Panthera Resources PLC (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to announce its unaudited interim results for the half-year ended 30 September 2025.
Highlights
· Net loss for the reporting period was $1,359,371 ($0.01 loss per share), compared to a loss of $1,127,096 ($0.01 loss per share) in the prior reporting period, reflecting continued arbitration activities and investment in exploration activities.
· Arbitration proceedings advanced with the filing of the Memorial on 19 May 2025, including a damages claim for US$1.58 billion, net of Indian taxes.
· Arbitration funding facility of US$13.6 million remains available; 63% drawn as at the report date (including committed and accrued amounts).
· Exploration activities included the commencement of a 1,740-metre RC drilling programme at the Bido Project and a feasibility study at the Cascades Project in Burkina Faso.
· Issued 2,020,494 shares through warrant and option exercises, raising approximately US$0.17 million, and issued 381,748 shares in lieu of directors’ fees during the period.
· Cash balance of $1,917,049 at 30 September 2025 (31 March 2025: $3,139,744).
· Post Period: Issued 13,571,419 shares through warrant exercises, raising approximately US$1.2 million, and issued 225,192 shares in lieu of directors’ fees; 125,000 warrants lapsed; total issued share capital now 258,139,751 shares.
· Post Period: The arbitral tribunal issued an order detailing the procedural calendar for Phase One, including the Phase One hearing date in December 2026.
· Post Period: OTCQB approval and trading commenced under ticker “PATRF”.
· Post Period: Metallurgical results at Kalaka confirm that the ore is suitable for CIL and/or heap leaching.
Mark Bolton, Managing Director and CEO of Panthera, commented:
“During the half-year, significant progress was made in the arbitration process for the Bhukia Gold Project. In May 2025, the Claimants’ Memorial was filed including the damages claim for US$1.58 billion, net of Indian taxes. Importantly, in October 2025 the arbitral tribunal issued an order containing the procedural calendar that set the Phase One hearing date for December 2026.
The Company also continued to progress its gold assets in West Africa, with a 1,740-metre RC drilling programme at Bido and initiating a feasibility study at Cascades. At 30 September, the Group held a cash balance of approximately $1.93 million and retained access to the US$13.6 million arbitration funding facility. Subsequent to the end of the half-year reporting period, the Company received approximately US$1.2 million from the conversion of warrants.
More recently, the Company achieved an important milestone with the commencement of cross-trading on the OTCQB Venture Market in the USA.“
Contacts
Panthera Resources PLC
Mark Bolton (Managing Director) +61 411 220 942
