Panther Metals (ASX:PNT) will shortly commence its second drilling campaign at the Coglia Nickel-Cobalt Project in Western Australia with an aim to grow the 70.6Mt resource.
The Coglia Nickel-Cobalt Project is located 70km southeast of the town of Laverton in the Eastern Goldfields region of Western Australia.
Located within trucking distance to Glencore’s Murrin Murrin HPAL plant, Coglia became the company’s flagship battery metals project shortly after listing in December 2021.
Highlights:
- Extensional drilling to commence at the Coglia Nickel-Cobalt Project.
- Reverse circulation drill program targeted to grow the 70.6Mt Nickel-Cobalt resource.
- Focused on the Southern JORC Exploration Target, Central and East drill targets.
- Further High Pressure Acid Leach (HPAL) metallurgical testing planned on new targets.
- Recent HPAL testing returned a final nickel extraction of 92.6% and a cobalt extraction of 73.9% without any beneficiation.
- Alternative techniques for extraction, such as heap leach, to also be investigated.
“This is the start of the next exciting phase for the Coglia Nickel-Cobalt Project as we continue to build on the 70.6Mt Inferred Mineral Resource with a second round of targeted extensional drilling,” Managing Director and CEO, Daniel Tuffin, said.
“Focussed on resource growth, the exploration programme aims to further unlock the world- class battery metals potential of Coglia.
“This includes drilling to convert the Southern JET, which currently contains potential mineralization of 32-64Mt of nickel (0.40 to 0.65%) and cobalt (400 to 600 ppm), into resource classification along with further extensional drilling of the Central target, and North and South resource areas.
“Drilling is also planned for the untested East drill target, which if mineralized, has the potential to further add to the Coglia resource estimate.
“Additional HPAL testing will be carried out on these new target areas and a review of alternative processing techniques, such as Heap Leach, will be carried out to test the viability of their application to the project.”
For further information please visit: https://panthermetals.com.au/
