Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Q1 2026 Earnings Presentation
16 slides from Pantoro Gold's earnings presentation, Apr 28, 2026
Slide 1: Quarterly Results Presentation March Quarter 2026
For personal use only ASX:PNR Quarterly Results Presentation March Quarter 2026
Slide 2: Important Notes
Important Notes 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. about
Slide 3: Important Notes (Continued)
Important Notes (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: Strong cashflow continues with intensive growth drilling program producing results
Strong cashflow continues with intensive growth drilling program producing results For personal use only • Strong balance sheet – $250.3M cash and gold. • Debt free. AISC $xx/oz • Operational cashflow – $88.4M EBITDA and $37.8M increase (pre-buyback) quarter on quarter with growth activities in full
Slide 5: Taking advantage of our unhedged position
Taking advantage of our unhedged position For personal use only Our key focus: 17,757 oz AISC EBITDA ü Maintain strong margins and profitability under all Production $3,204/oz $88.4M conditions. ü Responsibly deploying capital to secure long- term growth in Mineral Resources, Ore Reserves and produc
Slide 6: Safety and Community in Focus
Safety and Community in Focus Safety Performance For personal use only Safety Statistics • Continued reduction in LTIFR with no LTI’s during the quarter. • Continued focus on incident prevention and reporting showing positive effects. Community Initiatives • Pantoro Gold continued to invest in educa
Slide 7: Norseman Operations Summary
Norseman Operations Summary For personal use only • Lower underground ounces impacted by: • Flooding associated with Cyclone Mitchell and prolonged poor weather conditions throughout February and March causing multiple charter flight disruptions. • Personnel disruptions during January school holiday
Slide 8: Scotia Underground Mine
Scotia Underground Mine For personal use only • Scotia produced 6,752 ounces during the quarter. • Impacted by flooding associated with Cyclone Mitchell and key equipment availability. • Now actively developing and producing ore from 3 areas – Central Scotia, Scotia North and extensions to historic
Slide 9: Strong drilling results across the system during the quarter
Strong drilling results across the system during the quarter. For personal use only Refer to ASX Announcement “Scotia Drilling Continues to Support Growth” released on 22 April 2026 for full details.
Slide 10: OK Underground Mine
OK Underground Mine For personal use only • Mine production has been lower as the current incumbent contractor prepares to demobilise and Redpath prepares to transition into principal contractor role. • 40,997 t @ 3.83g/t for 5,052 ounces mined. • Redpath to commence work from 1 May 2026. • Focus on
Slide 11: Mainfield – New underground mine approved
Mainfield – New underground mine approved For personal use only • New mine development in O’Briens and Crown South Reefs approved by Pantoro. • Currently completing dewatering and rehabilitation of Bullen Decline ahead of mid-year development start-up. • Expect mine grades of 6g/t+, aligning to Pant
Slide 12: Mainfield – Further potential growth at Butterfly
Mainfield – Further potential growth at Butterfly For personal use only • New exploration decline developed by Pantoro. • First round of results very promising with assays including: • 1.5 m @ 81.23g/t • 1.7 m @ 34.35g/t • 1.1 m @ 26.88g/t • 0.54 m @ 58.76g/t • 0.3 m @ 103.75g/t • 0.6 m @ 58.96g/t •
Slide 13: Gladstone Open Pit – Outstanding drill results underwrite Stage 3
Gladstone Open Pit – Outstanding drill results underwrite Stage 3 For personal use only • Gladstone progressed well during the quarter despite the weather interruptions experienced in February and March. 658,000 BCM mined during the quarter. • First ore dug in April 2026. • Grade control drilling of
Slide 14: Partnership on Rama open pit with Mega Resources
Partnership on Rama open pit with Mega Resources For personal use only • Post-period end announcement of partnership with Mega Resources. • Rama Open Pit lies approximately 250km to the West of Norseman and is directly accessible via the Norseman – Hyden road. • Pantoro to provide funding advance to
Slide 15: Forward Plan
Forward Plan For personal use only • Guidance was updated to 86,000 to 92,000 ounces for FY2026 during the quarter. • Budget process for FY 2027 and beyond underway. Expect completion in June 2026. Will include additional ore sources from Mainfield and expanded Gladstone open pits. Also includes ore
Slide 16: Summary
Summary For personal use only Ø Pantoro Gold is in a very strong position with extensive growth activities underway and strong cash generation continuing. Ø Quarterly EBITDA of $88.4 million, and cash and gold increase of $37.8 million (pre-buyback). Ø Committed to third underground production centr