In Q2 2019 Panther established a gold project portfolio in Australia's Northern Territory.
The portfolio comprises the Marrakai and the Annaburroo Gold Project Areas located to the southeast of Darwin. The projects were secured directly from the Department of Mines and Energy giving Panther and its shareholders low cost of entry to projects, whilst enabling the Company to significantly increase its gold portfolio in the short to medium term.
The Marrakai Gold Project
Project Overview
Area: 10.1km2
Location: 70km southeast of Darwin
The Marrakai Gold Project Exploration Licence (EL32121) covers an area of 10.1km2 and contains a series of gold prospects and geochemical anomalies.The project is located near infrastructure with operational gold projects located approximately 18km away. Within the vicinity is the high-grade Toms Gully underground mine containing 1.1Mt @ 8.9 g/t Au. Nearby Rustlers Roost is one of the largest gold projects in the region containing 51MT @1.0 g/t Au (1.6 Moz).
Highlights
The Annaburroo Gold Project
Project Overview
Area: 149.8km2
Location: 105km southeast of Darwin
The Annaburroo Gold Project Exploration Licence (EL32140) covers an area of 149.8km2 and is located 105km to the southeast of Darwin. The project is located near infrastructure with operational gold projects located approximately 18km away. Within the vicinity is the high-grade Toms Gully underground mine containing 1.1Mt @ 8.9 g/tAu. Nearby Rustlers Roost is one of the largest gold projects in the region containing 51MT @1.0 g/t Au (1.6 Moz).