Panther Metals

Primary ticker: ASX:PNT
Stage of development: Exploration, Development
Primary minerals: Nickel, Cobalt, Gold
Project to promote: Coglia Ni-Co Project & Merolia Gold Projects
Project location: Australia
Website: www.panthermetals.com.au

Panther Metals Ltd is an ASX-listed battery metals and gold explorer with projects located in the tier 1 mining districts of Laverton Western Australia and the Northern Territory.

Panther’s current focus is to rapidly develop the recent 102.8Mt nickel-cobalt Resource discovery at the Coglia Ni-Co Project, whilst continuing to explore the high-grade gold prospects situated along 35km’s of strike within the Laverton Gold Project.

Just 6 months after listing on the ASX in December 2021, Panther’s flagship Nickel-Cobalt project, ‘Coglia’, exceeded all expectations by delivering a maiden resource of 70.6Mt. Recent drilling updated the Coglia Resource, which now stands at a whopping 102.8Mt @ 0.60% nickel, solidifying its status as a world class nickel-cobalt asset. The resource sits in the top 30% by tonnage of nickel laterite deposits worldwide, with room for further growth.

Coglia lies within the same top tier nickel laterite region as producer Glencore (Murrin Murrin Operations) and ASX-listed developer Alliance Nickel Limited, which inked a $15M offtake agreement with EV car manufacturer Stellantis in mid-2023 and more recently signed an $8M term sheet with Samsung SDI.

With updated heap-leach results and a Scoping Study due on the horizon, 2024 continues to look very exciting for Panther Metals.

Cash: AUD0.89M (31 December 2022)
Debt: NIL

Major shareholders:

Panther Metals Plc – 36.6%

HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED – 6.59%

BONANZA RESOURCES PTY LTD – 3.89%

CAVALIER CORPORATE PTY LTD <THE CAVALIER A/C> – 3.84%

ASGARD METALS PTY LTD – 3.20%

Management Ownership – 11%

Financials

Management Profile

DANIEL TUFFIN – Managing Director and CEO
BEng, BSc, DipPM, FAusIMM(CP), MAICD

Over 20 years of experience in the minerals industry, both in Australia and abroad
Co-Founder and Chairman of Auralia Mining Consulting
Development and mining of Barrick Kalgoorlie gold projects
Co-founder of successful private mining projects including Kalgoorlie’s Rose Dam Resources
Executive Technical Director Cavalier Resources (ASX:CVR) and Non-executive Director Mount Malcolm Mines NL (ASX:M2M)

RANKO MATIC – Director and CFO/Company Secretary

Ranko is a Chartered Accountant with over 30 years’ experience in the areas of financial and executive management, accounting, audit, business and corporate advisory.

He has been involved in an advisory capacity to over 40 initial public offerings and other recapitalisations and re-listings of ASX companies in the last 20 years.

Currently, Ranko is also Executive Chairman of Cavalier Resources Limited (ASX:CVR) and Non-executive Director of Lycaon Resources Ltd (ASX:LYN) and Locafy Limited (NASDAQ:LCFY)

What recent news would you like to highlight to investors attending?

27 March 2023 – Renounceable Rights Issue to Grow Nickel-Cobalt Resource

22 March 2023 – Significant Gold & Nickel Targets at 40 Mile Camp Prospect

30 January 2023 – Positive HPAL Test Results from the Coglia Nickel-Cobalt Project

8 December 2022 – New Lodes and Expanded Drilling Area at Burtville East

29 September 2022 – Bonanza Gold Assay & Visible Gold in Core at Burtville East

4 August 2022 – Diamond Drilling Commences at the Ironstone Gold Prospect

What are your key goals for the next 3, 6 and 12 months?

6 Months:
Continued exploration programmes:

– Maiden Gold MRE: Eight Foot Well

– Ni-Co Drilling: Mt Goose, Extensional drilling Coglia. Follow up at Salamis Prospect

– Au Drilling: Annaburroo at Donkey Hill & Mikados areas

12 Months:

Updated Ni-Co MRE: Coglia

Mine Scoping Study: Coglia

Au Drilling: Marrakai