Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Investor Presentation (November 2019)
25 slides from Pantoro Gold's investor presentation, Nov 12, 2019
Slide 1: Pantoro Investor Presentation November 2019
Click to edit Master title style For personal use only November 2019 ASX:PNR
Slide 2: Important Notices
Important Click to edit Notices Master title style For personal use only Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon
Slide 3: Western Australian Focused Gold Miner
Western Australian Focused Click to edit Gold Master title Miner style For personal use only • Pantoro is an Australian gold producer and developer. • Strong balance sheet with A$38 million in cash and gold at 30 Halls Creek September 2019, and debt free. Broome • Large high-grade Mineral Resource p
Slide 4: Corporate Overview of Pantoro
Corporate Click to Overview edit Masteroftitle Pantoro style For personal use only Capital Structure Board Share Price 15.5 cps Mike Jefferies – Non-Executive Chairman • Funds management and accounting background. Ordinary Shares 1,175 million • Successful business leader and experienced board membe
Slide 5: JORC Resource
Click to edit Master JORC Resource title style For personal use only Norseman (PNR 50%) Underground Surface Tonnes Grade Contained Au Tonnes Grade Contained Au Category Category (M) (g/t) (Moz) (M) (g/t) (Moz) Measured 0.3 13.90 0.1 Measured 4.3 0.80 0.1 Indicated 1.3 17.86 0.8 Indicated 11.4 2.02 0
Slide 6: Australian Based Gold Producers and Developers
Australian Based Gold Click Producers to edit Master and Developers title style For personal use only Pantoro has two of the highest grade underground and surface Mineral Resources Underground Mineral Resource (g/t) Surface Mineral Resource (g/t) 16.0 14.4 3.0 14.0 2.4 2.5 12.0 2.0 Grade (g/t) 10.0
Slide 7: Pantoro undervalued compared with peers
Pantoro undervalued Click to edit compared Masterwith title peers style For personal use only EV1 / Resource (A$/oz) 500 450 400 § Cheap, high quality ounces 350 300 – Addition of CNGP shifted Pantoro from one of the 250 highest valued stocks per Mineral Resource ounce 200 Average: $162/oz to less t
Slide 8: Halls Creek Project (PNR 100%)
Click to edit Master title style For personal use only Halls Creek Project (PNR 100%)
Slide 9: Halls Creek Project - Pantoro's Flagship
Halls Creek Click to edit Project Master Flagship - Pantoro’s title style For personal use only Halls Creek is Pantoro’s first development: • Successfully built operations from the ground up. • Proven high grade production. • Uninterrupted gold production since September 2015. There are no comparabl
Slide 10: Production Review Completed
Production Click to edit Review Master Completed title style For personal use only Key Points: Pantoro has completed a 24 month operating plan for Nicolsons • Estimated production 460,000 tonnes @ 6.8g/t for 100,000 ounces, with approximately 50,000 ounces produced per annum. • Production target set
Slide 11: Nicolsons Mine
Click to edit Master Nicolsons title Mine style For personal use only Nicolsons North Decline • Ongoing depth extension down plunge. Plunge has become more defined at depth necessitating capital infrastructure transition to the north. • Down plunge extension limited by drilling data. Focus on establ
Slide 12: Wagtail Mine
Click to edit Master titleMine Wagtail style For personal use only Wagtail North (inc. Rowdies) • Plan for Wagtail North only includes current Ore Reserve. Development on first two levels has shown significant overcall (approximately 200% of Ore Reserve). • Mineral Resource is open down plunge at bo
Slide 13: Production Review Completed
Production Click to edit Review Master Completed title style For personal use only Q2 FY2020 Q3 FY2020 Q4 FY2020 FY2021 (±10%) Mined Tonnes (t) 60,000 55,000 65,000 230,000 Mined Grade (inc. low grade 6.2 6.8 6.2 6.9 pre- ore sorting) (g/t) Production (‘000 oz Au) 11-12 11-13 12-14 50 AISC ($/oz) $1
Slide 14: Regional Exploration
Click Regional to edit Master Exploration title style For personal use only Mary River – Broad low grade shear hosted gold Drilling at Mary River revealed a broad deposit with recent results including: • 14 m @ 1.23 g/t Au inc. 2 m @ 5.33 g/t Au. • 13 m @ 0.97 g/t Au. • 4 m @ 3.35 g/t Au. • 4 m @ 2.
Slide 15: Norseman Gold Project (PNR 50%)
Click to edit Master title style For personal use only Norseman Gold Project (PNR 50%)
Slide 16: What is the Norseman Gold Project?
What isClick the Norseman to edit Master Goldtitle Project? style For personal use only § Outstanding tier 1 location 200 km from Kalgoorlie via major Location sealed highway. § CNGP was established on a large scale by Western Mining in 1935 and operated almost continuously to 2006. History § Long h
Slide 17: Mining History
Click to edit Master Mining titleHistory style For personal use only 350m 670m St Pats Decline OK Decline Bullen Decline 5Km
Slide 18: Project Development Strategy
Project Development Click to edit Master Strategy title style For personal use only § Two Stream Approach from Commencement First-focus Mining Centres – Near Term Development – Existing resources to be developed to mine ready status. – Greenfields Exploration – High potential targets on Lake Cowan t
Slide 19: Project Implementation
Project Click to editImplementation Master title style For personal use only § Drilling underway and producing results § Drilling commenced with one drill in the first week of August 2018, approximately 1 month after acquisition. § 3 drill rigs operating since early October 2019. § Strong results at
Slide 20: Princess Royal - First Drill Location
Princess Royal Click – First to edit Drill title Master Location style For personal use only § First drill program delivers consistent high grade results at Princess Royal: • 11 m @ 9.10 g/t Au inc. 5 m @ 18.02 g/t Au from 77 m. • 11 m @3.80 g./t Au inc. 2 m @15.80 g/t Au from 39 m. • 3 m @ 8.09 g/t
Slide 21: Gladstone Everlasting - Currently Drilling
Gladstone Everlasting Click to edit– Master Currently titleDrilling style For personal use only 700m 2 • Current Mineral Resource – 2.7Mt @ 2.9g/t for 252 Koz • 4,550m in 60 holes drilled to date • Approximately 3,000m to be drilled before Mineral Resource estimation and mine design. Outstanding dri
Slide 22: Scotia - Currently Drilling
Click Scotia to edit– Master Currently titleDrilling style For personal use only • Current Mineral Resource (Surface) 1.9Mt @ 3.3g/t for 200 koz. • Current Mineral Resource (Underground) 0.6Mt @ 12.1g/t for 213 koz. • 8 holes for 900m drilled to date 2 • Approximately 3700m remain to be drilled prio
Slide 23: OK Mine - Approval to re-enter for drilling submitted
OK Mine – Approval toClick to edit re-enter forMaster drillingtitle style submitted For personal use only • Produced approximately 500Kt @ 9.1g/t up to 1997. • Ok mine is fully accessible with ground support in good condition and most infrastructure still in place. • Approvals for re-entry for drill
Slide 24: Exploration Activities
Click to edit Exploration Master title Activities style For personal use only § Outstanding Exploration Targets – No systematic exploration at Norseman since early 1990’s. – Previous work within salt pan areas was limited to approximately 5 years in the early 1990’s. – Numerous large anomalies and p
Slide 25: Summary
Click to edit Master Summary title style For personal use only • Pantoro is an Australian gold producer and developer with a unique Western Australian project portfolio. • Strong balance sheet with no debt and A$42.4 million in cash and gold at September 30 2019. • Pantoro has attributable Mineral R