Business
Half Year Report 30 September 2022
Half Year Report 30 September 2022.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n \n \n 23 December 2022\n \n \n \n \n \n \n Panthera Resources PLC\n \n \n \n (Panthera or the Company)\n \n \n \n \n \n \n Interim Results - Six months ended 30 September 2022\n \n \n \n \n \n \n \n Panthera Resources PLC\n \n (AIM: PAT), the gold exploration and development company with key assets in West Africa and India, is pleased to announce its unaudited interim results for the half-year ended 30 September 2022.\n \n \n \n \n \n \n Highlights\n \n \n \n ·\n Total loss for the reporting period of $1,477,506 or $0.01 per share (2021: $1,943,501 loss or $0.02 per share) reflecting our ongoing commitment to our exploration activities during the period\n \n \n ·\n Completed the agreement with Diamond Fields Resources Inc (DFR) providing up to US$18 million in exploration and development funding for the Cascades Project.\n \n \n ·\n Moydow completed a\n 4975\n metre RC drilling campaign at the Cascades Project which produced a significant discovery at the TT13 prospect.\n \n \n ·\n Completion of the geophysics, together with the current geological mapping exercise at Bido\n identified a zone of clustered vein targets.\n \n \n ·\n At Bassala, a 5931 metre AC drilling programme completed which defined five significant prospects - the most significant being Tabakorole, with a 2km strike length.\n \n \n ·\n Continued to pursue the grant of the Prospecting Licence over the Bhukia project through both commercial resolution and the legal proceedings ongoing in the High Court of Rajasthan (Court). \n \n \n \n \n \n \n \n \n Mark Bolton, Managing Director of Panthera Resources, commented:\n \n \n \n \n \n \n \n \n \"Despite the challenging equitymarket conditions for gold juniors, the year to date has again been one marked by significant field activity on our extensive West African assets. This is in part supported by the\n \n completion of the Moydow restructuring and funding agreement with DFR.\n \n \n \n \n \n \n \n \n \n At the Cascades Project, drilling by Moydow saw a significant discovery at the TT13 prospect. With 22 new untested drilling targets identified, the Company is confident that the existing mineral resource estimate will continue to grow with further drilling.\n \n \n \n \n \n \n \n \n \n At Bido, an IP Geophysical Survey, geological mapping and o...