Member Info for JP2000

Fulcrum are 3-6 months ahead with tailings development, MRE is overdue so it’s worth keeping a close eye on. Panther will have MRE likely back end of Apr & will hopefully list in Canada same time. Fulcrum is gold, Panther gold & gallium. Fulcrum has more tailings, Panther is much further ahead on exploration. The comment about focus/plan/BTC had some validity last few years but sea change last 6 months, I’d say DH is extremely focussed and most of the large holders on Telegram are happy with direction.

Important to have offtakes/lender involvement at a very early stage so that when MRE and metallurgical work conducted, it meets their requirements.

Don't recall a specific meterage being stated for Obonga/Wishbone but they do need to drill c5,900m by Sept & they have maybe £1m to fund some of it.

Https://t.co/hLzxYhMfnx

Have a feeling this link gets blocked by LSE, if so then go to the site & search for : #PALM PantherMetals Research Group

Great post keep it up.

FYI most of the major shareholders are on Telegram, search for Panther Metals & you should find it

Levi: Panther were looking for Nickle massive sulphides as per Tyko but only had cash for 5 drills, found 0.2% Ni and a further 0.1% Ni equiv of Chrome. DH pulled a fast one to say they had c2% Ni equiv by including Mg when other local explorers also found Mg but excluded on basis it was uncommercial due to Chinese production. IMO they will find high grade Ni, just a case of more drills required. Panther’s website for DL doesn’t mention Mg because the Canadian lawyers will have told DH not to post misleading information. Truth be told I’d rather Panther didn’t spend cash on fishing trips, but if they found lizardite‑rich serpentinite & Extrakt have a commercially viable process then it might constitute a commercial discovery, that said I’d rather Panther found 2% Ni rather than 2% Ni Equiv. At this point I’m not expecting the Mg to be commercial.

Sure but that strategy fell over in Sept/Oct & always looked wrong. It was never free money as required securitisation of Pick Lake/Winston.

Its back to more traditional equity funding for what in essence is BAU spend the only questions were UK or Ca (flow through). CAPEX for Winston is likely from offtakes/debt.

SFH300: complete nonsense. Fund raising was always going to be needed to advance Obonga (6000m of drilling before Aug), & for MRE/ prelims on Winston. It was suggested that raise would be in Canada rather than London & post MRE. Not surprised they raised but was expecting on the back of progress rather than before drilling Winston.

The CSE listing is intended to be just a listing otherwise they'd need to issue a prospectus. Don't know the real reasons behind the raise but there had better not be major issues with Winston.

Could it be they've mobilised to site, prepared ground, transported drill kit , and are now conducting testing before full scale drilling?

I've read some comments on the boards thinking this is easy, routine & straight forward...its not.....& if it were that easy wouldn't every other sulphide tailings have been drilled & in production, whereas very few examples (if any) available.

That said, market is due a comprehensive operational update.

1) Delayed trades (also happened Thu & Fri),

2) No RNS

3) Gold bubble bursts.

Mainly due to 1 & a seller

Also due an updated NPV calculation

I agree, the slightest piece of good news & it will clear 100p. Its been a pain waiting for the cold weather but currently -20 to -30. There's the odd post on X so hopefully the drillers mobilise today, then assay results 1-2 months & MRE in c3 months time. News also expected on the CSE listing which should add another dynamic to the share price, will take 1-2 months once they submit the application.

Assay results & MRE can't be far away.

Drilling RNS Monday?

Share price doing well last few days.

You were talking about selling up at one stage, did you go ahead or are you still holding?

DH is delighted

Very surprised nobody (pundits or PIs) tipped this for 2026. MRE incoming will be a major driver, nothing factored in for Gallium.

It was a phased deal agreed last Aug at pre-determined price. The narrative they paid a large premium because they were desperate to get the shares is rubbish, had the share price been 1.5p, then people would have whined the drawdown at 1p was a large discount. Not hearing much progress on the processing plant & mine development.