Mining

Panther Metals Reveals More Precious Metals at Winston

Vox Markets
Vox Markets•Apr 28, 2026

Why It Matters

The Winston tailings could generate immediate cash flow and supply rare gallium, strengthening Panther Metals' balance sheet while funding its pursuit of larger, high‑grade assets.

Key Takeaways

  • •Winston tailings show consistent multi‑element grades across all vibracore holes.
  • •Gallium concentrations could tap $8 billion market by 2030.
  • •Company holds multi‑million‑dollar strategic partnership offers for the project.
  • •Resource estimate expected soon, but timeline remains uncertain.
  • •Cash‑flow positive tailings operation aims to fund larger exploration assets.

Summary

Panther Metals detailed the latest phase‑four results from its Winston tailings project, emphasizing that the vibracore program has confirmed uniform mineralization across the deposit. The site already boasts full infrastructure—power, roads, and fencing—positioning it for rapid production start‑up.

The data reveal seven target elements, including gold, silver and notably gallium, present in every core sample. Gallium, essential for anti‑drone sensors and satellites, is projected to support an $8 billion market by 2030, making the tailings a rare source of this strategic metal. Consistent grades promise low capex and opex, enabling a “rinse‑and‑repeat” processing model that maximizes cash flow.

Darren Hazelwood highlighted the strategic interest, noting multi‑million‑dollar partnership offers and ongoing talks with global partners. He cautioned that the public resource estimate remains pending, though internal models suggest a material, cash‑flow‑positive asset. The company also referenced upcoming milestones at Dotted Lake and other tier‑one targets.

If the Winston tailings deliver on projected recoveries, Panther expects a steady cash stream to fund larger exploration projects, bolster its North‑American supply‑chain positioning, and potentially capture a share of the burgeoning gallium market.

Original Description

Panther Metals has released results from its fourth batch of vibracore drilling, part of a wider programme at the Winston tailings project to develop a resource estimate and move towards permitting. The results show a consistency of mineralisation across the orebody that was also demonstrated in the previous sets of assays. This will allow for straightforward planning when it comes to production, and also bodes well for the economics. Meanwhile, work continues on Panther's Canadian listing, and on its wider portfolio of exploration project. Chief executive Darren Hazelwood joins Vox to tell us more
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