Panther Metals PLC (LSE:PALM) hailed the successful listing of Panther Metals Limited, an mineral exploration company with projects in Western Australia and the Northern Territory, on the Australian Securities Exchange (ASX).
The Canada-focused explorer said it retains a 36.6% stake in Panther Metals Ltd.
Kerim Sener is stepping down as chairman of the London-listed company and leaving the board to take on an what the company said was an enhanced non-executive chairman role in Panther Metals Ltd following its listing on the ASX.
Replacing him, Nicholas O'Reilly has been appointed as non-executive chairman, effective 10 October 2021.
As a result, non-executive director Kate Asling will join the company's remuneration committee and O'Reilly will become chair of the nomination committee.
Chief executive Darren Hazelwood said: "The ASX listing of Panther Metals Ltd provides the experienced management the necessary capital to drive forward the highly prospective Australian exploration projects put together by Panther Metals PLC (LSE:PALM), without any further financial obligations to the company.
“I look forward to managing our investment in the business and wish the team the greatest success in building value through their high-quality gold, nickel, and cobalt projects.”