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Panther Metals Ltd (ASX:PNT)

ALERT: Price-sensitive ASX Announcement for PNT
Current share price for PNT : $0.007 -0.001 (-12.50%)+
Announcement
Release
29 Apr 2026 6:16PM
Price at Release
$0.008
Full Release
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Summary
During the quarter ending March 31, 2026, Panther Metals Ltd advanced strategic initiatives at the Burtville East Gold Project and the Coglia Nickel-Cobalt Project. Key activities included nearing completion on bulk metallurgical sampling and deeper drilling programs at Burtville East, as well as progressing towards a mining lease conversion. The Coglia project has gained renewed focus due to favorable market conditions. Financially, the company received a $167,000 R&D tax incentive and reported a cash position of $899,000 at the quarter's end. Additionally, 33,440,000 listed options expired, and mineral resource estimates were updated for both projects.
Key Points
  • Bulk metallurgical sampling for high gravity-recoverable gold at Burtville East is nearing completion.
  • A deeper drilling program at Burtville East targeted extensions below the current mineral resource estimate depth.
  • Work on converting part of Burtville East into a mining lease continued.
  • The Coglia Nickel-Cobalt Project remains a focus due to improving market conditions.
  • Panther Metals received $167,000 from an R&D tax incentive.
  • 33,440,000 listed options expired on April 28, 2026.
  • Mineral Resource Estimates for Burtville East and Coglia projects were updated.
  • The company’s cash position at the end of the quarter was $899,000.
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.