https://www.miningweekly.com
Gold|PROJECT|Projects|Resources|System
Gold|PROJECT|Projects|Resources|System
gold|project|projects|resources|system

Panthera restructures ownership of Mali, Nigeria projects

7th May 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Aim-listed Panthera Resources has entered into definitive agreements with DFR Gold and Maniger to restructure Panthera’s ownership interests in the Kalaka gold project, in Mali, and the Paimasa, Dagma and Dext gold projects, in Nigeria.

Following completion of the restructuring, Panthera will own 100% of Maniger and, consequently, increase its relevant interest in the Kalaka project from 40% to 80%.

The remaining 20% interest in the Kalaka project will continue to be owned by local partner, Golden Spear Mali.

Moreover, Panthera will no longer hold any interests in the Nigerian projects.

As part of the restructuring, Panthera will pay DFR about $67 931.36 to settle intercompany loans.

Related to this, DFR will acquire the Nigerian projects from Maniger for a nominal cash consideration.

“Following a recent re-evaluation of the historical database at Kalaka and improved gold prices, the company has elected to expand its focus at Kalaka. The change in ownership interest in Kalaka better aligns with its planned activities.

“We believe Kalaka is a significant mineralised gold system with the potential for a multimillion-ounce gold resource. The company believes the strong gold price will underpin a lower grade, bulk tonnage development strategy,” Panthera MD Mark Bolton says. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.154 0.191s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: