RE: Arbitration process timelines2 Apr 2025 08:44
Panthera also noted that the Geological Survey of India (GSI) has reported a mineral resource of 7.15 Moz of gold for Bhukia with a calculated inground value of US$16.7 billion based on the closing gold price of US$2,329/ounce on 24 June 2024.
“From the results of its earlier work at Bhukia, coupled with the evaluation of the subsequent GSI reports, the company believes that the mineral resource potential of Bhukia significantly exceeds that reported by the GSI,” said Panthera’s statement.