Pantera Minerals (ASX: PFE) (OTCQB: PTMLF) completes 470km² Corona Gold Project acquisition, clearing path for WA exploration
Jane Morgan Management
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100% Acquisition Complete: Pantera secures the 470km² Corona Gold Project in WA for $200,000, expanding its gold exploration portfolio at a modest upfront cost.
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Significant Untested Gold Targets: Historical exploration identified an 8km-long gold-in-bedrock anomaly and untested surface gold anomalies reaching 128ppb, with limited historical drilling.
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Fully Funded to Commence Exploration: Pantera reported approximately $1.7 million in cash at the previous quarter-end, with heritage engagement and soil sampling planned ahead of targeted drilling.
28 October 2026 – Perth, WA | Pantera Minerals (ASX: PFE) has completed its acquisition of the 470km² Corona Gold Project in Western Australia’s Albany Fraser Orogen, securing 100% ownership of a largely underexplored gold project and clearing the way for an initial exploration program targeting historical gold anomalies.
The acquisition was finalised on 27 October 2026, less than a month after the agreements were announced, following satisfaction of all conditions precedent, including Ministerial consent for the transfer of one of the project's two exploration licences.
Located approximately 200km east of Kalgoorlie, Corona contains an 8km-long gold-in-bedrock anomaly identified through historical aircore drilling, alongside several untested gold anomalies in the western portion of the project.
Pantera acquired the project for total consideration of $200,000, comprising $40,000 in cash and $160,000 in shares, together with a 2% aggregate gross revenue royalty subject to partial buy-back provisions.
The relatively modest upfront acquisition cost provides Pantera with exposure to a substantial gold exploration landholding while retaining capital for its proposed exploration activities.
Historical drilling highlights exploration potential
The Corona prospect contains an 8km-long interpreted gold-bearing structure identified through historical aircore drilling, with results including 6m at 1.50g/t gold from 66m, including 2m at 2.55g/t gold, and 11m at 0.29g/t gold from 93m.
Despite the extent of the anomaly, only one reverse circulation (RC) drillhole has been completed in the prospect area, approximately 250m from the strongest historical anomaly.
Elsewhere within the project, historical surface sampling identified multiple gold anomalies exceeding 50 parts per billion (ppb), with peak results of 128ppb gold.
These western anomalies have not been followed up with closer-spaced sampling or drilling, while approximately 30% of the broader project area has never undergone geochemical sampling.
The historical results remain unverified by Pantera's own drilling or sampling and will require further exploration to establish their significance.
Regional gold discoveries provide exploration context
Corona lies within the Albany Fraser Orogen, along the broader structural corridor that hosts the Tropicana gold mine and BPM Minerals' Beachcomber gold discovery.
BPM's nearby Beachcomber discovery has reported high-grade drilling intersections including 3m at 65.8g/t gold and 1m at 85.61g/t gold.
Importantly, Beachcomber was identified beneath a surface gold anomaly measuring 74ppb, providing regional exploration context for Corona's historical surface sampling results.
However, results from neighbouring projects are not necessarily indicative of the mineralisation present at Corona.
The project is also located within approximately 200km of several established gold processing facilities, including Paddington and Lakewood.
Acquisition completed with funding available for exploration
Pantera has confirmed it is funded to commence exploration at Corona, reporting approximately $1.7 million in cash at the end of the previous quarter, with a further $2 million expected from EnergyX in April 2027.
The acquisition involved the issue of 10,568,030 shares to the vendors at a deemed price of $0.01514 per share, alongside the previously paid $40,000 cash consideration.
Pantera has also issued shares in partial settlement of an introduction fee, bringing its total ordinary shares on issue to 504,138,656.
The company has stated that its planned work at Corona will not divert funding or attention from its existing US critical minerals portfolio.
Exploration program to commence
With ownership secured, Pantera will begin heritage and access engagement with the Upurli Upurli Nguratja native title holders and undertake a review and reinterpretation of historical exploration data.
The company plans to complete closer-spaced ultra-fine fraction (UFF) soil sampling across priority gold anomalies to better define potential drilling targets.
The results will inform the ranking of targets for subsequent aircore and RC drilling, subject to the necessary work programs and access arrangements.
The immediate focus will be on validating historical exploration targets and determining which areas warrant more detailed investigation.
About us:
ABOUT PANTERA MINERALS
Pantera Minerals Limited (ASX: PFE | OTCQB: PTMLF) is a critical minerals and gold exploration company advancing a portfolio of projects in the United States and Australia.
The Company's US portfolio includes the Gillham Antimony-Silver Project in Arkansas, where maiden diamond drilling is underway. Pantera is focused on leveraging modern exploration techniques, including geochemistry, geophysics and advanced modelling, to evaluate mineralisation in historically explored and mined districts.
In Western Australia, Pantera holds a 100% interest in the 470km² Corona Gold Project, located approximately 200km east of Kalgoorlie in the Albany Fraser Orogen. The project hosts an 8km-long historical gold-in-bedrock anomaly and multiple untested gold anomalies, with exploration activities planned to advance priority targets towards drilling.
In addition to its direct project interests, Pantera holds a strategic 2.34 million share interest in Energy Exploration Technologies Inc. (EnergyX), a privately held US developer of direct lithium extraction technology and lithium projects in the United States and South America.
Contact details:
For further information, please contact:
Barnaby Egerton-Warburton
Executive Chairman and CEO
E: [email protected]
P: +61 (0) 437 291 155
Jane Morgan
Investor Relations
E: [email protected]
P: +61 (0) 405 555 618
