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LONDON - Panthera Resources PLC (AIM:PAT), the gold exploration company with assets in India and West Africa, reported a net loss of $2.39 million for the year ended March 31, 2025, compared to a $2.13 million loss in the previous year, according to its annual financial report released Wednesday.
The company’s primary focus during the period was pursuing arbitration against the Government of India regarding its Bhukia gold project in Rajasthan. In May 2025, Panthera filed a claim for damages amounting to $1.58 billion through its subsidiary Indo Gold Pty Limited.
Cash and cash equivalents stood at $3.14 million as of March 31, 2025, significantly improved from $281,499 at the end of the previous fiscal year, primarily due to successful fundraising activities that generated $4.96 million.
In West Africa, Panthera reported progress across its gold portfolio. The company completed a maiden JORC-compliant Mineral Resource Estimate for the K1A deposit at its Kalaka project in Mali, identifying an inferred resource of 49.9 million tonnes at 0.50 g/t gold for 803,000 ounces (using a 0.3 g/t gold cut-off).
At the Bido project in Burkina Faso, drilling at the Somika Hill prospect yielded results including 14 meters at 0.91 g/t gold. The company also restructured its ownership in the Kalaka project, increasing its interest to 85% while divesting its Nigerian projects.
"During the 2024-25 Financial Year, the Company’s principal focus was on seeking redress over the failure of the governments of India and Rajasthan to grant a Prospecting Licence over its advanced-stage Bhukia gold exploration project," said Michael Higgins, Non-Executive Chairman, in a statement based on the press release.
The company will hold its annual general meeting on October 3, 2025, in London.
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