It has secured a further extension over its Obonga Greenstone Belt project in Ontario after drilling identified high-grade copper alongside previously reported zinc mineralisation at the Wishbone prospect.

Phase 1 testwork at Panther Metals' Ontario project beat conventional leaching recovery ceilings, opening a path toward alternative extraction technology for the critical mineral.

"We are building out a large-scale VMS system at Wishbone," said chief executive Darren Hazelwood.

Chief Executive Darren Hazelwood said the extension allows the company to "prioritise quality work and strategic decision-making rather than simply chasing drilling metres against a compressed timeline."

"The quantity and apparent thickness of massive sulphide encountered is highly encouraging," said Chief Executive Darren Hazelwood

Panther Metals has finished the first diamond hole at the Awkward Conduit and started a 300m test at the Wishbone VMS prospect as part of its Obonga drilling programme in Ontario.

Panther Metals (PALM), the Canada-focused explorer, says initial drilling at the Awkward Conduit target within its Obonga Project has intersected broad intervals of disseminated and veined sulphides with elevated nickel and cobalt readings.

It has begun a discovery-focused diamond drill programme at the Awkward Conduit Target in its Obonga Project, sinking a single near-vertical hole planned to about 400 metres to test a magma-conduit (chonolith) model for nickel, copper and PGE mineralisation.

The sixth and final batch of Vibracore assay results from the Winston Tailings Project show consistent grades and are expected to feed a NI 43‑101 Mineral Resource estimate and recovery-permit pathway.

The fifth batch of Vibracore assay results show lateral and vertical grade consistency, and are expected to feed the company’s Mineral Resource estimate programme.

It has begun clearing and preparing two permitted drill pads at its Obonga Project in Ontario as it moves toward a planned c.2,000-metre diamond drilling programme.

Assay results from 22 Vibracore collars that confirm lateral and depth continuity of multiple high-grade metals and feed its resource estimate programme.

Batch 3 Vibracore results cover 13 new collars and show consistent vertical and lateral grades across the Winston Tailings, supporting Panther’s push to deliver a NI 43‑101 Mineral Resource estimate and advance permitting.