Panther Metals PLC Further Tenement Acquisitions
June 07 2021 - 3:02AM
RNS Non-Regulatory
TIDMPALM
Panther Metals PLC
07 June 2021
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FOR IMMEDIATE RELEASE
PANTHER METALS PLC
(Incorporated in the Isle of Man with company number
009753V)
7(th) June 2021
Further Tenement Acquisitions at Red Flag Nickel-Cobalt
Project
Panther Metals PLC (LSE:PALM) the company focused on mineral
exploration in Canada and Australia, is pleased to announce the
application for two further exploration tenements, E39/2249 and
E39/2250 , as part of an expansion program for our Red Flag
Nickel-Cobalt Project. Situated in the prolific nickel-cobalt belt
25km west of Laverton, the Red Flag project lies between the
historic Windarra South mine and the Glencore owned Murrin Murrin
nickel cobalt plant, that last year reported production of 36,400
tonnes of nickel and 2,900 tonnes of cobalt.
Darren Hazelwood, Chief Executive Officer, commented:
"Through further investigation our local team were able to
identify an opportunity to peg two more exploration leases in the
Red Flag area. The leases appear to cover a potential trend
starting at the Windarra South mine that extends northwest to the
Woodline Well prospect, which is currently reporting 0.34Mt @
1.25%Ni and held by Poseidon Nickel as part of their greater Mt
Windarra area.
These two leases are an exciting addition to our Red Flag
project. While owned by WMC, Windarra South produced 3.17Mt @ 1.35%
Ni (42,646t nickel) over the life of mine in both open pit and
underground operations. Not to mention the prime location; Laverton
lies just 25km to the east and the Murrin Murrin Operations 25km to
the south-west, both easily accessible via the Leonora-Laverton
highway."
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
Brokers:
SI Capital Limited
Nick Emerson +44(0) 1438 416 500
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