Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pacific Niugini — Investor Presentation (March 2012)
20 slides from Pantoro Gold's investor presentation, Mar 20, 2012
Slide 1: Investor Update March 2012
For personal use only Investor Update March 2012
Slide 2: Disclaimer
Disclaimer For personal use only General Disclaimer This presentation has been prepared by Pacific Niugini Limited (“Pacific Niugini” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This present
Slide 3: Operating Philosophy
Operating Philosophy For personal use only Local knowledge and skills: PNG operations are operated and managed by solely Melanesian team. Company Director, and prominent PNG geologist David Osikore leads the in-country works. Local knowledge and respect for culture provides opportunities for acc
Slide 4: Corporate Structure
Corporate Structure For personal use only Board: Capital Structure: Market Capitalisation @ 41c – $103 Million Peter Cook – Non-Executive Chairman Ordinary Shares – 251 Million Paul Cmrlec – Managing Director Unlisted Options @ 20 cents – 16.5 Million David Osikore – Executive Director Employee Opti
Slide 5: Key Assets
Key Assets For personal use only EL 1616 Bulolo – Near term production opportunity with massive volume of gravel for consideration. EL1614 Garaina – Exciting high grade results at the greenfield Kusi Prospect. EL 1615 Gusap – Large Copper Porphyry target in vastly under-explored area. Major he
Slide 6: Bulolo Gold Project
Bulolo Gold Project For personal use only PNG’s First Commercial Gold Field – “Forgotten Field” 50% 2.1 million ounces of gold from 200 million PNM/50% PNGFP cubic metres of gravel produced in periods 1934 to 1942 and 1947 to 1965. Large areas left undredged due to constraints associated with dr
Slide 7: Widubosh Program
Widubosh Program For personal use only Work completed to date Site accessed in December 2011. 26 test pits completed. 30m3 from each pit processed with company owned test plant. Whole site mapped by PNM geologists. Detailed survey undertaken in proposed plant and infrastructure site. Test pl
Slide 8: Bulolo Valley
Bulolo Valley For personal use only Depth of the Testing commenced in September 2011, commissioning valley is known to be company test plant. +100m Initial testing demonstrated significant gold remaining in previously dredged gravels, indicating poor historical recovery. Access to virgin grave
Slide 9: Bulolo Valley – Farm JV
Bulolo Valley – Farm JV For personal use only Test pitting has commenced on the undredged farm area. Drilling to commence following completion on Widubosh drilling. Mapping shows zone of approximately 3km x 1km of undredged gravels. Part of the undredged area was included in historical dredg
Slide 10: Focused on Production
Focused on Production For personal use only Detailed engineering of major plant items completed and fabrication is underway: Process plant capital - $4 to $5 million (spend to date approximately $600,000); Initial production capacity – 4 million m3/annum; Assessing contract and owner operato
Slide 11: Indicative Timeline
Indicative Timeline For personal use only Potential Threats to Production Timeline Environmental Approval – Government processes are moving slowly in PNG at present due to recent political issues and pending elections. This is the largest threat to project timing. Return of grade results and metallu
Slide 12: Gravel Mining Strategy
Gravel Mining Strategy For personal use only Stepped Approach to Develop Major Gold Operations: 1 Step 1 – Bulk Testing - to establish grades and operating models (underway now, and continuing as areas become available for testing); Step 2 – Production - operate first production plant to demonstrate
Slide 13: Garaina Exploration
Garaina Exploration For personal use only Located within the Owen Stanley Metamorphic belt. Highly prospective for epithermal gold, large scale porphyry, and skarn/replacement style mineralisation. Extensive sampling programs undertaken at the Kusi Prospect in 2011 - more than 2500m of trench sa
Slide 14: Kusi Prospect Results
Kusi Prospect Results For personal use only Trench/Costean results – Initial Discovery Zone • 34m @ 3.29 g/t Au, 39.17 g/t Ag • 21m @ 2.17 g/t Au, 4.34 g/t Ag • 7m @ 3.04 g/t Au, 2.54g/t Ag • 11m @ 2.45 g/t Au, 8.92 g/t Ag • 12m @ 2.75 g/t Au, 4.8 g/t Ag • 53m @ 1.97 g/t Au, 6.76 g/t Ag Initial dril
Slide 15: Heli-magnetic Survey
Heli-magnetic Survey For personal use only TMI and ASVI data positive • Circular pipe-like structures highlighted by both interpretation methods, complimenting each other. • Kusi data shows initial work programs have been on the southern fringe of a large area of high magnetic intensity. Forward exp
Slide 16: Gusap Exploration
Gusap Exploration For personal use only Prime location on the under-explored Finisterre Range. Initial exploration has identified copper/gold mineralisation in several areas. Comprehensive helimag survey completed with and being used in planning of forward programs. Discovery of high grade c
Slide 17: Finisterre Expansion
Finisterre Expansion For personal use only Building a position on the Finisterre Range: EL1689 – Mutzing hosts the highly prospective Munambe prospect. Target areas generated from recent heli-magnetic surveys. PNM considers this largely un-explored range to be highly prospective for large porphyry c
Slide 18: Mt Hagen Exploration
Mt Hagen Exploration For personal use only Two exciting exploration prospects identified to date (Kotna and Paglum), with several other prospects to be followed up. Geochemical sampling results at Kotna identified large area of co-incident copper, gold, molybdenum, and base metals mineralisation
Slide 19: Zenag Exploration
Zenag Exploration For personal use only Strategic land holding with excellent discovery potential. Approximately 12 km south of Wafi-Golpu, with very similar magnetic signature. Harmony Gold have previously reported high grade results from the same anomaly – Biamena Prospect. 19
Slide 20: Value Proposition
Value Proposition For personal use only Home Grown PNG Focused Company: Production at Bulolo continually moving closer to reality. Low cost exposure to a large, proven goldfield. Additional large scale Bulolo style deposits held in application in advanced stage in new tenement grant procedure.