Panther Metals : From Tailings to Transformation
“…Near term cash generation will come direct from bringing the Tailings project into production…”
When the boss of Panther Metals lets it slip that his local MP has the ear of the Chancellor of the Exchequer and that he had visited Panther’s U.K. offices, it makes you wonder what olive branches Rachel Reeves is going to offer UK-listed companies in her delayed November 26th Autumn Budget.
Panther Metals is U.K. listed and approaching its sixth year as a main-board listed entity, but its business is in Canada and literally at its core is a massive VMS (Volcanogenic Massive Sulphide) deposit that it’s proving up at its Wishbone asset on the Obonga Greenstone Belt.
Volcanic-hosted massive sulfide deposits can be some of the richest sources of metals such as copper, lead, and zinc globally and formed of clusters which can contain gold and silver too, so is this what Panther has? It’s certainly attracted the attention of one Bruce Gemmell, described by Panther chief executive Darren Hazelwood, as ‘the foremost expert in VMS deposits globally.’ Gemmell says Panther has a sub-sea floor VMS where the commodities drop out away from the heart of the core, and all the team needs to do is ‘step out.’
The focus for Panther is now on the drilling, and news on that will come as will updates on the company’s 15-month plan which is all about execution.
“This is where the groundwork we’ve laid starts to deliver value,” says Hazelwood. “We’ve entered a period that will transform Panther Metals and make that progress, most importantly, visible in its entirety to the market.”
The foundations laid by Panther include discovering graphite mineralisation at additional Obonga project Awkward and the low hanging cash generation fruit which is the company’s Winston project. It’s a historic mine tailings storage facility and one that contains high-grade gold, gallium, silver, zinc, copper and cobalt and other recoverable minerals. Panther is currently progressing the steps to advance that reprocessing opportunity.
As Darren explains to Sarah Lowther in this video interview, once operational, the tailings project will give the company sustainability and cash generation, while the upside of exploration assets, particularly Wishbone and Awkward represents Panther’s ‘next growth leap.’
Follow the company on ‘X’ – @PantherMetals
Read the company’s latest Corporate Presentation
The author was remunerated but does not hold shares in the company
