Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Noosa Mining Conference 2025
20 slides from Pantoro Gold's conference presentation, Jul 24, 2025
Slide 1: Noosa Mining Conference July 2025
For personal use only ASX:PNR Noosa Mining Conference July 2025
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: Norseman PRIMED for Growth
Norseman PRIMED for Growth For personal use only Resource Growing Gold Production Position Positioned For Growth & Reserves New, fully operational gold mining operation In One Of WA’s Highest Grade Goldfields New processing plant operating above Large Pipeline Large, nameplate capacity at 1.2 millio
Slide 5: Corporate Structure
Corporate Structure 25 Share Price1 A$3.75 For personal use only $3.5 Ordinary Shares 393 million $3.0 20 $2.5 Options and rights 8.5 million 15 $2.0 Cash and gold 1,2 A$176 million $1.5 10 Market Capitalisation1 A$1.47 billion $1.0 Debt Nil $0.5 5 Zero premium collars $0.0 0 Hedging/options 12,000
Slide 6: Strong, Experienced Team
Strong, Experienced Team For personal use only BOARD Wayne Zekulich § Financial management, banking and accounting background Paul Cmrlec § Mining Engineering background with >25 years experience Chair § Extensive public company experience at CFO and director level Managing § Extensive experience in
Slide 7: Norseman June 2025 Quarter Summary
NORSEMAN JUNE 2025 QUARTER SUMMARY For personal use only • AISC of $1,991 resulting in EBITDA of $80.4 million and cash and gold increase of $43.3 million. EBITDA for the full year was 196.4 million. • Cash and gold increase of $43.3 million, closing at $175.9 million. Full year cash and gold increa
Slide 8: Norseman FY 2026 Guidance
NORSEMAN FY 2026 GUIDANCE For personal use only Increasing Annual guidance of 100,000 to 110,000 ounces Production of gold production. and Profitability Expected AISC in the range of $1950 to $2250/Oz. $55 million exploration budget. Driven By Near Term Focused on achieving on growth at existing Sco
Slide 9: 100% ownership of a gold province
100% ownership of a gold province WORLD-CLASS GREENSTONE BELT HIGHLY PROSPECTIVE For personal use only SIGNIFICANT EXPLORATION UPSIDE Pantoro Gold’s tenure is situated in the The area south of Kambalda is highly Pantoro Gold’s Norseman tenure is a significant southern end of the most gold-endowed pr
Slide 10: Norseman Gold Project Overview
Norseman Gold Project Overview For personal use only 800 km2 Current Operations tenure 1.2MTPA processing plant. position Two active underground mines. Rehabilitating Bullen decline to enable re-entry to the high-grade Mainfield. 70 km along Open pits recommenced at Princess Royal in March 2025. str
Slide 11: OK Underground Mine
OK Underground Mine For personal use only Ore Reserve increases after mine depletion every year since commencement in 2022. Producing in steady state at circa 40,000 Oz per annum. FY 2025 mined grade 5.83g/t Large extensional exploration drilling program underway and set to continue for all of FY202
Slide 12: Scotia, Grade Control Revealing the TRUE Potential
Scotia, Grade Control Revealing the TRUE Potential For personal use only • Underground mining commenced May 2024. • Production underway and now at full rate. • Wide high-grade zones in grade control drilling correlating well with development. • Expected to produce circa 60,000 Oz per annum at curren
Slide 13: Princess Royal Mining Area
Princess Royal Mining Area For personal use only • Open pit operations re-commenced on 6 March 2025 at Princess Royal. • Well known and respected contractor Big Yellow awarded full-service mining contract. Mining progressing at budgeted rates. • Gladstone open pit to commence following completion of
Slide 14: Rate, Recovery and Reliability
Rate, Recovery and Reliability For personal use only • Comfortably running at 1.2MTPA with further increases up to 1.4MTPA easily achieved WITHOUT any major upgrade costs. • Excellent recovery: 94.5% FY to date. • Targeting growth through addition of high-grade underground ounces. FY25 approx. guida
Slide 15: Norseman Growth Pathway
Norseman Growth Pathway Pantoro’s growth strategy aims to add high grade mill feed to expand to +200Kozpa in medium term. For personal use only Aim to add highest possible grades from new mines. 1,400,000 • Replacing open pit feed 1,200,000 with higher grade underground ore. @ Scotia 1,000,000 Reser
Slide 16: Mainfield – the BIG Prize
Mainfield – the BIG Prize use only Mainfield is the most prolific mining area at Norseman to date Crown/ Mararoa • First pass drilling completed with focus areas identified. St Pats • Drill areas focused on zones easily accessed from existing infrastructure. • Large areas unmined previously. For per
Slide 17: Bullen Rehabilitation and Drilling
Bullen Rehabilitation and Drilling For personal use only • Contract awarded to RedPath Australia. • Rehabilitation works are progressing well with excellent ground conditions noted. Approx 900m advance being achieved per month. • Drilling commenced in March 2025. Drill access Drill access from Q4 FY
Slide 18: First Regional Exploration in Years
First Regional Exploration in 30 Years HIGHLY PROSPECTIVE For personal use only SIGNIFICANT EXPLORATION UPSIDE Pantoro Gold’s Norseman tenure is a significant Kambalda Norseman proportion of the highly prospective did not have any region, effective exploration including Lake Cowan which has had mini
Slide 19: Summary
Summary For personal use only Exceptional • Cash growth while building new mines and advancing growth activities. position, • FY25 EBITDA A$196.4 million. strong • FY25 cash and gold increase of $72 million cashflow • A$176 million in cash and gold and building. Leveraged • Debt free. to the gold •
Slide 20: Mineral Resource & Ore Reserve
Mineral Resource & Ore Reserve For personal use only ● Refer to ASX Announcement dated 26 September 2024 for full details of the Mineral Resource and Ore Reserve. ● Scotia and Green Lantern Open Pits (0.5 g/t cut-off applied), OK and Scotia Underground Mines (2.0 g/t cut-off applied). ● Norseman Und