Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada and Australia, is pleased to release its final results for the 12 month period ended 31st December 2020.
During the year, Panther continued to strengthen its existing portfolio of assets in Canada through the purchase of additional ground on the Big Bear Project following positive fieldwork results in 2020. The company also added the prospective Dotted Lake property located approximately 16km north of the Barrick owned Hemlo gold mine.
In Australia, Panther successfully completed the purchase of the Merolia Project in the Eastern Goldfields of Western Australia and also undertook field visits on both its assets in the Northern Territory.
The full 2020 annual report is available at our website via the following link.
www.panthermetals.co.uk/investors/financial-reports
Information relating to the Annual General Meeting will be released shortly.
Kerim Sener, Chairman, commented:
“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. Your board is committed to finding ways to add maximum value within the shortest possible timeframe and accordingly is forever on the lookout for opportunities to develop and enhance the project pipeline of the company.
Fist published on the 18th April 2021
Importantly, the company is positioning itself strategically to focus its activities on orogenic gold systems in Archaean and Paleoproterozoic geological settings. 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. While our remit is to explore in such low-risk jurisdictions will continue, we fully expect to build our project pipeline in other areas in which the selection criteria of low jurisdictional risk is matched by the geological perspectivity of orogenic gold systems in Archaean and Paleoproterozoic settings”.
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer: +44(0) 1462 429 743
+44(0) 7971 957 685
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
