Panther Metals Unveils Maiden High-Grade Gold Resource at Burtville East

Maiden Resource Marks a Milestone

Panther Metals Ltd (ASX, PNT) has taken a significant step forward with the completion of its maiden JORC Mineral Resource Estimate (MRE) for the Burtville East Gold Project in Western Australia. The estimate outlines a near-surface resource of 62,300 tonnes at an impressive grade of 4.24 grams per tonne gold, equating to approximately 8,600 ounces at a 1.5g/t cut-off. This initial resource provides a robust foundation for Panther’s ambitions to develop the project into a viable open pit mining operation.

Drilling Success Reinforces Potential

The 2025 drilling campaign at Burtville East has delivered a series of high-grade gold intercepts that reinforce the scale and quality of mineralisation. Notable results include intercepts such as 6 metres at 11.99g/t gold and a standout 1 metre at 35.9g/t gold, underscoring the project's potential for near-term resource growth. These results also confirm continuity of mineralisation along strike and at shallow depths, with mineralisation remaining open at depth, suggesting further upside.

Broader Laverton Portfolio Shows Promise

Beyond Burtville East, drilling at the Rainier Prospect within the Laverton Gold Project has returned encouraging results, validating historic drilling by Newmont from the late 1990s. Intercepts such as 2 metres at 2.16g/t gold and 10 metres at 0.89g/t gold highlight the prospectivity of this area and suggest the presence of a second ultramafic system, expanding Panther’s exploration horizons within its 35-kilometre mineralised corridor.

Advancing Towards Development

With the maiden resource now defined, Panther Metals has initiated a scoping study to assess the economic viability of open pit mining at Burtville East. This study will integrate the latest drilling data and metallurgical test work to inform strategic planning. Managing Director Daniel Tuffin emphasised the company’s confidence in the project’s development potential and the clear opportunities for resource expansion.

Financial Position and Next Steps

During the quarter, Panther Metals spent $162,000 on exploration activities, primarily focused on assays and drilling costs. There were no mining production or development expenditures reported. The company ended the quarter with $441,000 in cash, following net cash outflows from operating and investing activities. Panther is currently considering options to raise additional funds to support ongoing exploration and development efforts.