Member Info for stephen_pearce

I put together a 1 page summary of what Panther has going on at the moment....

Quite astonishing the potential of those tailings at Winston!

https://x.com/spearce999/status/1952036341836886430

WInston Tailings Pond

3.4mt mined @ 1% Cu, 16% Zinc + 50k Oz Gold suggests 578,000 t of metal removed = 2.82mt of tailings remaining.

@ 1 g/t Gold = 99,000 Oz = $327m

@ 1.5 g/t Gold = 149,000 Oz = $492m

@ 2.0 g/t Gold = 199,000 Oz = £657m

Good show of faith by Darren.

It's phenomenal how much money is sloshing around this space now. £41m and on Aquis exchange too!

The share price was 38p...

Since then, we've secured a binding option on Winston, announced the Bitcoin Treasury plan, AND bought Bitcoin.

Today, we are pretty much 100% up.

Yes, as resource investors, we're not used to the crypto crowd/ volume/ volatility. But lets see how it plays out over some time eh.

Weird sometimes, isn't it.

Panther appears to be tracking the same up & downs as other bitcoin treasury stocks.

1st Bitcoin purchased!!

"Panther is no longer just participating in the market - we are redefining what a modern resource company can be."

Any money received from warrant exercise will go into the pot for buying Bitcoin, and reduce the capital raise requirements

We should see more & more of these hopefully

I don't know what Vinanz are doing with their Bitcoin, but yeah, Panther aims to buy £4m of Bitcoin

Exploration funding is most likely via Canadian premium flowthrough scheme.

Flowthrough can only be used for exploration I believe.

Panther will still forge ahead with it's plans for dual listing in Canada.

Panther's Bitcoin Treasury funding strategy-

Panther will own the Winston High grade project AND £4m in Bitcoin by leveraging the 2.

The mining sector has lost investors to crypto, this is an awesome solution to meld the 2 communities

The Chairman hasn't "sold" shares, he's done a bed & ISA trade.

Basically moved shares into a tax free account. It's what all the smart folk do.

PANTHER METALS - BITCOIN TREASURY

I’m not going to ramble on too much, but I want to sincerely thank the board for their support and efforts in getting everything in place for today’s announcement. Not only have we revealed how we’ll fund the purchase of the Pick Lake option, but we we have also introduced a new way to fund asset purchases within the resource space, creating a true hedge between two distinct asset classes.

We needed the option in place on the Pick Lake deposit before showing our hand. As I’ve mentioned before, I have genuine concerns about the fiat system. Being able to build a business backed by valuable real-world assets priced in fiat, while offering a digital currency hedge that enables value transfer into those asset is amazing.

We have a fully functioning Bitcoin treasury and advisors to help navigate the space and a main London listing enables people globally to trade our stock. We also have a regulatory edge due to our company registration in the Isle of Man.

Some of you will quickly grasp how this accelerates our growth; for others it may take longer. However as the penny drops, it will become clear this is a game-changing move.

Have a great week.

Cheers,

Darren Hazelwood | Chief Executive Officer

There isn't a price, yet.

There will be a prospectus issued with all the details on there.

So can't be any forward selling or dodgy shenanigans

Https://x.com/StockBoxMedia/status/1937035392563429716

It's an awesome idea, there's a HUGE mania around Bitcoin treasury etc at the moment.

May as well leverage Winston & Bitcoin

Jimmy

Remember the 2 options are with 2 different companies, for 2 different parts of the project.

The A$2.75m is for the Pick Lake deposit, October this year

The L/C $4m is for the exiting Winston mine, but the modest C$100k 12 month option fee, extendable for 4 years at C$50k PA, allows Panther to do all the work need, without having to take on the LC for 4 years. There's literally no point in taking that on until they need to.

Main cost is A$2.75m Aussie Dollar by 15 October 2025, which is my assumption will come via dual listing in Canada

See Twiter posts from Darren this morning

It's in the Feasibility Study report that I posted earlier in the week.

It's a standout from the 400 pages - 50k recovered at 30% - basic math used of course, bit that un recovered gold can only be in the tailings

The potential for substantial gold in tailings is real, very real.

50,000 Oz of Gold recovered, at an approx 30% recovery rate, suggests the 50,000 Oz came from 165,000 Oz of mined gold.

Which suggests 115,000 Oz of Gold in the tailings.

That in todays money is $391 million of gold in the tailings (potentially)

Panther appoint Julien Bosche to the advisory board.

Seems the company is moving up a couple of gears, can only assume Panther is going on a growth spurt