Panther Metals’ Canadian exploration programs continued to push ahead during the coronavirus crisis,
During the period the companies net assets rose from GBP414,000 as at the end of December to nearly GBP1.1mln.
“The first six months of 2020 were marked by the onset of the coronavirus pandemic,” commented chairman Kerim Sener.
“This created a large degree of uncertainty, which the company mitigated by implementing a series of measures to ensure work programmes could proceed sensibly under a new set of conditions, where possible. In Canada work continued with fieldwork and sampling, in addition to the commencement of what has proven to have been a very successful airborne geophysical programme. This has highlighted several target areas worthy of follow-up work. In addition, the company prepared for the acquisition of further claim areas in the vicinity of Big Bear and the acquisition of the Dotted Lake property, both occurring immediately post-period end.”
The company has been unable to undertake fieldwork on its Australian operations. However, it has been conducted work on historic data.