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Panther Metals PLC (LON:PALM) has revealed a new JORC exploration target for the Coglia nickel-cobalt project, following an independent review undertaken by Geomin Services Pty Ltd.

Geomin considered the results of two historical exploration drilling campaigns undertaken between 2001-2003 and in 2018.

Accordingly, it has set out an exploration target for Coglia of between 30mln and 50mln tonnes of laterite ore grading between 0.6% and 0.8% nickel and between 400 parts per million and 600ppm cobalt over an interpreted strike of approximately 5.5 kilometres.

Separately, Panther also notes that two deeper angled historical drill holes, encountered sulphide minerals below the laterite horizon in the underlying ultramafic rocks. The potential for any primary nickel-cobalt sulphide mineralisation will need to be assessed as part of any future studies.

“This is a stunning Exploration Target based on known mineralisation that has the potential to be a company maker, for which in-situ valuations support further project development,” said Panther Metals chief Darren Hazelwood..

“I am absolutely delighted with this result, the numbers speak for themselves, but we also draw confidence in this target being open at depth and along strike with sulphide minerals also encountered.”

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