After a funding round of A $ 300,000, the company’s stake in Panther Australia is now 77%
() Chairman Kerim Sener hailed the “formidable” six months for the company in Australia and Canada as the mineral exploration group announced interim results.
Australian subsidiary Panther Metals Limited (Panther Australia) is moving towards an ASX listing, he said.
“Panther Australia is currently in the process of preparing its prospectus and an independent geological report, with the assistance of its legal advisers and geological consultants.
“It is expected that an ASX in-principle submission will be made to the Australian Securities Exchange in the near future, which would trigger the initial process of an ASX listing.
After a recent round of funding of A $ 300,000, the company’s stake in Panther Australia is now 77%.
In Canada, meanwhile, drilling has started at the Dotted Lake prospect in Ontario, he added.
Sener said part of the reason for the rapid progress was the company’s use of fully in-country teams, which, he added, “would remain a core feature of our overall strategy. in the future, as will the concept of splitting parts of our project portfolio into country- or project-specific entities ”.
Panther’s half-year results at the end of June showed a loss of £ 88,000 (£ 388,000).
Earlier this week, he raised £ 630,000 to fund exploration at Dotted Lake and on the Wishbone VMS, his other major project in Canada.