Panther Metals lists on ASX, hope for Annabarro & Marakai projects | NT Independent

Panther Metals lists on ASX, hope for Annabarro & Marakai projects

by | Dec 15, 2021 | Business | 0 comments

Panther Metals PLC, a British-based mining company, have successfully listed themselves on the Australian Securities Exchange as Panther Metals Ltd in a $5 million IPO, injecting r hope in Northern Territory mining operations, Marrakai and Annaburroo Gold project 70km south east of Darwin. In the vicinity of high-grade Toms Gully and Rustlers Roost deposits.

On December 10, 2021, Panther Metals PLC listed Panther Metals Ltd (PNT) as its subsidiary in the Australian Securities Exchange. The London-based company retains around 36.6% of the shares of PNT. Their assets are mainly gold and nickel of origin.

This successful initial public offering of their Australian spin-off is good news and will support field mapping in the company’s NT operation in the first half of 2022.

However, Panther Metals Ltd also focus on projects based in Western Australia and the NT Projects will be competing internally in terms of capital.

“The ASX listing of Panther Metals Ltd provides the experienced management the necessary capital to drive forward the highly prospective Australian exploration projects put together by Panther Metals plc, without any further financial obligations to the company,” chief executive Darren Hazelwood said.

Mr Hazelwood, in a 2020 interview, said that the Northern Territory has 500 tons of gold in reserve and expressed his motivation to push ahead with the project.

Dr Kerim Senner did his doctorate on Northern Territory assets, providing valuable exploration intel to prospectors in the vicinity, the company said.

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