Pantera Minerals (ASX:PFE) Shares Gain 15% on Tuesday: What Comes Next?

Sonal Goyal

10 November 2026 02:41 PM AEDT

Pantera Minerals (ASX:PFE) Shares Gain 15% on Tuesday: What Comes Next?

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Key Highlights

Pantera Minerals has secured tenement E28/3634, covering about 236 square kilometres.
The Corona landholding now totals about 731 square kilometres across two granted and application tenements.
The company reported $1.7 million in cash at 30 September 2026 and a further $2 million receivable due in April 2027.

Pantera Minerals (ASX:PFE) shares were trading higher during the 10 November 2026 session, up 15.39% at $0.015 at midday AEDT. The S&P/ASX 200 was also higher, up 1.13% at 9,131.90 around 12:32 pm AEDT. Pantera Minerals Limited (ASX:PFE) is exploring the Corona Gold Project in the Albany Fraser Orogen of Western Australia. In an ASX announcement dated 10 November 2026, the company said it had secured a new exploration licence, E28/3634, adjoining its existing Corona tenure. The announcement came ten days after the company completed its Corona Acquisition on 27 October 2026.

About the company

Pantera Minerals is an ASX and OTCQB listed gold explorer. Its Corona Gold Project sits in the Albany Fraser Orogen and includes an 8-kilometre bedrock gold-in-aircore anomaly. The company has been applying ultra-fine fraction soil sampling to target gold beneath paleochannel cover.

New tenement announced on 10 November 2026

The new tenement lies along the same Yellow Dam Shear Zone and Cundeelee Fault corridor that hosts the Bonnie and Clyde and Beachcomber prospects, which are being explored by BPM Minerals. The company said the ground sits between those discoveries and its own 8-kilometre anomaly, and is about 10 to 25 kilometres north of the BPM prospects.

BPM Minerals reported that its first RC hole into Bonnie and Clyde returned 4 metres at 20.57 grams per tonne gold and 8 metres at 9.23 grams per tonne beneath a 6-kilometre soil anomaly. Pantera said these are neighbouring results, provided for regional context only, and are not necessarily indicative of mineralisation on its tenements.

Exploration plan and funding

Pantera plans to apply ultra-fine fraction soil sampling across the enlarged Corona position, followed by RC drilling of any anomalies. The company said the method has been used effectively on adjoining ground to target gold beneath 15 to 30 metres of paleochannel cover. It said it is fully funded for its first-year Corona program with $1.7 million in cash at 30 September 2026, plus a $2 million receivable from EnergyX due in April 2027.

Sector Context

Gold exploration along the Yellow Dam corridor has attracted interest because of recent discoveries by neighbouring explorers. Companies in the Albany Fraser region often rely on soil geochemistry to locate targets under sand and paleochannel cover before drilling.

Exploration licences in Western Australia are granted for defined areas and terms, and new ground adjoining an existing project is often added to protect future drilling corridors.

Risks to Consider

The new ground is at an early stage, and no drilling or soil sampling results have yet been reported on the new tenement.
Neighbouring results from BPM Minerals are not necessarily indicative of mineralisation on Pantera's tenements.
Pantera's first-year program depends on the EnergyX receivable, which is not due until April 2027.

What to Watch Ahead

Results from ultra-fine fraction soil sampling across the enlarged Corona position.
RC drilling of any anomalies identified on the new tenement.
Further results from BPM Minerals' Bonnie and Clyde and Beachcomber drilling.

Final Word

Pantera's new tenement extends its Corona position along a corridor with recent discoveries by neighbouring explorers. The soil sampling and first drilling on the new ground will be the next reference points for the project.

The company completed its Corona acquisition on 27 October 2026 and secured the new tenement ten days later, which it has described as expanding the Corona Gold Project along strike of the Yellow Dam trend.

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