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Panther Australia - Nickel Sulphide Project Update
Panther Australia - Nickel Sulphide Project 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\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)\n5 September 2023\nPanther Australia: Marlin Nickel Sulphide Project\nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to note the Panther Metals Ltd (\"Panther Australia\") Australian Securities Exchange (\"ASX\") announcement regarding the acquisition by staking, of two nickel focussed exploration licences constituting the Marlin Nickel Sulphide Project (\"Marlin Ni Project\") with a combined area of 84km2, located 10km northeast of their principal Coglia Ni-Co Project in Western Australia. Panther Metals Plc hold 23.54% of the outstanding shares in Panther Metals Ltd (ASX:PNT).\n \nFurther details, illustrative figures and maps are available to view in the ASX Announcement via the Panther Australia website: https://www.panthermetals.com.au\n \n \nDarren Hazelwood, Chief Executive Officer, commented:\n \n\"The team in Australia continue to expand their critical minerals portfolio in the heart of one of the world's premier mining regions. Historical drilling within the Marlin Ni Project intersected both elevated nickel in weathered saprolite and wide zones of anomalous nickel in fresh ultramafic rocks but was inconclusive.\n \nPanther Australia intend to build on these solid foundations, which include geophysical datasets, with fresh eyes and the help of a nickel expert, to generate new drill targets focussed on delineating the ultramafic intrusive basal contact which is commonly the primary target for nickel mineralisation in Archaean settings.\"\n \nASX Announcement Highlights\n \n· Addition of Marlin Nickel Project, drill ready upon grant and prospective for nickel sulphide mineralisation, via opportunistic pegging of two exploration licenses covering 84km2.\n \n· Previous drilling intersected both high-grade nickel in saprol...