Panther Metals PLC announced the commissioning of a high resolution airborne magnetic geophysics survey ("Magnetics Survey") at the Company's Obonga Project in Ontario, Canada. The Magnetics Survey will be carried out by Pioneer Exploration Consultants Ltd. ("Pioneer") over an estimated 430 line/km utilising an unmanned aerial vehicle ("UAV" or "Drone") over three VMS prospect areas including the Wishbone Prospect, the Survey Prospect and the Ottertooth Prospect. The Wishbone and Survey prospects are both known to host VMS mineral systems, based on Panther's 2021 and 2022 drilling programmes whilst the Ottertooth Prospect has been identified as being highly prospective for hosting VMS style mineralisation based on regional scale geophysical modelling and lake sediment geochemical data.

The high-resolution Magnetics Survey data will provide amongst a variety of data products, a three dimensional ("3D") inversion model that will help refine planned drill hole orientations to target high grade base metal zones at depth, as well as providing inputs for the mineral system modelling.