Panther Metals plc has recovered 38% weight magnesium from phase I testing at its Dotted Lake base and precious metal project located in Ontario, Canada.
POTENTIAL OPPORTUNITIES
Test Design Implement Solutions LLC began the work in February 2026, using non-cyanide technology to recover magnesium from previously taken drill core samples, while excluding other metals.
Returns confirmed “magnesium-rich” serpentine feedstock with “elevated” concentrations of chromium, nickel, cobalt, and other critical elements.
The result also exceeds the 19-25 weight % achieved during conventional single-stage leaching.
Panther said that the preliminary results still needed to be confirmed with further tests and evaluation before pilot-scale testing.
Chief executive officer Darren Hazelwood added that the company had fulfilled its objective of proving that magnesium could be recovered from the project.
“For us, this result changes the conversation around Dotted Lake.
“Our focus can now begin to expand beyond simply demonstrating Mg recovery, towards understanding the potentially strategic and commercial opportunity offered by the project.
“We now have a solid platform to begin evaluating potential opportunities with relevant government bodies across North America, as well as potential end users and participants throughout the mining and critical minerals industry.
“Dotted Lake is a substantial ultramafic system, and we are only beginning to understand its potential.”