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3.1¢ panther metals ltd

Bit of a master stroke here really. If they manage to obtain...

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Beno77

5,326 Posts.

654

14/09/23

05:56

Post #: 69849967
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Originally posted by Kani17: ↑

Reading the PNT announcement this morning - new ground pegged. Excellent historical holes:
• 20m at 1.02% Ni from 12m (WCAC0179)
• 28m at 0.70% Ni from 8m (WCAC0180)
• 34m at 0.70% Ni from 16m (WCAC0190)
• 38m at 0.50% Ni from 8m (WCAC0192)

We await the drill results from the second Coglia campaign, hoping for strong results like the initial 476k MT of contained Ni @ 0.7% + Co credits around 0.15%. Talking to management at a conference earlier in the year they wuold like to get to 100m MT of mineralisation. Assuming that PNT come in at around 800/850k MT of Ni equiv, this new deposit will give an opportunity for them to boost this with some of the historical grades looking excellent. This is a really important development in my view, and will help PNT secure a firm base for feasability.

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Bit of a master stroke here really. If they manage to obtain this just via pegging and already have historic drilling and data to work from its a huge bonus that could definitely swing the entire resource into viable mine . I find it hard to believe they were able to do this virtually next door, as the announcement says “opportunistic “

PNT Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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