Panthera Resources Plc (LSE:PAT) has launched a new drilling campaign at its Bido Project in Burkina Faso, focusing on the Kwademen prospect. The program will include approximately 1,740 meters of reverse circulation drilling, aiming to confirm previous mineralization findings and assess newly identified targets from recent geological mapping and surveys. This initiative supports Panthera’s broader strategy to maintain its license position and explore restructuring opportunities for its West African gold portfolio amid a supportive gold market environment.
While the company’s technical indicators show strength and market sentiment appears favorable, Panthera continues to face financial headwinds. The lack of profitability and dependence on external capital raise concerns despite the positive implications of recent exploration activities. Future growth will hinge on the success of this program and the company’s ability to stabilize its financial foundation.
About Panthera Resources Plc
Panthera Resources is a gold exploration and development company with a portfolio of assets across West Africa and India. The company’s exploration efforts are concentrated in historically rich gold zones, such as Burkina Faso’s Boromo greenstone belt, where it seeks to unlock new value through strategic drilling and project advancement.
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