Panther Metals PLC Drilling Commenced at Coglia Nickel-Cobalt Project
16 Diciembre 2021 - 01:00AM
RNS Non-Regulatory
TIDMPALM
Panther Metals PLC
16 December 2021
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FOR IMMEDIATE RELEASE
PANTHER METALS PLC
("Panther" or the "Company")
(Incorporated in the Isle of Man with company number
009753V)
16 December 2021
Resource Drilling Commenced At The Coglia Nickel-Cobalt
Project
Panther Metals PLC (LSE:PALM) the company focused on mineral
exploration in Canada, is pleased to note the announcement made by
Panther Metals Limited (ASX:PNT) today, in regard to the
commencement of a 6,000 metre reverse circulation infill drilling
programme with the objective of defining a maiden Mineral Resource
Estimate at their Coglia Nickel-Cobalt Project in Western
Australia.
Panther Metals Plc holds 36.6% of the issued share capital of
Panther Metals Limited.
Darren Hazelwood, Chief Executive Officer, commented:
"Divesting Panther's Australian assets to provide the capital
for an extensive programme of exploration and Mineral Resource
definition drilling is reaping immediate benefit as the team go to
work via the drill-bit.
Today marks the start of a comprehensively planned two-year work
programme that aims to convert existing nickel, cobalt and gold
prospects into JORC (2012) compliant Mineral Resources or
Exploration Targets, providing the opportunity for a substantial
uplift to shareholder value.
The 6,000m drilling programme, which is scheduled for completion
in early February 2022, is designed to provide the necessary
information to establish a maiden Ni-Co Mineral Resource Estimate
for Coglia whilst also providing the necessary material for future
metallurgical test-work studies.
On completion of the drilling at Coglia, the plan is to
immediately commence drilling at the Eight Foot Well Gold Project,
so Panther looks forward to an exciting flow of news to the market
in the new year."
Panther Metals Limited Summary
Panther Metals Limited is an Australian Securities Exchange
("ASX") listed, Australia focussed, Nickel-Cobalt and Gold explorer
with drill-ready targets across the five projects in the mining
district of Laverton, Western Australia and two in the Northern
Territory. Panther Metals Plc holds 36.6% of the issued share
capital of Panther Metals Limited.
Today's Panther Metals Ltd ASX news release, with accompanying
detail, figures and plans, is available to read at the following
link : https://www.panthermetals.com.au/asx-announcement
For further information please contact:
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
Broker:
SI Capital Limited
Nick Emerson +44(0) 1438 416 500
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