Highlights

  • Pantera completed the Corona acquisition on 27 October 2026 and holds 100 per cent of licences E28/3555 and E28/3556.
  • The two licences cover 158 blocks, about 470 square kilometres, roughly 200 kilometres east of Kalgoorlie.
  • Total consideration is A$200,000, with A$40,000 paid in cash and A$160,000 in shares issued at A$0.01514 each.
  • Each vendor receives a 1.0 per cent gross revenue royalty, with a 0.5 per cent buy-back for A$1 million.

The paperwork is done and the ground is Pantera's. Pantera Minerals Limited (ASX:PFE) said on 28 October 2026 that it completed the acquisition of the Corona Gold Project on 27 October 2026 and now holds 100 per cent of exploration licences E28/3555 and E28/3556. The deal, first announced on 29 September 2026, has satisfied all conditions precedent, including Ministerial consent under section 64 for the transfer of E28/3555.

The project

The two licences cover 158 blocks, about 470 square kilometres, in the Albany Fraser Orogen, accessed via the Trans Access Road. Both are in good standing with no encumbrances, dealings or third-party royalties.

The Corona prospect on E28/3556 is an eight-kilometre aircore gold-in-bedrock anomaly. Historical intercepts include 6 metres at 1.50 grams per tonne gold from 66 metres, including 2 metres at 2.55 grams per tonne, plus 11 metres at 0.29 grams per tonne from 93 metres. Only one reverse circulation hole has been drilled, about 250 metres from the peak anomaly. More than 20 Corona aircore holes exceed the peak aircore result at the neighbouring Hercules deposit, which is cited for context only and is not necessarily indicative of Corona.

On E28/3555, untested western auger anomalies peak at 128 parts per billion gold, with consecutive samples of 128, 87 and 79 parts per billion and more than 450 metres of strike above 50 parts per billion. About 30 per cent of the project has never been geochemically sampled.

Deal terms

Beau Resources Pty Ltd sold the E28/3555 tenement, and Shiloh Resources Pty Ltd sold the shares of the company holding E28/3556, now a wholly owned subsidiary. Cash of A$40,000, split equally, was paid on execution, and the remaining A$160,000 was paid in shares at A$0.01514, the 10-day volume weighted average price.

Each vendor also receives a 1.0 per cent gross revenue royalty, 2.0 per cent in total, and Pantera may buy back 0.5 per cent of each for A$1 million.

Share issue and clarifications

Pantera issued 10,568,030 consideration shares, 5,284,015 to each vendor. The E28/3555 shares are voluntarily escrowed for six months, and 2,642,007 of the E28/3556 shares for three months. A further 396,301 shares went to MinExchange Pty Ltd, partly satisfying a A$12,000 introduction fee, and are not escrowed. The total of 10,964,331 shares was issued under Listing Rule 7.1, leaving 504,138,656 shares on issue. The company said the transaction is not significant under Listing Rule 11.1.

The announcement also corrects the September release, which had said 10,596,026 shares would go to each vendor with 12-month escrow and a 21-day due diligence period. The executed agreements provide the figures above and a 14-day period, and total consideration is unchanged.

Funding and next steps

Pantera had about A$1.7 million in cash at the last quarter end, with a further A$2 million due from EnergyX in April 2027, and said Corona does not divert funding from its United States critical minerals projects.

Next come heritage and access engagement with the Upurli Upurli Nguratja native title holders, where no registered heritage sites are recorded on the project, compilation of historical data, close-spaced ultra-fine fraction soil sampling over priority anomalies, and ranking of targets for aircore and reverse circulation drilling. No drilling dates were given.