Member Info for mickey1122

Got some very tasty grades . PAT has so many projects , right time to be in gold for sure.

The presentation is a must read as it puts the opportunity into prospective . Strong Buy .

Much going on here , no wonder it’s caught the markets eye , this is cheap as it comes imo

https://www.rns-pdf.londonstockexchange.com/rns/1452Z_1-2020-9-16.pdf

October 2020



Panthera Resources Plc

("Panthera" or "the Company")



Bido Licence Award



Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in West Africa and India, is pleased to announce that it has successfully secured its interest in the Bido PRM (formerly Naton PRM) (the "Licence" or "Bido") with the support of the Ministry of Mines of Burkina Faso and the Licence's joint venture partners.



Highlights

· The 100km2 Bido Licence is located in the prolific Poura Birimian greenstone belt, Burkina Faso

· Multiple gold prospects across the Licence area including extensive historical artisanal workings

· Recently obtained historic data revealing high-grade gold drill intercepts at the Kwademen prospect including 23m @ 1.53g/t Au

· Geophysical and drilling programmes are currently being considered



A PDF version of the announcement, inclusive of images, can be found on the Company's website or by following the link below:



http://www.rns-pdf.londonstockexchange.com/rns/2095B_1-2020-10-6.pdf

www.pantheraresources.com/news/regulatory-news/



Background to the Bido Licence



The Naton PRM was due for renewal in late 2019, however, due to administrative procedural difficulties, the Arreté was not capable of renewal by our joint venture partners. Following recent discussions with the Mines Department and the Minister of Mines, a new licence has now been awarded to our joint venture partners, Messieurs Boubacar Sanou and Karime Sanou, by the Government of Burkina Faso. The new licence, Bido, has an initial term of three years and is further renewable for another two terms of three years each, with an aggregated term of nine years available to conduct exploration activities if all the applicable conditions below have been met.



Under the joint venture agreement, Panthera is earning an 80% interest in Bido following exploration expenditure of US$1 million on or before July 2022, with Messrs Boubcar Sanou and Karime Sanou holding the remaining 20% interest. Panthera has an option to increase its interest to 100% following further exploration expenditure of US$1 million on or before July 2024. As of 31 March 2020, Panthera has incurred exploration expenditure of US$0.54 million under the joint venture.



Our joint partners are also entitled to a royalty of 1% of the Net Smelter Return which is capped at $3 million.



About Bido



The 100km2 Bido Licence is located in Burkina Faso, approximately 150km West South West of the capital Ouagadougou. The Licence is within the prolific Poura Birimian greenstone belt that hosts multiple >1 million ounces ("Moz") gold deposits including Konkera (3.3Moz), Gaoua (3.4Moz), and Poura (1Moz). Also, a significant base metal deposit, Perkoa (5.5Mt @ 12% Zn), is located approximately 30 km north of the project area.



Previous exploration activity in the area by BUMIGEB (a Burkina Faso

Bassala Project
Highlights
· Entered into agreements with suppliers to commence fieldwork in early November
· Results from planned fieldwork programme due by end of December 2020
· Programme to define and rank drill targets for testing during H1 2021
· High-grade intersections from previous drilling and artisanal workings
· Located within 5-8km of Kalana (Endeavour, 4Moz) of Kodieran (Wassoul'or, 2Moz) mines

Of course market not having it , can’t give the shares away lol

BUY imo

It’s my opinion that with the Indian and African projects along with the other interests and the team we have in place makes the info below convincing for a buy.
Shares in Issue 85m
Market Capitalisation £16m

Just looking at the website , cracking portfolio and good team .

We’ve got our fingers in quite a few pies full of gold , RNSs on the way imo

“Further testing confirmed significant gold mineralisation at Bhukia as well as surrounding locations” 6m oz+ gold , multiples of current mc coming , majors will be sniffing

We are in good hands on Mark Bolton , plenty of experience internationally .

Poke- PAT is undervalued by a considerable amount . Small undervalued gold miners are where all the cash is going right now.

Looks like 30 tomorrow

Aye aye capt

Absolutely !

Very exiting little find

Hear that TT

Don’t discount drill results this week from Hav folks imo