Panther Metals is well-positioned to make significant advancements in gold exploration in Australia and Canada.
The latest resource estimate for Coglia is presented by Panther Metals.
The new first mineral resource at the Coglia nickel-cobalt project in Western Australia’s Laverton region “exceeded all expectations,” according to Pather Metals PLC (LSE:PALM).
Panther Metals Ltd., an ASX-listed company, owns Cogila (ASX:PNT).
Panther Metals Ltd. is 36.6 percent owned by Panther Metals PLC (LSE:PALM) (ASX:PNT).
The resource weighs in at 70.6 million tonnes, or 476,000 tonnes of nickel and 32,200 tonnes of cobalt, with a nickel content of 0.7%.
There could be between 34 million and 62 million more tonnes in a new Southern exploration site, grading between 0.40 percent and 0.65 percent nickel and between 400 and 600 parts per million cobalt.
Following drilling and a geophysical evaluation, two new drill target locations, East and Central, have also been discovered.
“Panther Metals PLC Chief Executive Darren Hazelwood stated that the first mineral resource estimate for Coglia “has exceeded all our expectations and has the potential to offer a major uplift to Panther Australia.”
“Subject to the requisite drilling and technical investigations, the three new target regions to the south and east of the resource area offer further potential for future uplifts. The quick and prosperous development in Australia offers a fantastic platform for Panther Metals PLC as well as the ASX firm as we continue to expand the business.”