Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Q2 FY2025 Earnings Presentation
17 slides from Pantoro Gold's earnings presentation, Jan 22, 2025
Slide 1: Quarterly Results Presentation Q2 FY 2025
For personal use only QUARTERLY ASX: PNR RESULTS PRESENTATION Q2 FY 2025
Slide 2: Important Notices
IMPORTANT NOTICES For personal use only Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Pantoro or Forward Looking Statements and future performance This presentation contains forward looking statements Company) to provide general information about Pantoro. abo
Slide 3: Important Notices Continued
IMPORTANT NOTICES CONTINUED For personal use only Past performance. Past performance metrics and figures (including past share price performance of For the purposes of ASX Listing Rule 5.19, Pantoro confirms that all material assumptions underpinning the Pantoro), as well as pro forma financial info
Slide 4: An Important Quarter for Our Growth Trajectory
AN IMPORTANT QUARTER FOR OUR GROWTH TRAJECTORY For personal use only Ø Production of 19,436 ounces, within guidance of 18,000 – 22,000 ounces, maintaining positive cashflow while increasing growth activities. Ø Cash and gold build of $13.8 million excluding one-off stamp duty payment. Net cash and g
Slide 5: Safety and Community in Focus
SAFETY AND COMMUNITY IN FOCUS Safety Performance Q2, FY25 FY to Date For personal use only Sponsorship of CoRE Learning at Norseman District High School Lost Time Injuries 0 3 • Provides Students with hands-on STEM education with a focus on mining. Other Total Recordable Injuries 1 2 • Direct on-sit
Slide 6: December 2024 Quarter
DECEMBER 2024 QUARTER For personal use only EBITDA of $38.7 million. Half year EBITDA of $70.5 million Cash and gold build of $13.8 million excluding one-off Ounces Product by Quarter stamp duty payment. $6.9 million net cashflow. 25,000 21,374 Major project capital of $19.2 million invested. 20,805
Slide 7: Cashflow Summary
CASHFLOW SUMMARY For personal use only Increase Decrease Total Ø Cashflow generation of $7 million 200.0 after increased growth activity and 75.7 180.0 Scotia ramp-up costs. 160.0 140.0 42.8 Ø One off payment of $6.9 million 120.0 2.6 5.2 5.0 relating to stamp duty associated 25.2 0.6 6.9 with the T
Slide 8: Norseman Operations Summary
NORSEMAN OPERATIONS SUMMARY For personal use only Physical Summary Q1 Q2 Ø AISC of $2,356 is inclusive of stockpile adjustments UG Ore Mined 51,833 101,309 UG Grade Mined 5.97 4.54 relating to processing open pit ore of $368/oz. OP BCM Mined 600,611 52,830 OP Ore Mined 342,226 44,660 Ø Site costs ar
Slide 9: Major Capital Projects
MAJOR CAPITAL PROJECTS For personal use only Major Capital Expenditure Items: Ø Norseman Tailings Storage Facility lift. Ø Bullen infrastructure and initial works. Ø Princess Royal open pit infrastructure and preparatory works. Ø Scotia underground and infrastructure. Underground drilling at Scotia
Slide 10: Non-Executive Director Appointment
NON-EXECUTIVE DIRECTOR APPOINTMENT For personal use only Ø Stuart Mathews appointed as independent, non-executive director effective today. Ø Over 30 years’ experience, highly regarded for his ability to successfully deliver projects through all stages of a mine life, from feasibility to full-scale
Slide 11: Norseman Guidance
NORSEMAN GUIDANCE For personal use only Ø Q2 quarterly guidance met with 19,346 oz (guidance of 18,000 – 22,000 ounces). Ø Full year guidance adjusted to 90,000 ounces ±5%. Ø Revision of guidance reflects initial results at Scotia where development and diamond drilling has demonstrated strike extens
Slide 12: Coming Up Next Quarter
COMING UP NEXT QUARTER For personal use only Ø Scotia ramp-up. Ø Open pit commencement. Ø Bullen rehabilitation. Ø Exploration drilling. 12
Slide 13: Scotia Ramp-Up
SCOTIA RAMP-UP For personal use only Ø Development progressing well with 1,559 metres achieved during the quarter. Expected to increase to >2,000 metres in March 25’ quarter. Ø 44,000 tonnes of ore mined during the quarter. Approximately 100,000 tonnes @ 3.8 g/t expected in March Quarter Ø Initial s
Slide 14: Princess Royal Mining Area
PRINCESS ROYAL MINING AREA For personal use only Ø Plan to commence open pit operations in March 2025. Ø Well supported tender process for mining operations. Preferred contractor status reached with contract execution planned for February 2025. Ø Site infrastructure works are well progressed, with a
Slide 15: Bullen Rehabilitation and Drilling
BULLEN REHABILITATION AND DRILLING For personal use only Ø Contract awarded to RedPath Australia. Ø Rehabilitation works are progressing well with excellent ground conditions noted. 30 – 40m advance being achieved daily. Ø On track for commencement of drilling by the end of the March 2025 quarter. D
Slide 16: Exploration Drilling
EXPLORATION DRILLING For personal use only Mainfield - Surface Mararoa Reef Ø 9,052m of RC and 3,955m of diamond drilling completed to date. Ø Drilling has highlighted interaction between lodes and porphyry units in the area. Ø Results expected to be published within next month. Drilling is Royal St
Slide 17: Summary
SUMMARY For personal use only Ø Pantoro is in an exceptional position generating cashflow while building new mines and advancing growth activities in multiple areas across the operation. Ø Leveraged to the gold price with only 1,000 ounces per month capped at $4,200 per ounce for all of 2025 and no