Panther Metals PLC announced further results from the Phase 1 Sampling and Testing Programme at Fulcrum's Teck-Hughes Gold Tailings Project in Ontario, Canada. The initial tailings composite sample leaching results using Extrakt Processing Solutions LLC ("Extrakt") non-toxic technology has achieved strong initial gold recovery rates of up to 59.4%. On 7 May 2024 Fulcrum reported average weighted grade derived from six site composite tailings samples is 0.717g/t Au, which is 16.9% higher than the historic weighted average of the composites for the same six sampling sites.

Phase 1 Sampling and Testing Programme Summary   The programme, which is designed to evaluate the efficiency of Extrakt's processing technology in recovering gold from the tailings at the Teck-Hughes Project, has been very successful to date. Sampling and analysis of the gold content of the tailings produced composite samples for each of the six sites returning an average weighted grade of 0.717g/t Au which is 16.9% higher (announced 7 May 2024) than historic sampling of the same sites. Initial leach tests using the Extrakt Technology has reported gold recovery rates of up to 59.4%, using the as-received composite sample with no re-grinding.

  Further leach tests are underway to optimise the operational parameters to achieve beyond 60% recovery focussing on overall efficiency and cost effectiveness.