Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0373A Panthera Resources PLC 21 December 2017 \n \n\n21 December 2017\n \nPanthera Resources Plc\n(\"Panthera\" or \"the Company\")\n \nAdmission to AIM and First Day of Dealings\n \nPanthera Resources plc (AIM: PAT), the gold exploration and development company with key assets in India and West Africa, is pleased to announce that its Ordinary Shares will commence trading at 8.00 am today on the AIM market of the London Stock Exchange. On Admission, the Company will have 61,891,270 Ordinary Shares at a listing price of 20 pence per shares, giving Panthera an estimated market capitalisation of £12.4 million on Admission.\nA copy of the Company's Admission Document is available on the Panthera Resources website: http://www.pantheraresources.com. RFC Ambrian is acting as the Company's Nominated Advisor and sole Broker.\nHighlights\nBhukia Project (70%), India\n· Targeting 6.0Moz+ Au resource\no Current JORC inferred resource of 1.74Moz on a 100% basis (1.22Moz on a 70% attributable basis), defined over approximately 10% of an extensive gold in soil geochemical anomaly.\no In 2014, the Geological Society of India published an unclassified non-JORC resource of 106Mt @2.0g/t Au, 0.15 per cent Cu (6.7Moz Au, 160,000t Cu).\no In total 370 drill holes have been sunk into this project since 1990\n \n· Major gold-copper mineralised system\no Extensive, continuous mineralisation outcropping at surface suggesting potential for large scale, open pit development.\no Upon Prospecting Licence grant an extensive resource drill-out is planned followed by economic evaluation.\no Project area ideally located away from significant habitation yet within easy access to power, roads and transport and other infrastructure.\nWestern Africa\n· Combination of high value gold exploration assets in both Burkina Faso and Mali\no A large portfolio of cohesive and untested soil anomalies with significant eluvial and alluvial artisanal workings, located on areas of prospective geology with conducive structural settings.\n· Panthera has the advantage of its team's extensive, proven experience in these areas.\n \nSupport of National Governments\n· The Govern...