Panthera Resources Plc

Description

Panthera Resources Plc is a pre-production gold company with active exploration interests in Burkina Faso and Mali together with a major treaty arbitration claim relating to the former Bhukia Gold Project in India. The West African portfolio is led by Cascades and Kalaka, supported by earlier-stage exploration at Bido and Bassala.

The investment case combines resource-stage gold exposure with significant exploration and legal optionality. Cascades is advancing through a partner-funded feasibility study, where Panthera holds a 20% carried interest plus a 10% back-in right. Kalaka adds an 803 koz inferred gold resource, while Bido and Bassala provide discovery upside. The Bhukia arbitration claim could provide additional value but remains binary and uncertain.

List of Projects:

Project 1: Bhukia, Rajasthan, India — Gold / Arbitration claim
Disputed 1.74 Moz JORC resource. Panthera is pursuing a US$1.58B treaty claim; it is not an active development project.

Project 2: Cascades, Burkina Faso — Gold / Feasibility-stage interest
635 koz Au at 1.60 g/t. Panthera holds a 20% carried interest plus a 10% back-in right; feasibility work is funded by DFR.

Project 3: Kalaka, Mali — 85%-owned / Gold / MRE Resource Stage
803 koz inferred at 0.50 g/t with positive metallurgical recovery results. Licence renewal is pending.

Project 4: Bido, Burkina Faso — 80%-owned / Gold / Early exploration
High-grade exploration results with additional follow-up work planned.

Project 5: Bassala, Mali — 85%-owned / Gold / Early exploration
Five drill targets in a prospective Birimian belt; licence renewal remains pending.

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List of projects

Project details have not been added yet.

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