Business
Permit issued - Correction
Permit issued - Correction.
About this update from Panther Metals Plc
[{"type":"text","content":"\n\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)\n22 July 2024\nDotted Lake: Award of Exploration Permit-Correction\nPanther Metals plc (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to announce the receipt of Exploration Permit PR-23-000215 (the \"Permit\") located upon the North Limb of the Schreiber-Hemlo Greenstone Belt, Ontario. Approximately 16km north of the 23Moz Au Barrick owned Hemlo mine and south of the historic Geco copper/zinc mine.\n \nThe Permit is valid through to 17 July 2027 and allows for a comprehensive programme of critical mineral discovery focussed works on the highly prospective intrusive linked nickel-copper-cobalt and Platinum Group Metal targe in the north-east of the Dotted Lake project area. Details of the exciting target are outlined below.\n \n \nDarren Hazelwood, Chief Executive Officer, commented:\n \n\"Dotted Lake has generated a huge amount of interest since the Canadian listed exploration junior 'GT Resources Inc' began unravelling the new district scale potential along their Tyko One Belt - a target that ultimately led to Glencore taking a stake in that business.\n \nThe parallels drawn between those discoveries and what is known about the north shore of Dotted Lake has not been missed by the industry. To date I've fended off any interest; for a junior explorer to have this strength of target, in proximity and comparable to GT's greenfield success, is a rare situation, and Panther's potential for growth is highly favourable given the technical similarities. Owning 100% of this project with no underlying financial instruments has strengthened our hand, the Exploration Permit was the only requirement, and excitedly this is now in place.\n \nWith the Permit now in place our options expand. All options will naturally be considered, but in the true spirit of exploration, risk capital deserves the opportunity for the greatest retu...