Panthera Resources Plc (LSE:PAT) issued an update regarding the ongoing arbitration proceedings between its Australian subsidiary, Indo Gold Pty Ltd, and the Republic of India. The case relates to India’s alleged breach of a 1999 bilateral investment treaty, following the government’s refusal to grant a Prospecting Licence for the Bhukia Project, which Indo Gold claims resulted in a total loss of its investment.
The arbitral panel has now established a procedural calendar for phase one of the proceedings, which will address jurisdiction, merits, and compensation principles. Hearings are set to take place in December 2026, marking a critical milestone in what could become a precedent-setting case for foreign mining investments in India.
Panthera emphasized that the arbitration outcome could have a material impact on the company’s future strategy and valuation, particularly given Bhukia’s potential as one of India’s most promising undeveloped gold projects.
While Panthera’s shares continue to demonstrate strong technical momentum and benefit from positive sentiment surrounding recent corporate developments, financial fragility and ongoing operational losses remain key challenges. The company’s dependence on external funding adds further uncertainty to its near-term outlook.
More about Panthera Resources Plc
Panthera Resources Plc is a gold exploration and development company with operations across West Africa and India. Its flagship asset, the Bhukia Project in Rajasthan, is considered a high-potential gold resource. The company’s strategy centers on advancing exploration projects through partnerships, arbitration recovery efforts, and disciplined capital allocation to unlock long-term value for shareholders.
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