Panther Metals Plc provided an update for the Obonga Project's Wishbone Prospect which is an emerging and highly prospective base metal volcanogenic massive sulphide system in Ontario, Canada. Following the completion of the 2025 high resolution drone based airborne magnetic geophysics survey over the Wishbone Prospect, the geophysical data has subject to three-dimensional inversion modelling with a view to refining the parameters of the permitted drill holes ahead of a diamond drilling programme. This acts as a high-pass filter to sharpen anomaly edges, reduce regional background noise and better resolve closely spaced magnetic bodies.

The Wishbone Drone Magnetic Survey work followed on from the 2022 drill programme to target multiple high priority electromagnetic and magnetic geophysical anomalies prospective for volcanogenic massive sulphide hosted copper /base metal mineralisation. Panther's two hole 600m drilling programme in autumn 2021 had confirmed Wishbone as a VMS base metals target and the 2022 drilling sought to follow-up on the massive sulphide and zinc /copper intersections as well as to test further coincident magnetic and electromagnetic conductor geophysical anomalies identified by regional airborne surveys. The Wishbone assay result suite, including rare earth element analyses, has yielded important geochemical information allowing the classification of the mineralisation, alteration ratios and the development of exploration vectors towards zones of potential economic interest.

3D Inversion modelling will facilitate drill hole orientation planning to target the expected high base metal grade parts of the targeted VMS systems.