\n| \n Determine 1:<\/span><\/strong> Plan view of modelled Wishbone VMS Goal exhibiting magnetic inversion mannequin, geological contacts and placement of Panther diamond drillholes (primarily based on magnetic inversion mannequin shells).<\/p>\nNotes:<\/span><\/strong> Scale bar and north arrow in backside left nook of determine. Coordinates said in UTM Zone 16N NAD 83 datum. Picture highlights the scale of the modelled magnetic physique at depth. Darkish blue dots signify permitted drill pad places. The determine is overlain by a semi-transparent floor rendering of the topographical map, from which the hint of the Wishbone Lake might be discerned (mild blue). The inexperienced block mannequin beneath the topography displays the greenstone volcanic geology, the beige block mannequin to the north is granitoid. The granitoid\/volcanic contacts are interpreted to be faulted. A collection of three concave fault\/contacts are presently interpreted to dissect the magnetic inversion mannequin. The down-hole traces of Panther’s 2021 and 2022 drilling are proven in plan view. The working mannequin is dynamic and shall be up to date because the 2026 work programme develops. <\/p>\n<\/td>\n<\/tr>\n\n| \n ![\"\"](\"https:\/\/dw6uz0omxro53.cloudfront.net\/3649000\/8822fe08-577b-48bc-8883-36914b16ae2c.jpg\"\/) <\/p>\n
Trying south (180\u00b0 \/ 45\u00b0)<\/em><\/em><\/p>\n<\/td>\n| \n ![\"\"](\"https:\/\/dw6uz0omxro53.cloudfront.net\/3649000\/0b47d8db-7a99-487d-9a9c-23cd249350cd.jpg\"\/) <\/p>\n
Trying north (000\u00b0 \/ 45\u00b0)<\/em><\/em><\/p>\n<\/td>\n<\/tr>\n\n| \n ![\"\"](\"https:\/\/dw6uz0omxro53.cloudfront.net\/3649000\/cded6e68-0e2d-486b-a3ce-f0e63e6418af.png\"\/) <\/p>\n
Trying north-westerly (340\u00b0 \/ 45\u00b0)<\/em><\/em><\/p>\n<\/td>\n| \n ![\"\"](\"https:\/\/dw6uz0omxro53.cloudfront.net\/3649000\/a6783c87-8131-4f13-b7cb-ccf06b805517.png\"\/) <\/p>\n
Trying north-easterly (060\u00b0 \/ 45\u00b0)<\/em><\/em><\/p>\n<\/td>\n<\/tr>\n\n| \n Determine 2:<\/span><\/strong> Collection of indirect three-dimensional views of modelled of modelled Wishbone VMS Goal exhibiting location of Panther diamond drillholes (primarily based on magnetic inversion mannequin shells).<\/p>\nNotes<\/span><\/strong>: Picture highlights the scale of the modelled magnetic physique at depth. Blue dots signify permitted drill pads. For relative scale and outline of different options please see the notes beneath Determine 1.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n| \n ![\"\"](\"https:\/\/dw6uz0omxro53.cloudfront.net\/3649000\/18cc07b0-2f57-45b5-972c-da5f511dbb81.png\"\/) <\/p>\n<\/td>\n<\/tr>\n
| \n| \n Determine 3: First Vertical By-product Magnetic Survey Map information from the 2025 Wishbone Survey.<\/p>\n Notes:<\/span><\/strong> The primary vertical spinoff map enhances shallow, near-surface geological options by calculating the speed of change of the magnetic area within the vertical route. This acts as a high-pass filter to sharpen anomaly edges, cut back regional background noise and higher resolve intently spaced magnetic our bodies.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nWishbone VMS Goal Background<\/span><\/strong><\/p>\nThe Wishbone Drone Magnetic Survey work adopted on from the 2022 drill programme to focus on a number of excessive precedence electromagnetic (“EM”) and magnetic geophysical anomalies potential for volcanogenic large sulphide (“VMS”) hosted copper \/ base metallic mineralisation. Panther’s two gap 600m drilling programme in autumn 2021 had confirmed Wishbone as a VMS base metals goal and the 2022 drilling sought to follow-up on the large sulphide and zinc \/ copper intersections in addition to to check additional coincident magnetic and electromagnetic conductor geophysical anomalies recognized by regional airborne surveys.<\/p>\n Historic drilling within the Nineteen Seventies intersected large stringer and disseminated sulphide 800m north of the Wishbone anomaly and drilling by BHP within the Nineties intersected large stringer and disseminated sulphide 600m south of the anomaly.<\/p>\n BHP ranked the Wishbone anomaly a excessive precedence for observe up in 1992, nonetheless no additional work was accomplished previous to 2021. Airborne geophysics datasets compiled since that point have proven that the historic drilling did not intersect the most important anomalies.<\/p>\n Wishbone is located in an analogous geological setting to the close by Sturgeon Lake VMS mining camp, on the Wabigoon Greenstone Belt, roughly 75km due west. The Sturgeon Lake VMS Camp is host to 5 historic zinc-copper-lead-silver producing mines, with a mixed whole manufacturing of: 19.8Mt @ 8.50% Zn, 1.06% Cu, 0.91% Pb & 119.7g\/t Ag.<\/p>\n In 2021 Panther’s two gap, 600m diamond drilling programme, intercepted a number of lenses of sulphide mineralisation together with in drill gap BBR21_WB_001 a 27.3m vast intercept of large sulphide mineralisation and in gap BBR21_WB_002 51m of sulphide-dominated mineralisation.<\/p>\n Large large sulphide and semi-massive sulphide mineralisation intersections had been made in each drill holes:<\/p>\n \n- WB001: Three vast sulphide intersections:\n
\n- 27.3m of large sulphide from 106.2m (‘Higher layer’), with fault at base;<\/li>\n
- 2.5m of large sulphide from 234.8m (‘Mid layer’; and<\/li>\n
- 1.4m of large sulphide from 256.6m (‘Decrease layer’)<\/li>\n<\/ul>\n<\/li>\n
- WB002: Large zoned sulphide intersection:<\/span>\n
\n- 51m from 174m comprising a large zone of sulphide dominated mineralisation, together with:
<\/span><\/li>\n- 17m from 180m of large sulphide (‘Higher zone’) and
<\/span><\/li>\n- 7m from 218m of semi-massive sulphide (‘Decrease zone’)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
In Panther’s 2022 drill programme, an extra three diamond drill holes intersected additional large and semi-massive sulphides, and a zone of zinc mineralisation:<\/p>\n \n- Gap BBR22 WB-P1-2: Probably industrial grades of zinc mineralisation:\n
\n- 3.6m @ 3.9% Zn from 120m, together with<\/li>\n<\/ul>\n
\n\n- 2m @ 6.8% Zn, 4.3 g\/t Ag and anomalous 0.19% Cu from 120m, with<\/li>\n
- 0.5m @ 11.65% Zn, 4.1 g\/t Ag and anomalous 0.14% Cu from 120.2m.<\/li>\n<\/ul>\n<\/ul>\n<\/li>\n
- Gap BBR22 WB-P2-1: Additional vast zones of large and semi-massive sulphide mineralisation intersected, interpreted to be associated to the excessive temperature pyrrhotite dominant core of the VMS system:<\/span>\n
\n- 22.4m of large and semi-massive sulphide from 127m downhole.<\/li>\n<\/ul>\n<\/li>\n
- Gap BBR22 WB-P3-1 :\n
\n- 3.8m of semi-massive sulphide from 163.2m downhole.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
The Wishbone discovery was the primary important VMS-style mineralisation to be made on the complete Obonga Greenstone Belt. Given the geological tendency for VMS programs to cluster and repeat and given the presence of extremely anomalous copper in lake and stream sediments close by (see Determine 4<\/span><\/strong>).<\/p>\nAn necessary attribute of VMS deposits is that they sometimes show a zonation of metals inside the large sulphide physique from Fe+Cu on the base to Zn+Fe\u00b1Pb\u00b1Ba on the high and margins, associated to differing temperature and chemical circumstances at mineral deposition. The main noticed mineral part of the Wishbone large sulphide mineralisation is pyrrhotite with much less widespread pyrite and minor sphalerite and chalcopyrite in distinct zones.<\/p>\n The Wishbone assay end result suite, together with uncommon earth ingredient (“REE”) analyses, has yielded necessary geochemical data permitting the classification of the mineralisation, alteration ratios and the event of exploration vectors in the direction of zones of potential financial curiosity. Wishbone has been categorised as a bimodal kind deposit, the identical kind as Canada’s Kidd Creek (Ontario) and Noranda (Quebec) VMS deposits.<\/p>\n \n\n\n| \n ![\"A](\"https:\/\/dw6uz0omxro53.cloudfront.net\/3649000\/2ec428dd-e71e-4651-bcd7-b33958141624.png\"\/) <\/p>\n<\/td>\n<\/tr>\n
| \n| \n Determine 4:<\/span><\/strong> Lake Sediment Pattern Assays Present Very Sturdy Copper Anomalism Downstream of the Wishbone VMS system<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nDesk 1: Wishbone VMS Prospect UAV Magnetic Survey Particulars<\/p>\n \n\n\n| \n UAV Magnetics Survey Rational<\/span><\/strong><\/p>\n<\/td>\n| \n Survey Tools<\/span><\/strong><\/p>\n<\/td>\n| \n Survey Measurement<\/span><\/strong><\/p>\n(25m line & 250m tie line spacing)<\/p>\n (line- kilometre)<\/p>\n<\/td>\n \n Flight Line Azimuth<\/span><\/strong> (levels)<\/p>\n<\/td>\n| \n Survey Information Merchandise<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n\n| \n Focusing on VMS model base metallic mineralisation at depth.<\/span><\/strong><\/p>\n3D Inversion modelling will facilitate drill gap orientation planning to focus on the anticipated excessive base metallic grade components of the focused VMS programs.<\/span><\/strong><\/p>\n<\/td>\n| \n Unmanned Airborne magnetometer survey system incorporating:<\/p>\n Base station magnetometer GSM-19W Overhauser<\/p>\n Airborne magnetometer Gem Techniques GSMP-35U potassium vapor magnetometer & ancillary electronics.<\/p>\n<\/td>\n | \n 25m line & 250m tie line spacing<\/p>\n Whole line kilometres:<\/p>\n 190.11 km<\/p>\n<\/td>\n | \n 090\u00b0<\/p>\n<\/td>\n | \n \u00b7 Last Whole Magnetic Depth<\/span><\/strong><\/p>\n\u00b7 First Vertical spinoff<\/span><\/strong><\/p>\n\u00b7 Second Vertical By-product<\/span><\/strong><\/p>\n\u00b7 Horizontal By-product<\/span><\/strong><\/p>\n\u00b7 Analytic Sign<\/span><\/strong><\/p>\n\u00b7 3D Inversion Fashions<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n| \n ![\"\"](\"https:\/\/dw6uz0omxro53.cloudfront.net\/3649000\/0172ac5e-e9af-46bd-a6ca-2ddbec88a089.jpg\"\/) <\/p>\n
Determine 5: Wishbone Exploration Allow PR-24-000022 Permitted, Declare Cells, Drill Pads, Camp and Entry<\/p>\n<\/td>\n<\/tr>\n | \n| \n Observe: <\/span><\/strong>Map from Allow issued on 21 June 2024<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nReferences<\/span><\/strong><\/p>\n1. Panther Metals PLC, YouTube channel video: Wishbone VMS Goal<\/em><\/p>\n( https:\/\/youtube.com\/shorts\/POMgfQuSc44?characteristic=share<\/a> )<\/p>\nFor additional data, please contact:<\/p>\n \n\n\n| \n Panther Metals PLC:<\/span><\/strong><\/p>\nDarren Hazelwood, Chief Govt Officer:<\/p>\n<\/td>\n \n +44 (0)1462 429 743
+44 (0)7971 957 685<\/p>\n<\/td>\n<\/tr>\n | \n| \n Brokers:<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n\n| \n Optiva Securities Restricted<\/span><\/strong><\/p>\nChristian Dennis<\/p>\n Mick McNamara<\/p>\n<\/td>\n \n +44 (0)20 3137 1902<\/p>\n<\/td>\n<\/tr>\n | \n| \n Hybridan LLP<\/span><\/strong><\/p>\nClaire Louise Noyce<\/p>\n<\/td>\n \n +44 (0)20 3764 2341<\/p>\n<\/td>\n<\/tr>\n | \n| \n SI Capital Restricted<\/span><\/strong><\/p>\nNick Emerson<\/p>\n<\/td>\n \n +44 (0)1438 416 500<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Obonga Undertaking – Advancing a Excessive-Influence VMS and Crucial Minerals District<\/p>\n Panther Metals’ Obonga Undertaking in Ontario continues to display sturdy potential as a district-scale exploration alternative concentrating on base and significant minerals. Since buying the Obonga Greenstone Belt in July 2021, the Firm has superior a number of high-priority targets together with Wishbone, Awkward, Survey, Ottertooth, and Silver Rim.<\/p>\n On 9 February 2026 Panther introduced plans for an roughly 2,000-metre diamond drilling program on the Wishbone Prospect, following the grant of an Exploration Allow in June 2024 legitimate by means of 2027. Earlier work confirmed compelling VMS-style mineralisation, together with 27.3m of large sulphide and 51m of sulphide-dominated mineralisation throughout a number of lenses, supported by high-grade copper anomalies in lake sediments.<\/p>\n In July 2024, Panther secured an Exploration Allow for Awkward West, enabling as much as 31 drill holes. Historic drilling returned 27.2m at 2.25% TGC, with zones exceeding 5% TGC, alongside indications of nickel, copper, and platinum group components, aligning with the Firm’s vital minerals technique.<\/p>\n Excessive-resolution magnetic and electromagnetic surveys proceed to refine drill concentrating on throughout Obonga. Survey and Ottertooth stay extremely potential, internet hosting a number of untested geophysical anomalies and historic large sulphide intercepts.<\/p>\n Winston Undertaking – Tailings Analysis and MRE Pathway<\/p>\n Panther Metals’ Winston Undertaking represents a near-term, development-focused alternative centred on the analysis of historic mine tailings and has been the topic of prior technical and industrial evaluation involving Extrakt.<\/p>\n Present work is concentrated on tailings sampling, metallurgical testing, and information validation to outline metallic content material, recoverability, and help the preparation of a Mineral Useful resource estimate (MRE). This strategy supplies a transparent value-creation pathway with decrease geological threat than greenfield exploration and aligns with fashionable reprocessing and significant mineral’s themes.<\/p>\n Dotted Lake Undertaking – Hemlo-Adjoining Polymetallic Alternative<\/p>\n Panther Metals’ Dotted Lake Undertaking, acquired in July 2020, is situated roughly 16km from the Hemlo Mining Corp.’s Hemlo Mine, inside a well-established mining area.<\/p>\n Early exploration recognized a number of gold and base metallic anomalies, with preliminary drilling confirming gold mineralisation. In early 2025, follow-up drilling materially superior the challenge, confirming nickel and magnesium mineralisation inside an ultramafic intrusion and figuring out a VMS-style system, considerably increasing the challenge’s polymetallic potential.<\/p>\n The programme refined structural controls, prolonged mineralisation, and recognized a number of new drill targets, positioning Dotted Lake as a high-upside, multi-commodity exploration asset.<\/p>\n Industrial Technique – Targeted Worth Creation<\/p>\n Panther Metals is concentrated on disciplined, discovery-driven worth creation by means of environment friendly capital deployment and technical execution. With Obonga delivering high-impact exploration, Winston offering a resource-focused improvement pathway, and Dotted Lake providing polymetallic upside, the Firm maintains a balanced portfolio aligned with beneficial commodity market circumstances.<\/p>\n The Firm’s technique is to advance high-quality property alongside essentially the most environment friendly technical pathway, delivering tangible milestones that underpin long-term shareholder worth.<\/p>\n Supply<\/strong><\/a><\/p>\n<\/div>\n | | | | | | | | | | | | | | | | | | | | | |