Make Kitco Your Homepage

'A 30- to 50-million tonne exploration target just couldn't be denied' - Panther Metals

Kitco News

(Kitco News) - ASX-listed Panther Metals' Coglia project is just 70 kilometers from Glencore's Murrin Murrin complex in Western Australia.

Tuffin spoke to Kitco on Monday.

Panther Metals (ASX: PNT) touts a maiden 30-50 million tonne JORC-compliant nickel-cobalt exploration target at the Coglia Ni-Co project. Significant drill intercepts at Coglia include 6m at 2.50% nickel, 808ppm cobalt and 6m at 1.57% nickel, 2,170ppm cobalt.

The company is building on past results, said Tuffin, noting two past drilling programs.

"We've got a fairly technical team with Panther. We just did what we do naturally and put it together in a database, had a quick review and it went well. We've got an actual large target here," said Tuffin. "A 30 to 50-million tonne exploration target just couldn't be denied."

Battery metal shortage to last well into the next decade - Piedmont Lithium's Keith Phillips

Murrin Murrin is a remote, fully-integrated nickel and cobalt producer. In 2018, Glencore said that the complex produced 39,717 tonnes of nickel and 3,244 tonnes of cobalt in metal, including metals and minerals we process from third-parties.

Follow Michael McCrae on Twitter: @michaelmccrae

Follow Kitco Mining on Twitter: @KitcoMining

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.