Panther Metals PLC - Addition to Holdings Around Merolia Gold Project
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PANTHER METALS PLC
(Incorporated in the
Panther Metals Adds to Holdings Around the Merolia Gold Project
Panther Metals PLC (LSE:PALM) ("Panther" or the "Company"), the company focused on mineral exploration in
· Panther to acquire tenements E38/3384, E38/3527, E38/3526, E38/3553, and E38/3555 which are to be integrated in to the Merolia Gold Project, with which they are largely contiguous.
· Cash payment of
· The option agreement expires on 31st
· Commercial terms for Panther Metals Plc, via its 100% owned subsidiary Panther Metals Pty Ltd, to purchase the licenses are to be negotiated during this period.
· Panther has full access to the licence areas, and can expedite work at its own cost, during the exclusivity period.
"Securing this ground, part of which contains the continuation of the Comet Well gold trend, as Panther Metals moves from explorer to building a resource in
We have now combined an area containing outcropping gold mineralisation with a largely unexplored, but highly prospective, land package covering a total of 290km2 which we believe offers extensive gold exploration potential in one of the most highly regarded locations in the world."
Panther Metals PLC:
+44(0) 7971 957 685
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
SI Capital Limited
Nick Emerson +44(0) 1438 416 500
Peterhouse Capital Limited
Guy Miller and Duncan Vasey +44(0) 20 7469 0930
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