Pantera Minerals has expanded its planned Corona Gold Project footprint to approximately 731 square kilometers through a new tenement application along the Yellow Dam corridor, where recent drilling by neighboring explorer BPM Minerals has intersected high-grade gold.
Location of the New Tenement (blue hatch) relative to Corona Project (E28/3556 and 3555) and surrounding tenure. BPM’s Forelands tenements, Bonnie & Clyde and Beachcomber. Image Credit: Pantera Minerals
The approximately 236-square-kilometer application adjoins Corona in Western Australia’s Albany Fraser Orogen. It extends Pantera’s exploration position along the same structural corridor as BPM’s Bonnie & Clyde and Beachcomber prospects, ahead of a planned soil sampling program in early 2027.
The enlarged project comprises two granted exploration licenses and the new application, E28/3634. Pantera completed its acquisition of the original Corona project on 27 October.
The expansion follows BPM’s first reported reverse circulation drilling results from Bonnie & Clyde, including 4 meters at 20.57 grams per ton gold and 8 meters at 9.23 grams per ton gold.
Those results provide regional context for Pantera’s exploration approach. At Bonnie & Clyde, soil sampling identified a gold anomaly above mineralization beneath 15–30 meters of sand cover. Pantera plans to use the same ultra-fine fraction sampling technique, which analyses the smallest soil particles, to identify targets beneath similar cover at Corona.
Results on neighboring ground are not necessarily indicative of mineralization on Pantera’s tenements. No exploration results have been reported for the new application.
Pantera Executive Chairman and CEO Barnaby Egerton-Warburton said:
“Last week BPM reported the first hole drilled into Bonnie & Clyde and it came back with 4 meters at 20 grams and 8 meters at 9 grams, in basement, undercover, exactly where the soils indicated it would be. That is the structure we are on at Corona. We had the chance to add ground directly northeast of that discovery in the same corridor. We now hold a significant position along the Yellow Dam trend between BPM’s discoveries and our own 8-kilometer bedrock anomaly.”
Corona’s existing targets include an eight-kilometer zone of elevated gold identified by historical aircore drilling. Previous results include 6 meters at 1.50 grams per ton gold. Separate historical auger sampling identified soil anomalies reaching 128 parts per billion gold.
These targets give Pantera a starting point for its field program. The new application adds ground crossed by the Yellow Dam Shear Zone, a geological structure the company intends to assess alongside the existing anomalies.
The application area has previously undergone widely spaced auger sampling, but no reverse circulation or diamond drilling. Across the broader Corona project, historical exploration largely focused on near-surface material and ancient drainage channels, with no systematic reverse circulation or diamond drilling program testing bedrock gold mineralization.
Pantera says its first-year Corona program is fully funded. It held $1.7 million in cash at 30 September 2026 and expects a further $2 million payment from EnergyX in April 2027.
The company is reviewing historical exploration data and designing a closely spaced soil sampling program. Heritage and access engagement with the Upurli Upurli Nguratja native title holders is under way and will extend to the new application area.
Pantera is targeting soil sampling in the first quarter of 2027 and initial drilling in the second quarter, subject to heritage clearances and approvals. Results from the sampling program will help rank targets for aircore and reverse circulation drilling.