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Panthera Resources Plc

Panthera Resources Plc

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Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on exploration and development of its gold projects in India and West Africa and the optimisation of other mineral properties.

The company was founded by seasoned industry professionals with wide-ranging international experience that has included senior executive positions with Billiton.

The flagship property in India is located in the State of Rajasthan where the joint venture company (70% Indo Gold) has identified a preliminary JORC (2012)-compliant Inferred Mineral Resource of 38.5Mt @ 1.4 g/t AU (1.74 million ounces of gold). Additional exploration targets have been identified (and in some instances drill tested by the Geological Survey of India) that suggest potential for at least 6 million ounces gold. Drilling is planned to test these additional targets when the current prospecting licence is granted.

  • Multi-disciplined, highly experienced and successful management..
  • Defined strategy to unlock value and optimise assets
  • High value portfolio of gold properties with drill-ready targets
  • Development and optimisation of a +100kt tin deposit in Germany
  • Copper-gold target in India available for rapid assessment
  • Balance sheet secured through a multi-staged financing agreement

Panthera intends to utilise the proven ability of its Board and management team to develop projects at all stages of the value chain to create a significant gold exploration and development group. The Board wants to build a portfolio of high quality, low cost gold assets in India and West Africa. The plan is to do so through exploring and developing its current and future gold resource projects.

A dual work stream approach will be taken working on both the Indian and West African projects simultaneously. In India, emphasis will be placed on attaining the Bhukia PL and then utilising the extensive amount of exploration already completed by IGL, GSI and HZL to drill define a substantial JORC-compliant resource base and complete a bankable feasibility study.

In parallel the Group will be focused on completing Induced Polarisation, Magnetic, soil geochemical and geological mapping, coupled with RC drilling at Naton. Kalaka will continue to be mapped and RC drilling completed to gain a greater understanding of the structures. The devised plan for Bassala is to continue soil geochemical analysis, field mapping and RAB drilling.

In addition to focusing on the development of its existing concessions, the Company intends to utilise its presence in, and knowledge of, India and the West African region as a platform to seek further growth opportunities via joint venture arrangements and/or acquisitions of other metals projects which could add value to the Group.


Large gold resource with significant upside potential

Current JORC inferred resource of 1.74Moz defined over approximately 10 per cent of the gold in soil anomaly, with high potential exploration targets. The Bhukia project has been subjected to over 150 drill holes in addition to extensive sampling, with the GSI producing an unclassified non-JORC resource of 106Mt @ 2.0g/t Au, 0.15% Cu (6.7Moz Au, 160,000t Cu).

Estimated to be a low cost operation

Management believe the Bhukia project hosts all the key parameters to enable a low cost operation. The mine is expected to be shallow open pit with grade being relatively continuous. The large scale ore body contributes to further low costs. Pit optimisations suggest that the majority of the inferred resource may be recovered at low gold prices. The operation has extensive infrastructure, with power, roads and transport in close proximity.

Support of national Governments

The Government of India (“GoI”) is highly supportive of the mining industry, promoted by President Modi’s “Make in India” campaign to strengthen the nation. The GoI has been particularly responsive when dealing with the Company. The development of the Bhukia Project would bring additional employment opportunities for the local community, and the Company anticipates continued support from the GoI and local community alike. The same is also expected of the Governments of Burkina Faso and Mali who are both promoting the resources industry and regional economic growth.

Board and management team

The Company has assembled a strong board and management team that provide a multi-disciplined, well-educated and experienced leadership, collectively demonstrating substantial experience in the exploration, financing, development and operation of mines.

West African portfolio

The combination of assets in both Burkina Faso and Mali present a portfolio of large, cohesive and untested soil anomalies with significant eluvial, alluvial and artisanal workings spread over well-known gold mineralised geological belts. Panthera will take advantage of its team’s extensive experience in the areas to develop the projects.

Panthera Resources Plc Board Members

Michael Lindsay Higgins - Non-Executive Chairman
Geoffrey Douglas Stanley - Managing Director
Christopher Rashleigh - Non-Executive Director
Peter Joseph Carroll - Non-Executive Director
David Mathew Stein - Non-Executive Director
Timothy James Hargreaves - Non-Executive Director

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