Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pacific Niugini — Precious Metals Investment Symposium (October 2015)
38 slides from Pantoro Gold's conference presentation, Oct 26, 2015
Slide 1: Australia's Newest Gold Producer
For personal use only Australia’s Newest Gold Producer October 2015 ASX:PNR
Slide 2: Disclaimer
Disclaimer For personal use only General Disclaimer This presentation has been prepar ed 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. T his pr es
Slide 3: Company Name Change
Company Name Change For personal use only Name change to be voted upon in upcoming AGM ASX TICKER TO REMAIN UNCHANGED: PNR 3
Slide 4: Corporate Structure
Corporate Structure For personal use only Board and Management • Peter Cook – Non-Executive Chairman Highly successful Australian mining identity behind companies such as Hill 50 Gold Limited; Abelle Limited, and Metals X Limited. • Paul Cmrlec – Managing Director Mining engineer with strong operati
Slide 5: Halls Creek Project
Halls Creek Project (PNR 80%) For personal use only Exciting project brought into production by PNR: • High Grade Resource and Reserve: High grade gold resource/reserve which sits immediately below an existing open pit. • Existing Infrastructure: Complete processing plant and associated infrastructu
Slide 6: Resource Remains Open in All Directions
Resource Remains Open in All Directions For personal use only 1.43m @ 3.4m @ 3.0m @ 1.2m @ 1.6m @ 6.88g/t 13.21 g/t 20.43 g/t 103 g/t 11.45 g/t, 2.0m @ 0.5 m @ 0.6 m @ 43.36 g/t, 8.8 g/t 22 g/t 12m @ and 2.9m 13.6 @ 4.38g/t g/t 300 m limit of 2m @ 53.7 1.1m @ 9.52 g/t drilling 6m @ g/t 4.5 g/t 0.6m
Slide 7: Construction Complete and Production Underway
Construction Complete and Production Underway For personal use only Acquisition to mining in less than 12 months: ü Drilling, feasibility, approvals and financing completed in first nine months. ü Existing pit accessed, cut back, dewatered and made safe for underground development in less than two m
Slide 8: Outstanding Grades
Outstanding Grades For personal use only 50 m averaging 2.8 m wide @ 16.6 g/t 8 * All grades are un-cut assays
Slide 9: Outstanding Grades
Outstanding Grades For personal use only 48 m averaging 2.7 m wide @ 25.4 g/t * All grades are un-cut assays
Slide 10: Outstanding Reconciliation
Outstanding Reconciliation For personal use only DEVELOPMENT TO DATE HAS OVERCALLED BY 100% Development Reserve Mined within Reserve Mined Outside of Reserve Level Tonnes Grade (g/t) Oz Tonnes Grade (g/t) Oz Tonnes Grade (g/t) Oz 2220 1,794 4.75 274 3,465 5.13 572 1,260 3.96 160 2210 5,455 5.94 1,04
Slide 11: Impacts of Higher Grade and Throughput
Impacts of Higher Grade and Throughput For personal use only Nicolsons Plant Production Capacity Ø Feasibility Study using existing resource estimates 90000 AIST of approximately $900/Oz. Annual production @ 95% Recovery (Ounces) 80000 Ø Feasibility includes reserve grade of 6.2/gt 70000 Ø Increased
Slide 12: Price History
Price History For personal use only Volume Closing Price 14,000,000 0.090 0.080 12,000,000 0.070 10,000,000 0.060 Share Price 8,000,000 Volume 0.050 6,000,000 0.040 0.030 4,000,000 0.020 2,000,000 0.010 0 0.000 21/10/14 21/11/14 21/12/14 21/01/15 21/02/15 21/03/15 21/04/15 21/05/15 21/06/15 21/07/15
Slide 13: Operational Strategy
Operational Strategy For personal use only 2015 2016 Q3 Q4 Q1 Q2 ✔ ✔ ✔ ✔ 13
Slide 14: Exploration Growth Strategy
Exploration Growth Strategy For personal use only Exploration will be focused on immediate resource/reserve growth as priority 1. Extend Nicolsons (HW Lode & FW Lode) through underground development and drilling. 2. Infill and extend Wagtail and Rowdies existing resources aiming to generate near ter
Slide 15: Nicolsons Extensions
Nicolsons Extensions For personal use only Base of pit Drilling density declines Ø FW and HW (main lode) are off set by approximately 80m. Ø Limited testing of FW down dip due to drilling shadow caused by open pit. Ø Excellent high grade intercepts at depth extremity of drilling in both HW and FW lo
Slide 16: Garaina Porphyry and Epithermal Target
Garaina Porphyry and Epithermal Target For personal use only Exploration Success Story Ø Virgin discovery by PNR in 2011 with rapid progression relative to other known PNG projects. Ø Detailed magnetic surveys and petrology confirm porphyry copper-gold potential. Ø Kusi surface anomaly > 1.5km x 1km
Slide 17: Exciting Drill Results
Exciting Drill Results For personal use only Ø Drilling targeting known zones of high and low magnetic susceptibility. Ø High grade gold identified in both zones drilled to date, with vectors indicating a potential porphyry deposit in the zone of magnetic destruction. • 20m @ 2.89g/t (with 2.0m of c
Slide 18: Australia's Newest Gold Producer
For personal use only AUSTRALIA’S NEWEST GOLD PRODUCER STRONG BOARD AND MANAGEMENT UNDERGROUND MINE RETURNING EXCEPTIONAL GRADE PRIMED FOR GROWTH AUSTRALIAN FOCUS
Slide 19: JORC 2012 Table – Halls Creek
JORC 2012 – TABLE 1 – HALLS CREEK SECTION 1: SAMPLING TECHNIQUES AND DATA – HALLS CREEK For personal use only Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or • The Nicolson’s deposit has been sampled predominantly by R
Slide 20: Drilling techniques
Criteria JORC Code explanation Commentary Drilling techniques • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, • RC drilling was completed with several rigs. All RC rigs used face sampling auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard ham
Slide 21: Drill sample recovery
Criteria JORC Code explanation Commentary Drill sample recovery • Method of recording and assessing core and chip sample recoveries and • All holes were logged at site by an experienced geologist. Recovery and results assessed. sample quality were visually observed and recorded. Recovery for older (
Slide 22: Sub-sampling techniques and sample preparation
Criteria JORC Code explanation Commentary Sub-sampling techniques • If core, whether cut or sawn and whether quarter, half or all core taken. • Core samples were saw in half with one half used for assaying and the and sample preparation other half retained in core trays on site for future analysis.
Slide 23: Quality of assay data and laboratory tests
Criteria JORC Code explanation Commentary Quality of assay data and • The nature, quality and appropriateness of the assaying and laboratory • The Bureau Veritas lab in Perth has ISO-9001 and ISO14001 certification. laboratory tests procedures used and whether the technique is considered partial or
Slide 24: Location of data points
Criteria JORC Code explanation Commentary Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down- • Drilling is surveyed using DGPS with accuracy of ± 0.3m. Downhole hole surveys), trenches, mine workings and other locations used in Mineral surveys are
Slide 25: Sample security and Section 2
Criteria JORC Code explanation Commentary Sample security • The measures taken to ensure sample security. • The chain of custody is managed by Pacific Niugini employees and consultants. Samples are stored on site and delivered in bulk bags to the lab in Perth. Samples are tracked during shipping. Fo
Slide 26: Geology
Criteria JORC Code explanation Commentary Geology • Deposit type, geological setting and style of mineralisation. • Gold mineralisation in the Nicolson’s Find area is structurally controlled within the 400 m wide NNE trending dextral strike slip Nicolson’s Find Shear Zone (NFSZ) and is hosted within
Slide 27: Drill hole Information
Criteria JORC Code explanation Commentary Drill hole Information • A summary of all information material to the understanding of the • Full results from the drilling program are set out in ASX reports dated exploration results including a tabulation of the following information for 16/9/2014, 23/9/2
Slide 28: Diagrams
Criteria JORC Code explanation Commentary Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts • Full results and diagrams from the drilling program are set out in ASX should be included for any significant discovery being reported These reports dated 16/9/2014, 23/9/
Slide 29: Site visits and geological interpretation
Criteria JORC Code explanation Commentary Site visits • Comment on any site visits undertaken by the Competent Person and the • The Competent Person has visited the site and has a good appreciation of outcome of those visits. the mineralisation styles comprising the Mineral Resource. For personal us
Slide 30: Estimation and modelling techniques
Criteria JORC Code explanation Commentary Estimation and modelling • The nature and appropriateness of the estimation technique(s) applied • Separate block models were generated for Nicolson’s, Rowdies and Wagtail techniques and key assumptions, including treatment of extreme grade values, North and
Slide 31: Estimation and modelling techniques (continued)
Criteria JORC Code explanation Commentary Estimation and modelling • The size of the blocks was determined by Kriging Neighbourhood Analysis techniques (continued) in conjunction with the assumption of a relatively selective mining approach for both open pit and underground operations. For personal
Slide 32: Environmental factors or assumptions
Criteria JORC Code explanation Commentary Environmental factors or • Assumptions made regarding possible waste and process residue disposal • The deposits are on granted mining leases with existing mining assumptions options. It is always necessary as part of the process of determining disturbance a
Slide 33: Discussion of relative accuracy/confidence
Criteria JORC Code explanation Commentary Discussion of relative • Where appropriate a statement of the relative accuracy and confidence • The relative accuracy of the Mineral resource estimate is reflected in the accuracy/ confidence level in the Mineral Resource estimate using an approach or proce
Slide 34: Mining factors or assumptions
Criteria JORC Code explanation Commentary Mining factors or • The method and assumptions used as reported in the Pre-Feasibility • Detailed ore stopes and development drives were designed using Surpac assumptions or Feasibility Study to convert the Mineral Resource to an Ore Reserve software. It was
Slide 35: Metallurgical factors or assumptions
Criteria JORC Code explanation Commentary Metallurgical factors or • The metallurgical process proposed and the appropriateness of that • The existing processing plant at Nicolsons uses a conventional CIP circuit, assumptions process to the style of mineralisation. which is appropriate for the style
Slide 36: Costs
Criteria JORC Code explanation Commentary Costs • The derivation of, or assumptions made, regarding projected capital costs • Capital costs were estimated by identifying capital equipment items and in the study estimating labour and equipment requirements for installation of captal equipment. Whenev
Slide 37: Economic
Criteria JORC Code explanation Commentary Economic • The inputs to the economic analysis to produce the net present value • NPV was calculated with a discount rate of 8% per annum. (NPV) in the study, the source and confidence of these economic inputs • Due to the short life of the proposed mine, in
Slide 38: Discussion of relative accuracy/confidence
Criteria JORC Code explanation Commentary Discussion of relative • Where appropriate a statement of the relative accuracy and confidence • The Probable Reserve is primarily based on RC drilling. Recent diamond accuracy/ confidence level in the Ore Reserve estimate using an approach or procedure deem
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