hopefully recoverable.

20% is good - although 8.5% a day gets us to the 58p target in 2 weeks. A lot of noise on the Aussie HotCopper forum regarding Wishbone today if any one cares to have a look - which may explain all the larger £10k + buys we have seen dropping all day. Strong finish hopefully today although will settle for a steady rise next week to get us there.

Copperhands, you let greed cloud your judgment and ignored the obvious red flags because you were scared of missing the boat. Then, the moment things turned, panic took over and you bailed out thinking it was heading for zero.

You need to reset your strategy; otherwise, you’re just going to keep chasing the price, buying the tops and selling the bottoms. You’ll never take profit on the way up because you think it’ll moon forever, and you’ll never buy the dips because you’re convinced it’s failing.

Like I posted on Monday: three days of dropping to 28p the entry, and 55-58p is the target to exit.

Do not beat yourself up on this - anyone trading AIM has been there - but if you liv ve and learn you only go there once - therwise you will continue to take hits until you wash out the market.

So very predictable. Now the rise back up to 58p within a fortnight / 10 trading days.

Another drop first thing tomorrow - to spook those still holding on and get them to sell - then back up towards 45p in the afternoon - will we see Poulden or Mead give an interveiw - probably once their buddy's take a position and want to make a quick 30%. Typical AIM pattern, no chart needed.

I think that they may receive a great offer either for a JV or a sale of the tailings project. I did not say they couldn't and they could certainly bring in the expertise and contractors to make it happen. I just dont think they will.

A quick couple of hundred mill' £ banked up front - and move on to the bigger prizes at Wishbone and Dotted may be a route they go down.

It is just one option available though - the other option would be to truck other tailings to their production plant from further afield on a toll basis etc. Something they will already have looked at.

Still a potential Billion £ company in the making.

If the results were commercial and the drop was unjustified then the Board would line up a couple of interveiws to put some meat on the bones. They have't bothered and have no respect for investors. DL will soon appear and start pumping to get this back above 60p - then rinse repeat.

Ok, just recrunched the numbers - close to a billion US dollars in the tailings on todays averagr grades. Recovery across all metalls likely 70%++. Capex $40m (grants likely for a large chunk of that) leaving $650m in hard cash minus Opex and taxes.

Lets be realistic though - Panther will not progress this to production. A JV will come into play after the full MRE is releases or a complete sale of the Winston Tailings project - possibly in the region of $200m+.

This leaves panther free to go after the big prizes - Wishbone and Dotted lake - both could be multi billion Tier 1 assets. Watch this space