Pantera expands Corona gold footprint along promising Yellow Dam corridor

Pantera Minerals Limited (ASX:PFE) has increased its Corona Gold Project by roughly half the size of the original package, adding 236 square kilometres along the same structural corridor that produced high-grade results for neighbouring BPM Minerals. The move takes Pantera’s consolidated Corona position to approximately 731 square kilometres, although the new E28/3634 tenement is still under application and no exploration results have been reported from it.

New Tenement Extends Corona Along Yellow Dam Corridor

“Location of the New Tenement (blue hatch) relative to Corona Project (E28/3556 and 3555) and surrounding tenure. BPM’s Forelands tenements, Bonnie & Clyde and Beachcomber.”

E28/3634 comprises 76 blocks immediately north-east of Pantera’s existing Corona ground and roughly 10 to 25 kilometres north of BPM’s Bonnie & Clyde and Beachcomber prospects. It is crossed by the Yellow Dam Shear Zone, described in the announcement as a splay of the regional Cundeelee Fault, and sits between BPM’s discoveries and Pantera’s existing eight-kilometre gold-in-bedrock aircore anomaly.

The timing is notable because BPM’s first two RC holes at Bonnie & Clyde returned 4 metres at 20.57 grams per tonne gold and 8 metres at 9.23 grams per tonne gold. Those results came from mineralisation beneath 15 to 30 metres of paleochannel cover, but Pantera cautions that neighbouring results are regional context only and are not necessarily indicative of mineralisation on its own tenements.

UFF Sampling Comes Before Drilling

Pantera plans to apply ultra-fine fraction soil sampling across the enlarged project, including historical auger anomalies, the existing aircore trend and the Yellow Dam corridor through E28/3634. The company says the technique has been used on adjoining ground to identify gold beneath cover, and is targeting its first UFF campaign for the first quarter of 2027, followed by aircore and RC drilling in the second quarter subject to heritage clearances, access arrangements and approvals.

The expansion arrives shortly after the company completed its Corona acquisition in late October, a transaction that brought a 470 square kilometre Western Australian project into its portfolio. Historical work on the new tenement includes wide-spaced auger sampling, but no RC or diamond drilling has tested its bedrock gold potential. That leaves the geological rationale substantial, but the evidence on the added ground remains reconnaissance-stage.

Funding and Approval Hurdles Remain

Pantera says it had $1.7 million in cash at 30 September 2026 and expects a further $2 million receivable from EnergyX in April 2027, which it describes as sufficient to fund the first-year Corona program. Heritage and access engagement with the Upurli Upurli Nguratja native title holders is under way and will extend to the new tenement. The application, clearances and subsequent exploration results are therefore the immediate tests of whether the larger footprint can become a meaningful discovery story rather than simply a larger map position.