PNT - Panther Metals

[System]

Panther Metals Ltd is a mineral exploration company based in Perth, Western Australia. Since its incorporation in September 2016, the Company has focused on identifying and acquiring prospective mineral exploration projects.

The Company owns or has a right to acquire 100% in the following projects:

(a) the Coglia Nickel-Cobalt Project in Western Australia;
(b) the Red Flag Nickel Sulphide Project in Western Australia;
(c) the Merolia Gold Project (which includes the Burtville East, Comet Well and Ironstone prospects) in Western Australia;
(d) the Mikado Gold Project in Western Australia;
(e) the Annaburroo Gold Project in the Northern Territory; and
(f) the Marrakai Gold Project in the Northern Territory.

It is anticipated that PNT will list on the ASX during December 2021.

Home - Panther Metals LTD

www.panthermetals.com.au

 

[Dona Ferentes]

Listing date	10 December 2021 12:30 PM AEDT ##
Company contact details	http://www.panthermetals.com.au/ Ph: +61 8 6188 8181
Principal Activities	Mineral exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	PNT
Capital to be Raised	$5,000,000
Expected offer close date	22 November 2021
Underwriter	Not underwritten. Sanlam Private Wealth Pty Ltd and Kerr Allan Financial Pty Ltd (Joint Lead Managers).

 

[Dona Ferentes]

PNT opened at 19c on Friday, went to 18c and has lifted a nudge to close at its IPO price of 20c on Day 2.

 

[Dona Ferentes]

Barry FitzGerald - Garimpeiro ; 12 stocks in 12 different commodities to stuff in the Xmas stocking ... The focus has been finding those with leverage to exploration success and/or enhanced development prospects because of some of spectacular commodity price gains in 2021, and what 2022 [may have] in store.

NICKEL : Trading at 17.5c for a market cap of $11m. It’s new to the ASX and its modest market cap means it is one of the most leveraged to exploration success nickel explorers out there.

Drilling is underway at the Coglia laterite nickel-cobalt project where previous work has allowed an exploration target to be worked up. It’s big too, at 30-50mt grading 0.6%-0.8% nickel with good cobalt grades.

The drilling is all about proving up a maiden mineral resource estimate, as well as testing the potential for sulphide nickel at depth. It is in the same neck of the woods as Glencore’s 40,000tpa Murrin Murrin laterite nickel operation.