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Panther Metals PLC on Tuesday announced the start of a tailings sampling programme at the Winston project, with its chief executive calling this ‘the first step in adding significant value’. Shares in Panther Metals were trading 4.3% higher at 60.50 pence on Tuesday afternoon in London. The stock had earlier jumped to 65.00p. The Winston project is an advanced stage polymetallic zinc, copper and precious metal property, located in Ontario, Canada, on the Winston Lake mine. Panther said it produced around 3.3 million tonnes of ore during the decade ended 1998, when it was operational. The Canada-focused mineral deposits exploration company said: ‘This [tailings sampling] initiative marks a key step in assessing the potential to reprocess historical mine tailings, aiming to unlock residual metal value, extend project life, improve overall returns, and contribute to the long-term environmental rehabilitation of the site.’ Panther furthermore said reprocessing Winston’s tailings could allow it to subtantially increase the project’s underlying value, extend operational cashflow, and fast-track potential development using existing site infrastructure. Additionally, Panther Metals said the programme will quantify Winston’s potential for resource growth based on historical recovery rates. ‘This tailings sampling programme is the first step in adding significant value to the Winston project,’ commented Chief Executive Officer Darren Hazelwood. ‘Based on the historical mine processing recoveries, we believe there is a strong opportunity that the metal contained on the mine tailings could nearly double the known resource base at Winston - while also addressing legacy environmental impacts. This presents a rare opportunity to deliver both economic and environmental returns.’ Panther Metals also said that its Obonga project in Ontario continues to demonstrate significant potential as an initiative targeting base and critical minerals. Meanwhile, the Dotted Lake project remains ‘a key asset in Panther’s growth portfolio’ in part due to ‘robust recent results’. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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