Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Noosa Mining Conference 2026
28 slides from Pantoro Gold's conference presentation, Jul 22, 2026
Slide 1: Noosa Mining Conference July 2026
For personal use only ASX:PNR Noosa Mining Conference July 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 Company) to Forward Looking Statements and future performance This presentation contains forward looking statements about provide general information about Pantoro.
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 Pantoro), as For the purposes of ASX Listing Rule 5.19, Pantoro confirms that all material assumptions underpinning the well as pro forma financial info
Slide 4: Norseman is a simple production story
Norseman is a simple production story A single processing facility, supported by high grade ore sources forming a large 4.6Moz Mineral Resource For personal use only High grade ore sources processed at a central production facility Production underpinned by a large Resource base 90-105 koz1 A$2,800-
Slide 5: A differentiated, high-grade gold producer
A differentiated, high-grade gold producer Norseman is one of the highest-grade operations in Australia and has significant exploration upside For personal use only Disciplined, cash flow-focused model Large and prospective land package Strong emphasis on capital discipline and free cash flow Substa
Slide 6: Corporate overview
Corporate overview A highly experienced Board and Executive Leadership Team, coupled with a simple capital structure For personal use only Corporate Profile Capital Structure Board of Directors As at 20 July 2026 Share price $/sh 1.995 1 Paul Cmrlec Managing Director and CEO Fully-diluted shares on
Slide 7: Operating, improving, growing
Operating, improving, growing Focused on maintaining operational discipline with a goal to constantly improve and grow For personal use only Operating King of the Hills Laverton Granny Smith High grade mining fronts • Three high-grade producing deposits in Scotia, OK and Gladstone • All ore sources
Slide 8: Three producing deposits feed the Norseman mill
Three producing deposits feed the Norseman mill Pantoro is progressing mine development and drilling across the Norseman tenement package For personal use only 800 km2 • Processing is currently running comfortably at Norseman 1.2Mtpa with excellent recovery of 95%. Processing Processing tenure Facil
Slide 9: 6Moz Au produced from Norseman tenure to date
6Moz Au produced from Norseman tenure to date WORLD-CLASS GREENSTONE BELT HIGHLY PROSPECTIVE GEOGRAPHY SIGNIFICANT EXPLORATION UPSIDE For personal use only Pantoro Gold’s tenure is situated in the southern end The area south of Kambalda is highly prospective, Pantoro Gold’s Norseman tenure is a sign
Slide 10: Pathway to 200koz production
Pathway to 200koz production Through organic development of existing ore sources, unlocking higher feed grades and For personal use only prioritising cash flow, Pantoro remains on track to deliver its long-term aspirational targets 2026 2027 Long-term Deliver on guidance Optimise mill capacity Becom
Slide 11: Processing plant recoveries remain very strong
Processing plant recoveries remain very strong Norseman annual production (koz, recovered) For personal use only Sensitivity on grade and processing rate Power Station Crushing Circuit 1.2Mtpa 1.5Mtpa CIL Tanks ~200kozpa target achieved 367 321 293 275 257 229 220 206 Mill 183 183 160 165 137 128 14
Slide 12: Operations
For personal use only Operations x
Slide 13: OK Underground Mine
OK Underground Mine For personal use only • Ore Reserve has increased every year since mining commenced, despite ongoing depletion • Producing in steady state • Large extensional exploration drilling program underway and set to continue OK for all of FY26 and FY27 • Drilling extensions in both the S
Slide 14: OK Growth opportunities
OK Growth opportunities For personal use only High-grade zone discovered at Racetrack Discovery of Highgrade ore at Racetrack OK UG Structure • Eastern Extensions to the O2 orebody defined. Larger drill program underway. f E ri n • 8.00 m @ 28.68 g/t Au including 1.00 S ta r o m @ 189.84 g/t Au. • 5
Slide 15: Scotia Underground Mine
Scotia Underground Mine For personal use only • Development of the South decline commenced May 2024 • Historic decline now rehabilitated providing two mine accesses • Now actively developing and producing ore from 3 Two additional areas for the first time – levels approved Central Scotia, Scotia Sco
Slide 16: Scotia – Open in all Directions
Scotia – Open in all Directions For personal use only Scotia Refer to ASX release on 28 April 2026 for details. 16
Slide 17: Gladstone – Daisy Mining Area
Gladstone – Daisy Mining Area For personal use only • Gladstone lies approximately 8 km East of the Norseman processing plant • 3.8M BCM to be excavated during stages 1 and 2 of open pit mining • GEV Stage 3 now Gladstone underwritten with additional infill drilling being undertaken prior to committ
Slide 18: Gladstone Open Pit – Stage Grade Control
Gladstone Open Pit – Stage 3 Grade Control For personal use only • Stages 1 and 2 are approved by board and being mined. • Stage 3 infill and grade control drilling returning very strong results with approximately half of Gladstone results outstanding. • Two years of pit life remaining, with an addi
Slide 19: Green Lantern Open Pit
Green Lantern Open Pit • Clearing completed and grade control drilling For personal use only well under-way. • Mining to commence during August 2026. • Long-life lower grade open pit providing high volume mill feed and ore stockpiles to secure production profile. • Mining to generate additional ore
Slide 20: Growth: Exploration and upside
For personal use only Growth Exploration and upside x
Slide 21: Mainfield – Major Opportunity
Mainfield – Major Opportunity use only Mainfield is the most prolific mining area at Norseman Crown/ to date Mararoa St Pats • First pass drilling completed with focus areas identified • Drill areas focused on zones easily accessed from existing infrastructure Mainfield For personal • Large areas un
Slide 22: Mainfield Exploration
Mainfield Exploration For personal use only Mainfield 22
Slide 23: Crown Reef – historical production 1.1 Moz @ 11.2g/t
Crown Reef – historical production 1.1 Moz @ 11.2g/t For personal use only 23
Slide 24: O’Briens Lode – Development commencing mid-2026
O’Briens Lode – Development commencing mid-2026 For personal use only 24
Slide 25: Strong Initial Results in Butterfly
Strong Initial Results in Butterfly For personal use only • Area above target zone extensively mined for approximately 200m vertical • Excellent strike rate in Mainfield initial drilling • Mineralisation only 70m from exploration decline – easy access • Decline can be extended at any time with known
Slide 26: Greenfield Exploration Underway
Greenfield Exploration Underway Opportunities over 2km of strike For personal use only • On Lake exploration has been extremely limited in Norseman with a short Hinem oa campaign by Western mining Between Leeders 1990 and 1992. Killahoe Hill Snapper Davros Tuna • Resulted in the discovery of Harlequ
Slide 27: Investor Enquiries
For personal use only Investor Enquiries: Paul Cmrlec Managing Director admin@pantoro.com.au +61 8 6263 1000 Media Enquiries: Sam Macpherson Vector Advisors smacpherson@vectoradvisors.au +61 401 392 925 www.pantoro.com.au ASX: PNR
Slide 28: Mineral Resource & Ore Reserve
Mineral Resource & Ore Reserve For personal use only Pantoro Global Mineral Resource Measured Indicated Inferred Total kt Grade koz kt Grade koz kt Grade koz kt Grade koz Norseman Gold Project 4,946 2.4 374 19,084 3.1 1,898 19,155 3.8 2,327 43,194 3.3 4,601 Total 4,946 2.4 374 19,084 3.1 1,898 19,15