Panther Metals Plc (GB:PALM) has released an update.
Panther Metals Plc has reported a positive Scoping Study for its Coglia Nickel-Cobalt Project in Western Australia, indicating a net present value (NPV) of A$409M, an internal rate of return (IRR) of 31.8%, and a 3.2-year payback period. The company, which owns a 23.54% stake in Panther Metals Ltd, highlighted the project’s potential mining inventory, low pre-production capital costs, and environmentally friendly bioleach extraction process. These promising early-stage results suggest significant upside potential for the project, which has only considered a fraction of its mineral resource estimate so far.
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