Panthera intends to utilise the proven ability of its Board and management team to develop projects at all stages of the value chain to create a significant gold exploration and development group. The Board wants to build a portfolio of high quality, low cost gold assets in India and West Africa. The plan is to do so through exploring and developing its current and future gold resource projects.
A dual work stream approach will be taken working on both the Indian and West African projects simultaneously. In India, emphasis will be placed on attaining the Bhukia PL and then utilising the extensive amount of exploration already completed by IGL, GSI and HZL to drill define a substantial JORC-compliant resource base and complete a bankable feasibility study.
In parallel the Group will be focused on completing Induced Polarisation, Magnetic, soil geochemical and geological mapping, coupled with RC drilling at Naton. Kalaka will continue to be mapped and RC drilling completed to gain a greater understanding of the structures. The devised plan for Bassala is to continue soil geochemical analysis, field mapping and RAB drilling.
In addition to focusing on the development of its existing concessions, the Company intends to utilise its presence in, and knowledge of, India and the West African region as a platform to seek further growth opportunities via joint venture arrangements and/or acquisitions of other metals projects which could add value to the Group.