Pantera Minerals acquires Corona Gold Project in WA

• Pantera Minerals has signed binding agreements to acquire a 100% interest in the 470km2 Corona Gold Project in Western Australia.
• Following the announcement, the share price of Pantera Minerals remained unchanged at $0.015.
• The deal provides the company with a low-cost entry into a gold corridor adjacent to existing discoveries.

Pantera Minerals (ASX:PFE) has entered into binding agreements to fully acquire the 470km2 Corona Gold Project in Western Australia.

The project covers exploration licences E28/3555 and E28/3556 in the Albany Fraser Orogen region.

The company did not publish an executive quote in its initial release.

Historical continuous gold-in-bedrock anomalies at the site extend over an 8km strike length.

Barnaby Egerton-Warburton, Executive Chairman and CEO, commented, "80% of the consideration is in Pantera shares, the royalty carries a fixed-price buyback, and our first-year spend goes into soils and drilling rather than the purchase price."

Following the announcement, the Pantera Minerals share price was unchanged at $0.015.

The company stated that the transaction expands its exploration focus alongside its existing US portfolio.