Pantera Minerals Confirms High-Grade Antimony and EnergyX Stake Re-Rated to A$42.6 Million

Exceptional Assay Results Elevate Gillham Prospects

Pantera Minerals (ASX:PFE) has delivered a major boost to its Gillham Silver-Antimony Project in Arkansas, with Phase 2 exploration confirming outstanding high-grade mineralisation. Rock chip assays revealed antimony grades as high as 19.2% and silver up to 63.8 g/t, accompanied by significant base metals including zinc and lead. These results underpin the district-scale potential of the project, which spans approximately 5,000 acres and hosts more than 18 historical workings.

The standout samples came from the Stewart and Stewart North prospects, where one rock chip returned 7.55% antimony alongside 63.8 g/t silver and substantial zinc and lead grades, while another hit 19.2% antimony with 12.25 g/t silver. Additional high-grade results were recorded at the May and Antimony Bluff prospects, including 15% antimony at Antimony Bluff and 9.3% at May, validating these as priority drill targets.

Drilling Plans Accelerate with Refined Targets

Following comprehensive soil and rock sampling programs that expanded geological coverage and refined geochemical anomalies, Pantera has identified two coherent antimony anomalies stretching 400m and 500m within a broader 2km mineralised trend along the Stewart-May corridor. This has enabled the company to prioritise maiden drilling at the Davis, Stewart, and May prospects, with drilling expected to commence in the third week of August.

The Davis Prospect stands out as the largest historical working in the district and presents a polymetallic target backed by previous high-grade silver, copper, lead, and zinc samples. Stewart benefits from historical stibnite production and strong coincident soil anomalism, while May combines coherent soil anomalies, shallow historical shafts, and newly confirmed high-grade surface mineralisation.

EnergyX Investment Re-Rated Amid Strategic Developments

Pantera’s strategic stake in Energy Exploration Technologies Inc. (EnergyX) has been revalued to approximately A$42.6 million following EnergyX’s increase in its Regulation A capital raise price to US$13 per share, representing a 37% uplift from Pantera’s entry price. This re-rating reflects EnergyX’s progress in lithium technology and project development, including commissioning its Texas lithium demonstration plant.

EnergyX also advanced its Project Powder Hound, signing a non-binding Memorandum of Understanding with Compass Minerals to develop a commercial-scale Direct Lithium Extraction (DLE) and refinery facility near Utah’s Great Salt Lake. The proposed project would leverage EnergyX’s proprietary GET-Lit™ technology, with EnergyX responsible for design, funding, construction, and operation, while Compass Minerals would lease land and receive production licence fees.

Global Energy Major Eni Invests US$225 Million in EnergyX

Post-quarter, EnergyX announced a landmark US$225 million strategic investment from global energy giant Eni S.p.A. for a 25% interest in EnergyX’s Black Giant lithium brine project in Chile. This injection not only validates EnergyX’s technology platform but also bolsters Pantera’s exposure to lithium development through its EnergyX shareholding. The investment pertains solely to the Black Giant project and does not affect Pantera’s shareholding volume.

Financial Position and Forward Focus

Pantera closed the quarter with $517,000 in cash, supported by ongoing payments from the sale of its Smackover Lithium Brine Project, including a $2 million receipt post-quarter and another due in April 2027. The company remains funded for its current exploration program and is actively preparing for maiden drilling, including finalising drill target rankings, programme design, and permitting.

The coming quarter will see Pantera integrate extensive geological, geochemical, and historical data to optimise its drilling campaign at Gillham, while continuing to monitor developments at EnergyX and evaluate further US critical minerals opportunities aligned with its strategic objectives.