Pantoro Gold Limited · ASX:PNR

Pantoro Gold — Pacific Niugini — Investor Presentation (November 2014)

15 slides from Pantoro Gold's investor presentation, Nov 11, 2014

1. Slide 1: Going for Gold at Nicolsons in 2015

   For personal use only Going for Gold at Nicolsons in 2015 November 2014 ASX:PNR

2. 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

3. Slide 3: Halls Creek Lamboo Project - Nicolsons Mine

   HALLS CREEK LAMBOO PROJECT NICOLSONS MINE For personal use only Positioned to deliver outstanding returns for investors: • High Grade Resource and Reserve: High grade gold resource/reserve. • Existing Infrastructure: Processing plant and associated infrastructure in place and ready for refurbishment

4. Slide 4: Corporate Structure

   CORPORATE STRUCTURE For personal use only Board: Management: Corporate: Peter Cook – Non-Executive Dennis Lovell – Joint Company Capital Structure Chairman. Highly successful Secretary. Founding CFO and Australian mining identity company secretary. Many new Ordinary Shares– 314 Million behind compan

5. Slide 5: Drilling Program Validates Mining Plan

   DRILLING PROGRAM VALIDATES MINING PLAN For personal use only  Resounding success from the 11 hole, 2,500m diamond drilling program extending and validating the resource.  First substantial diamond drilling campaign at the Nicholsons Project.  Numerous high grade intercepts*: • NRCD14007 - 1.2m @

6. Slide 6: Initial Mine Plan Only a Fraction of the Potential

   INITIAL MINE PLAN ONLY A FRACTION OF THE POTENTIAL For personal use only Potential for expansion Potential for Current Program Mineralisation expansion Host Sequence >10 gxm Initial Mining Plan <10gxm Potential for expansion Expansion Opportunity – resource only constrained by lack of drilling at de

7. Slide 7: Re-start and Operating Philosophy

   RE-START AND OPERATING PHILOSOPHY For personal use only Capital Discipline  Phase 1 (First 6 months) – Critical works for mining commencement; compliant and operational plant; minimal infrastructure upgrades.  Phase 2 (Next 6 to 18 months) – Surface infrastructure required for long term operations

8. Slide 8: Feasibility and Re-start Outcomes

   FEASIBILITY AND RE-START OUTCOMES For personal use only LOW CAPITAL, SHORT LEAD-IN TO PRODUCTION, EXCELLENT PROFITABILITY Pre-Production Capital: $11 million Net Profit Before Tax: $58 million Time to Positive Cash flow: 6 Months Net Profit After Tax: $50 million Annual Production: 130,000t, 30,000

9. Slide 9: Impacts of Higher Grade and Throughput

   IMPACTS OF HIGHER GRADE AND THROUGHPUT For personal use only Nicolsons Plant Production Capacity 90000 Annual production @ 95% Recovery (Ounces) 80000 70000 60000 50000 120,000 tpa 40000 135,000 tpa 30000 150,000 tpa Hole NRCD14007 – 1.2m @ 102.9g/t 20000 10000 0 6 8 10 12 14 16 18 Mine Grade (g/t)

10. Slide 10: Excellent Tenure Position and Exploration Upside Potential

    EXCELLENT TENURE POSITION AND EXPLORATION UPSIDE POTENTIAL For personal use only Project on granted mining leases free of encumbrances  Excellent relationship with underlying pastoral lease owner – Ngunjiwirri Aboriginal Corporation.  Leases granted pre-native title legislation. Many opportunities

11. Slide 11: Halls Creek Project Acquisition

    HALLS CREEK PROJECT ACQUISITION For personal use only Ongoing project expenditure will earn PNR 80% of Project Deal Structure • Project purchased from Bulletin Resources (ASX:BNR). • PNR effectively purchasing 80% for A$1.5 million cash, $1.3 million in new ordinary shares + project expenditure: • 4

12. Slide 12: Nicolsons Summary

    NICOLSONS SUMMARY For personal use only Production at Nicolsons Deposit is Pacific Niugini’s focus  Diamond drilling confirmed narrower but higher grade mineralisation.  Re-start estimates completed. Strong cash flow, low capital, short path to production.  Potential for substantially higher grad

13. Slide 13: Garaina Porphyry and Epithermal Target

    GARAINA PORPHYRY AND EPITHERMAL TARGET For personal use only Exploration success story  Virgin discovery by PNR in 2011 with rapid progression relative to other known PNG projects.  Detailed magnetic surveys and petrology confirm porphyry copper-gold potential.  Kusi surface anomaly > 1.5km x 1km

14. Slide 14: Exciting Initial Drilling Results

    EXCITING INITIAL DRILLING RESULTS  Drilling targeting known zones of high For personal use only and low magnetic susceptibility.  High grade gold identified in both zones drilled to date, with vectors indicating a potential porphyry deposit in the zone of magnetic destruction. Wafi Resource Plan v

15. Slide 15: Near Term Production, Excellent Exploration Upside

    NEAR TERM PRODUCTION EXCELLENT EXPLORATION UPSIDE For personal use only POSITIVE CASHFLOW FROM HALLS CREEK IS PACIFIC NIUGINI’s FOCUS  Excellent drilling program results.  Infrastructure including processing plant in place, located adjacent to major sealed highway, sealed air strip, and associated

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