Business
Additional Claims Staked at Obonga
Additional Claims Staked at Obonga.
About this update from Panther Metals Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n\n\n\n\nPANTHER METALS PLC\n(\"Panther\" or the \"Company\")\n(Incorporated in the Isle of Man with company number 009753V)\n12 May 2023\nUranium, Rare Earth, Lithium - Additional Claims Staked\n \n \nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada is pleased to announce the acquisition of 171 additional mining claims that are directly contiguous to the Obonga Project and which provide coverage of exploration ground considered highly prospective for critical metals on the northwest corner of the Obonga greenstone belt.\n \nDarren Hazelwood, Chief Executive Officer, Panther Metals plc commented:\n \n\"Highly anomalous values of a variety of critical minerals, including uranium, rare earth and lithium from high density lake sediment and water geochemical samples, coinciding with a major structural feature trending southeast across the Awkward batholith from Scalp Lake towards the centre of Awkward Lake, make the acquired exploration ground highly prospective. Being contiguous with our existing land package on Obonga is significant as spend commitments can be assigned across the entire greenstone belt.\n \nWe continue to strengthen our position on Obonga following our successful multi-site drilling programme that enhanced our understanding and strengthened our belief in this greenstone belt. Panther Metals remain extremely active as we position the business to take full advantage of an increasingly prospective portfolio of assets based in a province built on mining.\"\n \n \nFurther Details\nBased on a regional structural study and government high-density lake sediment and water sam...