Panther Metals set for best day ever as resource find exceeds target
27/06/2022 04:46
** Shares of mineral exploration co Panther Metals PNT.AX
climb as much as 36.1% to A$0.245, eyeing a record pct gain, if
gains hold
** Panther says maiden Mineral Resource Estimate (MRE) at
Coglia Nickel-Cobalt project in Western Australia exceeded JORC
exploration target by 20 million tonnes urn:newsml:reuters.com:*:nASX21pqr0
** Two new drill targets identified following drilling and
review, says co
** "These new targets, in addition to the MRE, have vastly
increased the potential scale of the Coglia Project."- co
** Shares at their highest value since May 12
** More than 645,000 shares change hands, compared with the
30-day average volume of about 202,700 shares
** Stock has fallen 12.2% this year, as of last close
(Reporting by Anan Ashraf in Bengaluru)
((Anan.Ashraf@thomsonreuters.com;))