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Share Name Share Symbol Market Type Share ISIN Share Description
Panther Metals Plc LSE:PALM London Ordinary Share IM00BKDM2T52 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 11.75 11.50 12.00 11.75 11.75 11.75 168,086 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.7 -1.3 - 7

Panther Metals PLC Further Tenement Acquisitions

07/06/2021 9:02am

RNS Non-Regulatory


TIDMPALM

Panther Metals PLC

07 June 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 
 FOR IMMEDIATE RELEASE 
 

PANTHER METALS PLC

(Incorporated in the Isle of Man with company number 009753V)

7(th) June 2021

Further Tenement Acquisitions at Red Flag Nickel-Cobalt Project

Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada and Australia, is pleased to announce the application for two further exploration tenements, E39/2249 and E39/2250 , as part of an expansion program for our Red Flag Nickel-Cobalt Project. Situated in the prolific nickel-cobalt belt 25km west of Laverton, the Red Flag project lies between the historic Windarra South mine and the Glencore owned Murrin Murrin nickel cobalt plant, that last year reported production of 36,400 tonnes of nickel and 2,900 tonnes of cobalt.

Darren Hazelwood, Chief Executive Officer, commented:

"Through further investigation our local team were able to identify an opportunity to peg two more exploration leases in the Red Flag area. The leases appear to cover a potential trend starting at the Windarra South mine that extends northwest to the Woodline Well prospect, which is currently reporting 0.34Mt @ 1.25%Ni and held by Poseidon Nickel as part of their greater Mt Windarra area.

These two leases are an exciting addition to our Red Flag project. While owned by WMC, Windarra South produced 3.17Mt @ 1.35% Ni (42,646t nickel) over the life of mine in both open pit and underground operations. Not to mention the prime location; Laverton lies just 25km to the east and the Murrin Murrin Operations 25km to the south-west, both easily accessible via the Leonora-Laverton highway."

Panther Metals PLC:

   Darren Hazelwood, Chief Executive Officer:            +44(0) 1462 429 743 

+44(0) 7971 957 685

   Mitchell Smith, Chief Operating Officer:                   +1(604) 209 6678 

Brokers:

SI Capital Limited

   Nick Emerson                                                           +44(0) 1438 416 500 

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END

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June 07, 2021 04:02 ET (08:02 GMT)

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