Panther Metals PLC (LON:PALM) said it will continue to positioning itself strategically on orogenic gold systems in Archaean and Paleoproterozoic geological settings.
Kerim Sener, chairman, explained: “These systems account for the majority of all gold mined globally and occur across cratons (ancient continental crust) preserved in places across the world's continents.
“Our efforts in both Canada and Australia, to date, have incidentally been successfully focused on such terranes already.”
Panther’s key projects are Big Bear and Dotted Lake in Canada, the Merolia Project in the Eastern Goldfields of Western Australia and two assets in the Northern Territory.
Sener added: "With the uncertainties of the past year now hopefully behind us, we have developed the business to a point at which the portfolio may be rapidly commercialised.
“We are advancing various strategies to add value to the portfolio, such that component parts may achieve self-sustainability and in which Panther will retain a significant position, through joint ventures, partial divestment in subsidiaries or even project sales.”
The company, which is still in its formative stages, posted a loss of £668,000 in the year to end December 2020.