https://www.engineeringnews.co.za

Panthera starts trading on Aim market

21st December 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Gold exploration and development company Panthera Resources, with key assets in India and West Africa, started trading ordinary shares on the LSE’s Aim market on Thursday.

On admission, the company had 61.8-million at a listing price of 20p apiece, giving Panthera an estimated market capitalisation of £12.4-million on admission.

Panthera CEO Geoff Stanley noted that the listing marked an important milestone for the company. “Our listing provides the London market with a very exciting investment opportunity, particularly within our flagship Bhukia project, where we expect to define a world class, open pittable, gold-copper deposit.

“Progress on the granting of the Prospecting Licence has gathered positive momentum at both the government of India and the government of Rajasthan levels. The board is optimistic that final approvals can be obtained in the next six to 18 months,” he highlighted.

Further, Stanley pointed out that the approval of the Bhukia prospecting licence, the company’s operating focus will be geared towards our portfolio of assets in Burkina Faso and Mali.

These project areas are situated within prospective Birimian greenstone terrains with structural settings typical of where gold deposits are found. The company, with its regional connections and capabilities, is also now in a strong position to capitalise on other prospect opportunities in Burkina Faso, Mali and Ghana.

“Given the highly-experience management team and board, the secure balance sheet, as well as the great range of assets, we are confident that Panthera Resources will deliver excellent results for its shareholders and we look forward to providing the market with updates as work progresses,” said Stanley added.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.059 0.854s - 140pq - 2rq
Subscribe Now