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Panthera Resources PLC

Panthera Resources - Interim Results - 30 September 2020

RNS Number : 9786I
Panthera Resources PLC
17 December 2020
 

17 December 2020

 

Panthera Resources PLC

(Panthera or the Company)

 

Interim Results - Six months ended 30 September 2020

 

Panthera Resources PLC (AIM: PAT), the gold exploration and development company with key assets in West Africa and India, is pleased to announce its unaudited interim results for the half year ended 30 September 2020.

 

Highlights

·           Earnings for the reporting period of $2,224,437 or $0.03 per share, a substantial improvement on the previous corresponding period loss of $659,348 or $0.01 per share.  The improvement resulted from the divestment of the Company's interest in the Labola project to Moydow Holdings Limited (Moydow).

·           Entered an agreement with Moydow to spinout our interests in the Labola gold project in south west Burkina Faso and the Kalaka gold project in south west Mali, whilst retaining a significant interest in Moydow.

·           Acquired an interest, via Moydow, in the Paimasa and Dagma projects in Nigeria.

·           Anglo Saxony Mining Limited, in which Panthera retains a 14.2% shareholding, completed a pre-feasibility study of Tellerhäuser Polymetallic Project, in Germany, and was granted a Mining Licence for 50 years.

·           Entered into a new term sheet which extends the partnership with Galaxy Gold Mines Pvt Limited (Galaxy), to 16 December 2020.

·           Continued to pursue the grant of the Prospecting Licence over the Bhukia project through both commercial resolution and the legal proceedings ongoing in the High Court of Rajasthan (Court). 

·           Arranged an equity financing with existing and new investors for £349,390.

·           Appointed a new Managing Director, Mark Bolton effective from 1 April 2020.

 

Events Post Balance Date

·           Recommenced field programmes in West Africa including at the Bassala, Bido, Kalaka and Paimasa projects.

·           Successfully retained Panthera's interest in the Bido PRM (formerly called Naton) with the support of the Ministry of Mines of Burkina Faso and our joint venture partner.

·           Amended the term sheet which extends the partnership with Galaxy to 30 April 2021.

·           Received cash proceeds of US$190,000 as part consideration pursuant to the agreement with Moydow.

·           Received proceeds of £96,078 from the conversion of 1,438,289 unlisted warrants at £0.0668 per warrant. 

·           The Company has received commitments for the conversion of a further 2,137,990 warrants for £142,818 on or before 15 January 2021.

 

Mark Bolton, Managing Director of Panthera Resources, commented:

 

"The year to date has represented a transformational phase for the Company which has culminated in a milestone transaction with Moydow to spin-out key projects and introduce new assets.  Importantly, we have reignited our work programmes focused on developing the inherent value of our West African assets. The outcome of all this assiduous work has provided Panthera with a clear path for high growth and a re-energised base for shareholder and investor  support, from  which we can now proceed into another busy year in 2021.

 

Furthermore, I am delighted to advise that we will shortly start to see the results of our accelerated activity commenced across a number of projects in recent months.  We have soil sampling  and geophysical programmes underway at Bido and Bassala, to rank drill targets ahead of drilling programmes at each licence in H1 2021. At Paimasa, the drill rods are already turning, and we eagerly await these results in the New Year.  Our most advanced project, Labola, a comprehensive data review is underway  which is anticipated to underpin the reporting of a  maiden mineral resource estimate in 2021.

 

As we reflect back on the tremendous progress made over the course of the reporting period, I would like to thank our Panthera team for all their hard work and our shareholders for their continued support. I look forward to reporting further progress in the coming year."

 

Project Activities

 

Work has recommenced in the field at several projects following an extended hiatus.

 

Bassala Project (Mali)

A geophysical survey comprising ground magnetics has been completed with the results expected shortly.  In addition, a soil geochemical survey comprising 1,096 samples is currently underway.  This survey will extend the existing sampling to the northeast, west and south. 

 

This work is designed to firm up targets for drill testing during the first half of 2021.

 

Kalaka Project (Mali)

A programme of approximately 168 line kilometres of gradient array IP surveying is currently being undertaken.  The programme is designed to test the southern area of the licence, where the majority of known gold anomalism occurs.  The survey includes two large areas of historical artisanal mining activity that have not previously been drill tested, several gold-in-soil geochemical anomalies, gold mineralisation intersected in previous drilling, and structural targets in areas where it is interpreted that soil geochemistry is ineffective.  The survey is anticipated to be completed early in the New Year.

 

Previous gradient array IP surveying at the large, low grade K1A target has shown a very close correlation between gold mineralisation and chargeability highs with associated low order resistivity highs.  This is interpreted as being due to the sulphidic alteration (pyrite, arsenopyrite) and silicification respectively.  Hence this is considered to be an excellent tool for both pure exploration in areas where soil geochemistry is ineffective as well as for ranking drill targets.

 

The Kalaka project is currently subject to an offer to purchase from Moydow with completion anticipated to be on or before 31 December 2020.

 

Bido (Burkina Faso)

The Bido project, previously referred to as the Naton Project and comprising the exact same area as the latter, was granted in October 2020 with the support of the Ministry of Mines of Burkina Faso and our joint venture partner.

 

Subsequent to the grant of the Licence, a regional gold-in-soil sampling programme has commenced with the south-central area currently being sampled on 200m x 50m spacing.  The results of the sampling programme are anticipated early in 2021.

 

While conducting a preliminary site visit to plan for the soil sampling programme, it was noted that a "gold-rush" had commenced in the centre of the area proposed for sampling, with several hundred artisanal miners concentrating on an area of about 170m x 170m (Tiekouyou Rush).  The miners are currently obtaining gold from eluvium, quartz veins and altered host rock consisting of dolerite, diorite and metavolcanics. 

 

In addition, during this recent site visit, an area of quartz veining was identified in the northeast of the planned survey area (Beredo Target).  The zone appears to extend in a north-northeast direction trending from the area of proposed soil sampling.  In light of this, a re-evaluation of the Beredo area, immediately to the north of the proposed sampling area, was undertaken.  It is apparent that numerous rock chip samples have returned significant gold mineralisation, with twenty-eight of sixty samples assaying over 0.5g/t Au (average 4.7g/t Au) with some very high grades returned including 17.3g/t, 11.1g/t, 8.91g/t, 8.38g/t and 8.21g/t Au.  These are generally from quartz veins with evidence of boxworks after sulphides and tourmaline alteration.  Significantly, several of these have not been targeted by artisanal miners to date.

 

As part of a general re-evaluation of the entire area, the previous drilling undertaken at the Kwademen prospect has also been re-examined.  It is apparent that the previous drilling was very broadly spaced (~200m to 300m line spacing) and perhaps inaccurately located, nevertheless still returned significant gold mineralisation including:

·           16m @ 1.07g/t Au from 69m

·           10.4m @ 2.14g/t Au from 191m

·           23m @ 1.53g/t Au from 143m

·           2.25m @ 7.74g/t Au from 155.8m

·           1.45m @ 16.0g/t Au from 52m

·           1m @ 40.0g/t Au from 90m

 

It is apparent that this was targeting an area to the west of the main soil anomaly defined by Panthera's previous soil sampling.  This anomaly is also the focus of intense artisanal workings and is thus considered to be an excellent, poorly tested drill target.

 

The ongoing work programmes aim to define and rank drill targets for a drilling campaign that is expected to commence in the first half of 2021. This is in addition to other potential drill targets which have already been identified at the Bido Project including Somika Hill and Kwademen South.

 

Labola (Burkina Faso)

During the 2020 calendar year, activities have focused on obtaining and evaluating the extensive historical exploration records.  In this regard, a large database has recently been acquired from Nordgold by Moydow that compliments the previously held data.

 

This is being combined into a single validated Access database that will comprise over 65,000m drilling plus a large database of soil and rock chips samples.  In addition, excellent regolith mapping, magnetics, EM, IP, Lidar, orthophoto and satellite data has been obtained.

 

The objective is to complete a gap analysis of the required activities to be undertaken prior to the estimation of a mineral resource to international standards.  Some confirmatory drilling may likely be required during 2021 to fulfil QaQc requirements.

 

This project has recently been acquired by an associated company, Moydow.

 

Paimasa (Nigeria)

The Paimasa Project is one of two projects being explored by Panthera's associated company, Moydow.  Paimasa is located within schist belts of interpreted Pan African age within the Archaean/Proterozoic basement of central Nigeria.  The areas of interest contain numerous quartz veins that have been, or are currently being, worked for gold by artisanal miners.

 

Moydow is currently on site at Paimasa with both a diamond (DD) and a reverse circulation (RC) drill rig and has just started a programme of 300m DD and 1250m RC drilling in 17 drill-holes.  First results are expected early 2021.

 

Nigeria is considered to be a frontier region for gold exploration and a recent gold discovery by TSX-V listed Thor Explorations Ltd proves that significant gold mineralisation does exist within the Nigerian schist belts.

 

Bhukia Project (India)

In collaboration with its strategic partner in India, Galaxy, the Company continued its efforts to negotiate an amicable outcome with the Government of Rajasthan (GoR). In parallel, the Company has continued to seek the enforcements of its rights through the High Court of Rajasthan.  Up until Covid-19, the Company had made encouraging progress in its discussions with the GoR. However, with the onset of Covid-19, the Company's momentum stalled while India grapples with the high rates of virus transmission.  In recent weeks, the Courts have resumed, primarily by video. While a new court date has been scheduled for early next year, there is no certainty that the case will be heard, and it may subsequently be rescheduled. The Company will update the market of any material developments in India as they occur. 

 

In the interim, the Company continues to preserve its interests through the interim stay order in our favour by the Hon'ble High Court of Rajasthan (September 2018). The order restrains the GoR from granting third party rights within the area applied for by the JV under the PL application.

 

Anglo Saxony Mining Limited

Anglo Saxony Mining Limited (ASM) owns the Tellerhäuser Polymetallic Project (Tellerhäuser) in Germany.  During the half year, ASM completed a pre-feasibility study on a conceptual underground mining operation and processing plant to produce tin and associated metals including zinc, indium, and magnetite.  Furthermore, the Upper Saxony Mining Authority has now granted a 50-year mining licence to ASM for the Rittersgrün field. 

 

ASM completed a financing for a total £281,000 at 8p per share supported by ASM's shareholders including the Baker Steel Resources Trust.  Panthera holds 9,778,413 million shares in ASM comprising 14.2% of the issued capital in ASM.

 

The German corporate advisor, Deutsche Gesellschaft für Wertpapieranalyse GmbH (DGWA) has been appointed by ASM to act as their lead financial advisor in Germany.  DGWA has extensive experience in the mining sector, having advised on IPO's on the Frankfurt Stock Exchange and raised funds for numerous mining ventures (predominately in Europe) including European Metals Cinovec Lithium/Tin project nearby in the neighbouring Czech Republic.

 

Moydow Transaction

 

In July, Panthera announce the planned spin-out of its interests in the Labola and Kalaka gold projects to Moydow with Panthera retaining a substantial interest in Moydow.  The disposal of Labola was completed in August however the divestment of the Kalaka gold project to Moydow has been delayed and is now anticipated to be completed later in December.

 

Mowdow has subsequently completed an equity financing of US$1 million to progress its exploration activities in West Africa.  This is in addition to the US$1.5 million equity investment by existing Moydow shareholders comprising cash and drilling services.

 

Panthera holds a significant ownership interest of 41.7% in Moydow which increases to 46.2% later in December upon completion of the Kalaka divestment.  This also provides Panthera with ongoing participation in any success from the projects held by Moydow in Nigeria, including Dagma and Paimasa.

 

Funding

 

Based on current expenditure levels and taking into account the committed funding from Moydow and the warrant exercise due shortly, all funds will be used within the next 6 months. The group's ability to continue as a going concern is dependent upon raising additional capital.

 

Panthera Resources PLC

 

Unaudited Interim Financial Information for the period ended 30 September 2020

 

Set out below are the unaudited result of the group for the six months to 30 September 2020.

 

Group Statement of comprehensive income

 

 

For the six months ended 30 September 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months to 30 September 2020

Six months to 30 September 2019

  

 

 

Unaudited $USD

Unaudited $USD

Continuing operations

 

 

 

 

 

Revenue

 

 

-

                               - 

Gross profit

 

 

 -

                               - 

Other Income

 

 

 13,476

                     28,697

Exploration costs expensed

 

 

(225,415)

(289,934)

Administrative expenses

 

 

(348,392)

(397,724)

Loss from operations

 

 

(560,331)

(658,961)

Investment revenues

 

 

 10

 607

Loss on sale of assets

 

 

 (1,072)

 

Loss before taxation

 

 

(561,393)

(658,354)

Taxation

 

 

 -

                               - 

Other comprehensive income

 

 

 

 

Items that may be reclassified to profit or loss:

 

 

 

 

Changes in the fair value of financial assets measured at FVOCI

 

 -

 1,316

Gain on sale to non-controlling interest

 

 

 2,790,000

 -

Exchange differences

 

 

 (4,170)

 (2,310)

Loss and total comprehensive income for the period

 

 2,224,437

(659,348)

Total loss for the period attributable to:

 

 

 

 

- Owners of the Parent Company

 

 

(539,832)

(637,744)

- Non-controlling interest

 

 

 (21,561)

 (20,610)

 

 

 

(561,393)

(658,354)

Total comprehensive income for the period attributable to:

 

 

 

- Owners of the Parent Company

 

 

 2,245,998

(638,738)

- Non controlling interest

 

 

 (21,561)

 (20,610)

 

 

 

 2,224,437

(659,348)

Earnings per share attributable to the owners of the parent

 

 

 

Comprehensive income (undiluted/diluted)

 

 

 0.03

 (0.01)

 

 

Group Statement of financial position

 

 

 

As at 30 September 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 30 September 2020

 30 September 2019

 

 

 

 

Unaudited $USD

Unaudited $USD

Non-current assets

 

 

 

 

Property, plant and equipment

 

 

 1,642

 4,275

Investments

 

 

 7,170

 6,747

Financial assets at fair value through other comprehensive income

 

 3,408,418

 1,760,635

 

 

 

 

 

 3,417,230

 1,771,657

Current assets

 

 

 

 

Trade and other receivables

 

 

274,450

171,454

Cash and cash equivalents

 

 

115,978

381,847

 

 

 

390,428

553,301

Total assets

 

 

 3,807,658

 2,324,958

Non-current liabilities

 

 

 

 

Provisions

 

 

 35,323

 42,923

Deferred tax liabilities

 

 

 -

 -

 

 

 

 35,323

 42,923

Current liabilities

 

 

 

 

Provisions

 

 

 8,704

 6,019

Trade and other payables

 

 

358,231

185,883

Total liabilities

 

 

402,258

234,825

Net assets

 

 

 3,405,400

 2,090,133

Equity

 

 

 

 

Share capital

 

 

 1,131,033

 1,007,056

Share premium

 

 

18,355,853

18,010,161

Capital reorganisation reserve

 

 

537,757

537,757

Other reserves

 

 

 (1,134,888)

(227,875)

Retained earnings

 

 

(15,194,579)

(16,991,030)

Total equity attributable to owners of the parent

 

 

 3,695,176

 2,336,069

Non-controlling interest

 

 

(289,776)

(245,936)

Total equity

 

 

 3,405,400

 2,090,133

 

 

Group Statement of changes of equity

 

 

 

 

 

 

For the six months ended 30 September 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share Capital

Share premium account

Capital re-organisation reserve

Other reserves

Retained earnings

Total equity

Non-controlling interest

Total

 

Unaudited $USD

Unaudited $USD

Unaudited $USD

Unaudited $USD

Unaudited $USD

Unaudited $USD

Unaudited $USD

Unaudited $USD

Balance at 1 April 2019

 913,588

 17,373,601

 537,757

 (115,997)

 (16,352,292)

 2,356,657

 (225,326)

 2,131,331

Loss for the period

 

 

 

 

 (637,744)

 (637,744)

 (20,610)

 (658,354)

Changes in the fair value of available-for-sale financial assets

 

 

 

 

1,316

1,316

 

1,316

Foreign exchange differences realised during the period

 

 

 

 

(2,310)

(2,310)

 

(2,310)

Total comprehensive income for the period

 -

 -

 -

 -

 (638,738)

 (638,738)

 (20,610)

 (659,348)

Share application moneys received

 61,450

 553,050

 

 -

 

 614,500

 

 614,500

Shares issued in lieu of fees

 32,018

 83,510

 

 

 

 115,528

 

 115,528

Gain on fair value of investment assets

 

 

 

 (81,943)

 

 (81,943)

 

 (81,943)

Foreign exchange differences on translation of currency

 

 

 

 (29,935)

 

 (29,935)

 

 (29,935)

Total transactions in the period recognised directly in equity

 93,468

 636,560

 -

 (111,878)

 -

 618,150

 -

 618,150

Balance at 30 September 2019

 1,007,056

 18,010,161

 537,757

 (227,875)

 (16,991,030)

 2,336,069

 (245,936)

 2,090,133

 

 

 

 

 

 

 

 

 

Balance at 1 April 2020

 1,010,308

 18,032,309

 537,757

 (1,111,153)

 (17,440,577)

 1,028,644

 (268,215)

 760,429

Loss for the period

 

 

 

 

 (539,832)

 (539,832)

 (21,561)

 (561,393)

Gain on sale to non-controlling interest

 

 

 

 

 2,790,000

 2,790,000

 

 2,790,000

Foreign exchange differences realised during the period

 

 

 

 

(4,170)

(4,170)

 

(4,170)

Total comprehensive income for the period

 -

 -

 -

 -

 2,245,998

 2,245,998

 (21,561)

 2,224,437

Issue of shares during period

 120,725

 323,544

 

 

 

 

 

 

Issue of warrants during period

 

 

 

5,744

 

 

 

 

Foreign exchange differences on translation of currency

 

 

 

 (29,479)

 -

 (29,479)

 -

 (29,479)

Total transactions in the period recognised directly in equity

 120,725

 323,544

 -

 (23,735)

 -

 420,534

 -

 420,534

Balance at 30 September 2020

 1,131,033

 18,355,853

 537,757

 (1,134,888)

 (15,194,579)

 3,695,176

 (289,776)

 3,405,400

 

Group Statement of cash flows

 

For the six months ended 30 September 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months to 30 September 2020

Six months to 30 September 2019

 

 

 

 

 

Unaudited $USD

Unaudited $USD

Cash flows from operating activities

 

 

 

 

Cash used in operations

 

 

(480,176)

 (606,593)

Income taxes paid

 

 

 -

 -

Net cash outflow from operating activities

 

 

(480,176)

 (606,593)

Investing activities

 

 

 

 

Sale/(purchase) of property, plant and equipment

 

 -

 (1,308)

Sale/(Purchases) of financial assets at FVOCI

 

 

50,000

 -

Sale/(Purchase) of Investments

 

 

 -

-

Net cash generated/(used) in investing activities

 

50,000

(1,308)

Financing activities

 

 

 

 

Proceeds from issue of shares

 

 

444,269

 741,600

Effect of exchange rate movement on cash

 

 

 4,123

(59,773)

Net cash generated from financing activities

 

 

448,392

(801,373)

Net increase in cash and cash equivalents

 

 

18,216

 (193,472)

Cash and cash equivalents at beginning of period

 

97,762

 188,375

Cash and cash equivalents at end of period

 

 

115,978

381,847

 

 

NOTES TO THE FINANCIAL STATEMENTS

 

1.

Basis of preparation

 

 

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and IFRS Interpretations Committee (IFRS IC) interpretations as adopted by the European Union applicable to companies under IFRS. The Group Financial Statements have been prepared under historic cost convention.

 

The financial statements have been prepared on the historical cost basis, except for the valuation of investments at fair value through profit or loss. The principal accounting policies adopted are set out in the Annual Report 31 March 2020.

 

The functional currency of the Company is British Pounds (£). This is due to the Company being registered in the U.K and being listed on AIM, a London based market. Additionally, a large proportion of its administrative and operative costs are denominated in £.

 

The financial statements are prepared in United States Dollars ($), which is the reporting currency of the Group. Monetary amounts in these financial statements are rounded to the nearest whole dollar. This has been selected to align the Group with accounting policies of other major gold-producing Companies, the majority of whom report in $.

 

As permitted by section 408 of the Companies Act 2006, the Company has not presented its own statement of comprehensive income and related notes. The Company's total comprehensive income for the period was $2,319,604 (2019: $620,148).

 

2.

Events Subsequent to Reporting Date

 

 

India

On 17 December 2020, the Company announced that it had amended the term sheet which extended the partnership with Galaxy Gold Mines Pvt Limited (Galaxy) until 30 April 2021.

 

West Africa - Bido

On 6 October 2020, the Company secured its interest in the Bido PRM (formerly Naton PRM) with the support of the Ministry of Mines of Burkina Faso and the Company's joint venture partners. Under the joint venture agreement, the Company is earning an 80% interest in Bido following exploration expenditure of US$1 million on or before July 2022, with joint venture partners holding the remaining 20% interest. The Company has an option to increase its interest to 100% following further exploration expenditure of US$1 million on or before July 2024. The joint venture partners are also entitled to a royalty of 1% of the Net Smelter Return which is capped at $3 million.

 

Sale to Moydow Holdings Limited (Moydow)

On 1 September, the Company announced it had completed the divestment of its interest in the Labola gold project to Moydow. At balance date the Company had received 2,500,000 new ordinary shares in Moydow and cash of $50,000. Subsequent to balance date, the Company has received a further $190,000 cash consideration for the transaction.

 

The divestment of Kalaka gold project in Mali to Moydow has been delayed and is now anticipated to be completed by 31 December 2020.  The Company expects to receive the balance consideration for the Moydow transaction, being 500,000 new ordinary shares in Moydow and $110,000 at completion.

 

Warrant Conversions (£0.0668, 16 December 2021)

The Company has received $129,000 (GBP 96,078) cash from warrant holders exercising their right to purchase ordinary shares at GBP 0.0668 per share.  In return the Company will issue 1,438,289 ordinary shares to warrant holders.

 

In addition, the Company has received commitments for the conversion of a further 2,137,990 warrants for $192,000 (GBP 142,818) on or before 15 January 2021.

 

 

Contacts

 

Panthera Resources PLC

Mark Bolton (Managing Director)

 

+61 411 220 942

contact@pantheraresources.com

 

Financial Public Relations

Vigo Communications Ltd

Simon Woods

Chris McMahon

 

 

+44 (0)20 7390 0230

Nominated Advisor and Broker

RFC Ambrian

Rob Adamson

Bhavesh Patel

Charlie Cryer

+44 (0) 20 3440 6800

 

Subscribe for Regular Updates

 

Follow the Company on Twitter page at @PantheraPLC

 

For more information and to subscribe to updates please visit: www.pantheraresources.com

 

Qualified Person

The technical information contained in this disclosure has been read and approved by Antony Truelove (BSc (Hon), MAusIMM, MAIG), who is a qualified geologist and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Antony Truelove is the COO of Panthera Resources PLC.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

Forward-looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes, and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein.

 

**ENDS**

 

 

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Panthera Resources secures $13.6mln funding for Bhukia legal action

Panthera Resources PLC (AIM:PAT) managing director Mark Bolton speaks to Thomas Warner from Proactive after the gold exploration and development company announced that its subsidiary Indo Gold has received an unconditional $13.6 million funding facility from LCM Funding to pursue claims against...

on 30/8/23

18 min read