- Panther Metals (PNT) enters a trading halt as the company prepares to undertake a capital raise
- Trading of PNT shares will be paused until Thursday, September 8, by which time Panther would have released further details about the funds it is seeking to raise
- The company recently began a 1200-metre diamond drilling program at the Ironstone gold prospect within its Merolia project in WA
- Additionally, Panther wrapped up stratigraphic diamond drilling at its Burtville East gold project in WA last month
- Shares in PNT last traded at 19 cents each on September 5
Panther Metals (PNT) has entered a trading halt as the company prepares to undertake a capital raise.
Trading of PNT shares will be paused until Thursday, September 8, by which time Panther would have released further details about the funds it is seeking to raise.
It is not yet known where the funds will be directed or how much the company is looking to raise.
Panther recently began a 1200-metre diamond drilling program at the Ironstone gold prospect within its Merolia project in WA.
The drilling aimed to test and verify historic mineralisation, soil sampling and modelling.
Additionally, Panther wrapped up stratigraphic diamond drilling at its Burtville East gold project in WA last month.
It had scheduled further reverse circulation (RC) drilling at the project for the end of August to test strike extents.
Whilst these projects have been the focus of the company’s more recent exploration efforts, it has numerous projects in WA and the Northern Territory targeting nickel and gold.
The company finished the June quarter with $2.3 million in available funding, which was due to last just under two quarters.
Shares in PNT last traded at 19 cents each on September 5.