Panther’s speedy drilling paves way for nickel-cobalt resource boost

Panther Metals has completed several drilling programs in WA’s Laverton region quickly and efficiently, setting itself up to bolster the Coglia nickel-cobalt resource as well as deliver a steady flow of news over the second half of the year.

Panther Metals (ASX:PNT) has finished a second round of drilling at its flagship Coglia project, a maiden aircore drilling program at the 40 Mile Camp gold target and auger drilling covering the Mt Goose and Comet Well South nickel-gold prospects.

All these projects sit in the mineral-rich, Tier 1 Laverton region of Western Australia, with Coglia just trucking distance to Glencore’s underutilised Murrin Murrin processing plant.

This second major drilling program at Coglia was aimed at converting the Southern JORC exploration target (JET) of 32-64 million tonnes to boost the existing large 70.6Mt nickel-cobalt resource and demonstrate the scale potential of the project.

Drilling at Coglia was also designed to test the Central and East targets.

The 5.5km long Coglia resource is already one of Western Australia’s top 10 largest JORC-2012 compliant nickel deposits not owned by a major, with significant further exploration upside.

Meanwhile, Panther previously undertook studies that identified several additional drill targets within the 40 Mile Camp region, including the 100% owned 40 Mile Camp East prospect.

The now completed maiden aircore program at 40 Mile Camp was done to test the first of many anomalous gold-nickel targets within an area covering over 25sq.km.

At the same time, Panther completed two auger programs comprising 378 holes drilled to a 3m depth at Mt Goose, which had a historical peak soil sample of 1.5% nickel, and an untested section of the Comet Well South area which covers a highly anomalous historic gold trend.

“Our dedicated onsite team has once again demonstrated their commitment and expertise, streamlining the entire process through efficient scheduling and site preparation best practices,” managing director Daniel Tuffin said.

“This approach has enabled us to complete these crucial programs in a timely and cost-effective manner.”

All samples have been delivered to the lab and assays are now pending.

“With this latest phase of drilling now behind us, our focus shifts to the next crucial step: the receipt and review of assay results that will provide us with further valuable insights into the potential of these projects,” Tuffin said.

This story was developed in collaboration with Panther Metals, a Stockhead advertiser at the time of publishing.

This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.