Pantera Minerals has completed the acquisition of a 100 per cent interest in the Corona gold project in Western Australia.
The acquisition represents a low-cost entry for Pantera, totalling AU$200,000 in consideration.
This was settled through AU$40,000 in cash alongside the issue of over 10.5 million shares at 1.5 cents each, with vendor shares subject to voluntary escrow periods. Vendors retain a combined 2 per cent gross revenue royalty, which includes a fixed-price buy-back option for half the royalty.
The transaction closed on 27 October after satisfying all conditions precedent, including receiving Section 64 Ministerial consent to transfer tenement E28/3555 within a month of signing.
Covering roughly 470 square kilometres across two granted exploration licences, Corona occupies the same structural corridor hosting the 7.89-million-ounce Tropicana gold mine to the north-east and BPM Minerals’ Beachcomber discovery to the south-west.
Historical exploration across the tenure identified an eight-kilometre-long continuous gold-in-bedrock anomaly, featuring historical aircore intercepts up to six metres at 1.50 grams per tonne gold.
Despite widespread shallow drilling by previous operators, only a single reverse circulation (RC) hole has ever been drilled across the prospect area. Untested auger anomalies also extend up to 25 kilometres along strike.
Pantera is fully funded to begin exploration immediately, holding approximately AU$1.7 million in cash reserves at the end of the last quarter, with an additional AU$2 million funding injection expected from EnergyX in April 2027.
The company will initiate native title and heritage engagement with the Upurli Upurli Nguratja traditional owners.
Initial field activities will involve compiling historical datasets and conducting close-spaced ultra-fine fraction soil sampling to refine high-priority auger and aircore targets ahead of maiden RC drilling programs.
