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Winston Tailings Project - Appointment of Extrakt
Panther Metals Plc has appointed Extrakt Process Solutions LLC to conduct metallurgical testwork for metal recovery from the Winston Tailings Project in Ontario, Canada, a crucial step for the Application for Recovery of Minerals Permit. This Phase 1 testwork will establish baseline data for extracting gold, gallium, indium, silver, zinc, copper, and cobalt, supporting the Mineral Resource estimate being prepared by SRK Group and advancing the project towards a cashflow proposition. Disclaimer*
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)\n \n07 January 2026\nWinston Tailings Project: Metallurgical Testwork\nExtrakt Process Solutions Appointed for Metal Extraction Testwork\nPanther Metals Plc (LSE: PALM), the exploration company focused on mineral projects in Canada, is pleased to announce the appointment of Extrakt Process Solutions LLC (\"Extrakt\") to conduct phased metallurgical testwork for the recovery of metals from the Winston Tailings Project in Ontario, Canada.1,2,3\nThe testwork will be conducted in association with TDI Solutions LLC an independent laboratory authorised and equipped to implement the Extrakt innovative hydrometallurgical extraction technology. This work and associated studies are inputs into the Application for Recovery of Minerals Permit (the \"Recovery Permit\") process as announced 1 September 2025.4,5\nThe Phase 1 metallurgical characterisation and testwork will be conducted on representative composite samples of tailings material obtained from the resource drilling programme.6,7 The Phase 1 work is designed to generate baseline data on metal extraction performance, which will guide and support the design of subsequent testwork phases to determine the recoveries for gold (Au), gallium (Ga), indium (In), silver (Ag), zinc (Zn), copper (Cu) and cobalt (Co) and/or other recoverable metals contained within the historic Winston Lake Mine tailings storage facility (Figure 1). \nThe Phase 1 metallurgical results will also support the Reasonable Prospects of Eventual Economic Extraction requirement for the planned Mineral Resource estimate (\"MRE\") being conducted by the SRK Group.6\nThe MRE and the Extrakt metallurgical testwork are integral workstreams to advance the Winston Tailings Project through permitting towards a cashflow proposition.\nDarren Hazelwood, Chief Executive Officer commented:\n\"We are delighted to have the opportunity to appoint Extrakt Process Solutions who...