Lead-silver exploration now underway

Pantera Minerals has commenced field exploration at its Frederick lead/silver project. This comes after PFE last week completed a comprehensive ground gravity survey and an in-depth review of all available surface sampling. Survey results are expected in four weeks.

PFE’s lead/silver projects (the Frederick Project and the nearby Hellcat Project) are located in WA’s Gascoyne region, which is in a similar geological setting to Galena Mining’s globally significant lead-silver project Abra Pb-Ag deposit.

While we didn’t state an objective in our 2022 Investment Memo for PFE to achieve with this project, the field work aligns with its strategy of year round exploration and complements work at the PFE’s other projects — including its main Iron Ore project.

Drilling of the flagship Yampi Iron Ore project remains our main objective for PFE this year. Here we want to see the company delineate a large, high grade iron ore resource, which might one day attract the attention of a bigger company as a takeover target. As mentioned in our last note on PFE, the team is keen to commence the next drill campaign here once the wet season passes, likely in Q2 2022.

Our other objectives for the company this year, along with the risks involved and our own investment plan for the stock see our Investment Memo, here.