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Pantera Minerals Limited (ASX:PFE)

ALERT: Price-sensitive ASX Announcement for PFE
Current share price for PFE : $0.014 0 (0%)+
Announcement
Release
29 Sep 2026 9:51AM
Price at Release
$0.014
Full Release
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Summary
Pantera Minerals Limited (ASX: PFE) announced it has entered binding agreements to acquire a 100% interest in the 470km² Corona Gold Project in Western Australia’s Albany Fraser Orogen, about 200km east of Kalgoorlie, as a low-cost and opportunistic addition to its portfolio that complements its primary U.S. critical minerals strategy. The acquisition covers granted exploration licences E28/3555 and E28/3556 and is priced at $200,000, comprising $40,000 cash and $160,000 in Pantera shares, plus aggregate 2% gross revenue royalties with buy-back rights over half of each vendor royalty. Pantera highlighted that Corona lies in a prospective regional structural corridor near the Tropicana gold mine and along strike from BPM Minerals’ Forelands/Beachcomber discovery, while cautioning that neighbouring results are contextual only. Historical work at Corona identified an 8km-long bedrock gold aircore anomaly with limited follow-up drilling and several notable intercepts, alongside untested western auger gold anomalies peaking at 128ppb Au, with about 30% of the project still unsampled geochemically. The company said there has been no systematic modern RC or diamond drilling to test bedrock gold mineralisation, and plans to focus first on due diligence, heritage and access engagement with the Upurli Upurli Nguratja native title holders, reinterpretation of historical data and magnetics, closer-spaced ultra-fine fraction soil sampling, and then ranked aircore and RC drilling, with completion expected in October 2026 subject to customary conditions.
Key Points
  • Pantera entered binding agreements to acquire 100% of the Corona Gold Project in Western Australia.
  • The project covers about 470km² across granted exploration licences E28/3555 and E28/3556.
  • Acquisition consideration is $200,000, made up of $40,000 cash and $160,000 in Pantera shares.
  • The deal also includes a 2% aggregate gross revenue royalty, with rights to buy back half of each vendor royalty for $1,000,000 per vendor.
  • Corona is located in the Albany Fraser Orogen about 200km east of Kalgoorlie.
  • The project is in the same broader structural corridor as Tropicana and near BPM Minerals’ Forelands Project and Beachcomber discovery.
  • Historical exploration defined an 8km-long gold-in-bedrock aircore anomaly at the Corona prospect.
  • Reported historical aircore intercepts include 6m @ 1.50g/t Au from 66m, 11m @ 0.29g/t Au from 93m, and 2m @ 0.83g/t Au from 104m to end of hole.
  • Only one historical RC hole has been drilled within the immediate Corona prospect area.
  • The western project area hosts untested auger gold anomalies peaking at 128ppb Au.
  • Approximately 30% of the project area has never been geochemically sampled.
  • Pantera intends to undertake heritage and access work, ultra-fine fraction soil sampling, and then aircore and RC drilling.
  • The company said the acquisition does not divert focus or funding from its U.S. critical minerals strategy.
  • Completion is expected in October 2026, subject to due diligence, approvals and other customary conditions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.