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Australia: Coglia Nickel-Cobalt Update
Australia: Coglia Nickel-Cobalt Update.
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\n\n\n\n\nFOR IMMEDIATE RELEASE\n\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)\n5 March 2024\nAustralia: Coglia Nickel-Cobalt Mineral Resource Exceeds 100Mt\nPanther Metals PLC (LSE:PALM) the company focused on developing Canada's next VMS camp and graphite deposit, is pleased to note the Panther Metals Ltd (\"Panther Australia\", ASX:PNT) Australian Securities Exchange announcement of an updated JORC (2012) compliant 102.8Mt Mineral Resource estimate (\"MRE\") for their Coglia Nickel-Cobalt project (\"Coglia\") in Western Australia.\n \nDarren Hazelwood, Chief Executive Officer, commented:\n\"A Mineral Resource estimate exceeding 100 million tonnes in such a short timeframe is testament to the technical ability of the Panther Australia team and we note with interest the comment from Dan Tuffin, Panther Metals Ltd CEO, regarding Coglia 'consistently offering up new exploration targets to drill'.\nUndoubtedly Panther Australia is looking forward to the proposed Scoping Study as this should highlight to the market the value the company has created in the ground over the last two years at Coglia.\"\n \n \nAnnouncement Highlights\n \n• Coglia MRE now stands at 102.8Mt @ 0.60% nickel and 370 ppm cobalt, containing 614kt of nickel and 37.7kt of cobalt (Indicated and Inferred), see Table 1.\n \n• This MRE update represents a 30% increase in total nickel tonnes in comparison to the maiden 2022 MRE.\n \n• Confidence in the resource has greatly increased; over 23Mt of the Resource is now classified as Indicated, representing 22% of the total Resource.\n \n• Significantly, deeper extensional drilling has defined two distinct lithologies within the resource; a lateritic upper horizon with a deeper weathered ultramafic lower horizon, the majority of which remains open at depth.\n \n• Three new extensional explora...