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Panther Metals Ltd - Maiden Resource at Coglia
Panther Metals Ltd - Maiden Resource at Coglia.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \n \n \n NOT 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 \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PANTHER METALS PLC\n \n \n \n (\"Panther\" or the \"Company\")\n \n \n (Incorporated in the Isle of Man with company number 009753V)\n \n \n 27 June 2022\n \n \n \n Maiden Ni/Co Mineral Resource Estimate at Coglia\n \n \n \n Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to provide an update for the Coglia Nickel/Cobalt Project (\"Coglia\") in Western Australia, following the Panther Metals Ltd (\"Panther Australia\") Australian Securities Exchange (\"ASX\") announcement detailing a maiden Mineral Resource Estimate and new Exploration Target. Panther Metals plc holds 36.6% of Panther Metals Ltd (ASX:PNT).\n \n \n \n \n \n Further details and maps are available in the ASX Announcement available to view at the Panther Australia website:\n \n \n https://www.panthermetals.com.au/asx-announcement\n \n \n \n \n \n \n \n \n News Highlights:\n \n \n \n ·\n Maiden Mineral Resource Estimate (\"MRE\") of 70.6Mt @ 0.7% Nickel & 460ppm Cobalt (Inferred Resources) for\n \n \n o \n \n 476kt Nickel & 32.2kt Cobalt\n \n (see Table 1)\n \n \n o \n MRE exceeds the 50Mt upper limit of the former Coglia JORC Exploration Target (\"JET\") by 20Mt, a 40% uplift over the expected tonnage.\n \n \n o \n Circa 5km long Resource area\n \n \n o \n MRE establishes Coglia as a new standalone nickel-cobalt project in the Laverton region of Western Australia.\n \n \n ·\n Further potential shown through, new 'Southern' Exploration Target ranging between 34Mt - 62Mt @ 0.40-0.65% Ni & 400-600ppm Co for 136kt-400kt Ni and 14-37kt Co has been defined (see Table 2) *\n \n \n o \n Southern Exploration Target covers area of ~2.7km2 with strike length of ~2.8km.\n \n \n o \n Two new drill target areas 'East' and 'Central', in an area of ~3.7km2 result from drilling and geophysics review.\n \n \n \n * The potential quantity and grade of an Exploration Target is conceptual in nature. The...