Funding Crunch Looms as Panther Metals Pushes Laverton Exploration

Drilling Progress and Exploration Highlights

During the June 2025 quarter, Panther Metals advanced its Laverton Gold Project with the completion of 43 drill holes targeting key areas such as the bonanza-grade Burtville East, the newly identified Rainier prospect, and parts of the Comet Well area. This drilling campaign is part of the company’s ongoing effort to delineate high-grade gold mineralisation across its 35-kilometre project corridor.

Alongside drilling, Panther Metals received assay results from 59 grab samples taken from existing stockpiles at Burtville East. These samples, aimed at assessing gold mineralisation beyond the main quartz veins, returned impressive grades exceeding 10 grams per tonne, with standout samples reaching as high as 27.2g/t gold. Such results underscore the potential value locked in these stockpiles and support the project’s development outlook.

Nugget Discoveries at Comet Well

A third-party prospecting group reported the discovery of additional gold nuggets in the Comet Well area, comprising 77 nuggets and 3 ironstone specimens totaling 46.1 grams. While these nuggets have not yet been fully assayed for purity, their visual characteristics suggest high gold content. This discovery has prompted Panther Metals to update and focus new drill targets in the area, aiming to locate the primary sources of this nugget mineralisation.

Financial and Operational Overview

Panther Metals spent $324,000 on exploration activities during the quarter, primarily on drilling. There were no substantive mining production or development activities reported. Payments to related parties amounted to $156,000, covering exploration consulting and director fees. The company ended the quarter with $844,000 in cash and cash equivalents, providing an estimated 1.8 quarters of funding at current expenditure levels. Management is considering options for additional capital raising to support ongoing exploration and development.

Strategic Tenement Holdings

The company maintains a broad portfolio of granted and applied tenements across Western Australia and the Northern Territory, including key projects such as the Laverton Gold Project, Coglia Nickel-Cobalt Project, and several nickel and gold prospects. Recent tenement grants during the quarter include the Meredith Well West Prospect and Marlin Nickel Project, further expanding Panther Metals’ exploration footprint.

Looking Ahead

With ongoing drilling results pending and new targets identified from recent nugget discoveries, Panther Metals is positioned to build on its promising gold exploration momentum. The company’s ability to monetise high-grade stockpiles and secure additional funding will be critical factors shaping its near-term development trajectory.