Panther Metals beginning to build up head of steam with gold exploration programmes in Canada and Australia
- Panther Metals appoints lead managers for listing of Australian subsidiary
- Panther Metals well positioned to make major gold exploration strides in Australia and Canada
- Panther Metals: 'Exploring for discovery to systematically transform the business'
Quick facts: Panther Metals PLC
Price: 13.125 GBX
Market Cap: £8.08 m
About the company
Panther Metals invests in or acquires companies or projects within the natural resources sector which have the potential for growth and value generation over the medium to long term.
The company will utilise their extensive international network to identify opportunities in base, precious and energy metals. The company will focus its search on highly attractive and established and politically stable mining jurisdictions such as Australia, North America and Canada.
How it is doing
Panther Metals PLC (LSE:PALM) has appointed Sanlam Private Wealth Pty Ltd and Kerr Allan as joint lead managers for the proposed listing of the company’s subsidiary Panther Metals Ltd on the Australian Securities Exchange.
Panther Metals Ltd has also raised A$300,000 to fund the listing process.
As a result of the financing, the interest of Panther Metals PLC in Panther Metals Ltd has reduced from 89% to 77%.
Geomin considered the results of two historical exploration drilling campaigns undertaken between 2001-2003 and in 2018.
Thomson Airborne Pty Ltd completed a 5,867 line-km airborne geophysical survey over the Merolia gold project area, in Western Australia, and a 1,715 line-km airborne geophysical survey over the Annaburroo and Marrakai gold project areas in the Northern Territory.
Insight: Panther Metals well positioned to make major gold exploration strides in...
Shares in Panther Metals PLC (LON:PALM) have almost doubled in value since they were listed in London in January this year. What’s more, allowing that there was a bit of a bit of post-IPO selling, they’ve more than tripled in value since February, the last point in time at which we can say the market was unaffected by coronavirus.
Because, allowing for the coronavirus then trashing the value of everything in March, and Panther’s shares have risen almost sixfold.
What management says
Panther Metals' (LON:PALM) Darren Hazelwood delivers his reinforced corporate strategy and provides some in depth guidance on the months ahead.
As Hazelwood explains 2021 has witnessed considerable corporate action and as a consequence he takes viewers through their updated operations in Canada and Australia.
Following the deals on the Obonga greenstone belt in Ontario Canada and the Marolia project in the eastern goldfields of Australia the firm is now more multi-commodity focused, exploring for the discovery that provides the foundation to systematically transform the business.
Panther was launched onto London's AIM exchange in late 2019, bringing to market a portfolio of Australian and Canadian exploration assets, to which they have subsequently added extra territory. At the time we noted that this opened the way for various outcomes: developing to production, generating value uplift by proving up projects then on-selling or slicing & dicing via listings on either the TSX or ASX or both.
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