Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Shareholder Meeting (November 2024)
29 slides from Pantoro Gold's shareholder meeting presentation, Nov 27, 2024
Slide 1: Annual General Meeting
For personal use only Annual General Meeting ASX: PNR November 2024
Slide 2: Important Notices
IMPORTANT NOTICES 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. abo
Slide 3: Important Notices Continued
IMPORTANT NOTICES 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: A Transformational Period
A TRANSFORMATIONAL PERIOD For personal use only Ounces Product by Quarter 25,000 Modification to Scotia mining strategy in January 2024 21,374 drives production growth and profitability. 20,805 20,000 19,235 Underground development at Scotia commenced May 18,185 2024. Open pit mining at Scotia concl
Slide 5: Operations Generating Cashflow
OPERATIONS GENERATING CASHFLOW For personal use only § The Norseman Gold Project and Pantoro as a company has been cashflow generative for the past three quarters – moving from construction to operational phase. § Profitable despite large expenditure on development of the Scotia underground mine and
Slide 6: Corporate Structure
CORPORATE STRUCTURE For personal use only $0.14 140 Share Price1 A$0.098 $0.12 120 Ordinary Shares 6,454 million $0.10 100 Options and rights 166.4 million $0.08 80 Cash and gold 2 A$112.3 million $0.06 60 Market Capitalisation 1 A$632 million $0.04 40 Debt3 US$12.5 (A$19.4) million $0.02 20 Zero pr
Slide 7: Committed, Experienced Team
COMMITTED, 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 Managing Director § Extensive experie
Slide 8: Operations
For personal use only OPERATIONS 8
Slide 9: Norseman Primed for Growth
NORSEMAN PRIMED FOR GROWTH For personal use only LARGE, HIGH-GRADE MINERAL RESOURCE 44.9 Mt @ 3.3 g/t for 4.7 million ounces gold. GROWING GOLD PRODUCTION POSITION New, fully operational gold mining operation which includes: 1. New >1 million tonne per annum processing plant operating above nameplat
Slide 10: 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. Crushing circuit capable of 1.7MTPA – no upgrades necessary if plant throughput is increased. Excellent recovery: 94.3% for the qu
Slide 11: OK Underground Mine
OK UNDERGROUND MINE For personal use only OK UNDERGROUND MINE Production underway and development ongoing from Star of Erin and O2 Lodes. 150m vertical of capital development in Star of Erin. Very high grades encountered in 02 lode. Year on year Ore Reserve increases after depletion. All lodes open
Slide 12: Scotia Underground Underway
SCOTIA UNDERGROUND UNDERWAY For personal use only UNDERGROUND Contract mining by Tier 1 contractor Redpath. Rapid access to ore levels, increasing mill grade through FY2025. Steady state production expected to be achieved during March 2025 quarter, contributing 60 – 70kozpa. Scotia Underground OPEN
Slide 13: Scotia Underground Mine Plan
SCOTIA UNDERGROUND MINE PLAN For personal use only KEY MILESTONES ∙ Underground development and production contract Award – March 2024 ∙ Portal Excavation – May 2024 (Completed) ∙ Ore Development – Q1 FY25 (Completed) ∙ Production stoping – Q2 FY25 ∙ Steady State – Q3 FY25 KEY METRICS ∙ Steady state
Slide 14: Norseman Gold Project Primed for Growth
For personal use only NORSEMAN GOLD PROJECT PRIMED FOR GROWTH
Slide 15: Mineral Resource and Ore Reserve
MINERAL RESOURCE AND ORE RESERVE For personal use only 15
Slide 16: Large, High Grade Underground Mines
LARGE, HIGH GRADE UNDERGROUND MINES For personal use only CURRENT RESOURCE IN OPERATING UNDERGROUND MINES Scotia – 300 koz @ 5.2g/t OK – 200 koz @ 13.5g/t HISTORICAL PRODUCTION FROM MAJOR MINING AREAS Mainfield – 7.3Mt @ 10.8g/t for 2.53 MOz North Royal – 3.3Mt @ 16.7g/t for 1.78 Moz Processing Faci
Slide 17: Norseman Growth Pathway
NORSEMAN GROWTH PATHWAY For personal use only 1,400,000 Replacing open pit feed with higher grade underground ore. 1,200,000 Growth drilling underway on 1,000,000 surface at Mainfield and Target Tonnes Processed underground at Scotia. 800,000 Mainfield (Bullen) underground 600,000 decline rehabilita
Slide 18: Scotia – Open in All Directions
SCOTIA – OPEN IN ALL DIRECTIONS For personal use only Scotia Growth Targets ∙ Underground drilling to commence in September 2024. ∙ Initially targeting depth extensions in the Southern Zone and the undeveloped Eastern Lode. ∙ Underground drilling operations to continue throughout the coming year. 18
Slide 19: Scotia - Additional Lodes Identified
SCOTIA - ADDITIONAL LODES IDENTIFIED For personal use only Free Gift Scotia SIF Extensions Discovery Scotia Extensions Panda Lode Inferred Eastern Lode 4.5km LERC21_235 3m @ 11.58 g/t Green Lantern + Extensions LERC21_157 1m @ 9.84 g/t MAJOR DRILL-OUT AT SCOTIA YIELDED RESULTS IN PHASE 1. • Scotia M
Slide 20: Mainfield – The Big Prize
MAINFIELD – THE BIG PRIZE use only Mainfield is the most prolific mining area at Norseman to date. Crown/ Mararoa St Pats ► First pass drilling completed with focus areas identified. ► Drill areas focussed on zones easily accessed from existing infrastructure For personal Processing ► Large areas un
Slide 21: Mainfield Immediate Drill Targets
MAINFIELD For personal use only IMMEDIATE DRILL TARGETS ► Unmined areas of Crown Reef and Crown South. ~5 C8 00 rod 91 Bu z @ d Crown Cross links similar to K o uc 0 P ► lle 1 0 Bullen, which produced n Crown South approximately 500KOz, e g/ only discovered in 1980s t St Patrick's after 50 years of
Slide 22: Underground Access for Drilling
UNDERGROUND ACCESS FOR DRILLING For personal use only BULLEN DECLINE ► Decline is in excellent condition. Requires new ground support. ► Provides easy access to all areas previously mined in the Mainfield. ► Accessible to 14 Level (flooded below). Provides immediate access to take-off points from Cr
Slide 23: Re-accessing Bullen Decline
For personal use only Drill access Drill access from Q3 from Q1 FY2025 2025 Drill access BULLEN Bul roa from August len Maro FY2025 Drill access from Q2 O’Brien Early mining opportunity. 130,000t @ 9.5 g/t for Crown 40,000 Oz Crown South RE-ACCESSING BULLEN DECLINE 23
Slide 24: Crown Reef
For personal use only CROWN REEF 24
Slide 25: Southern Mainfield Butterfly Area
SOUTHERN MAINFIELD For personal use only BUTTERFLY AREA ► Accessible via existing Viking Decline. ► Existing Mineral Resources at Mararoa and Royal Standard Reefs. ► New discovery of NW striking mineralisation with results including: 6 m @ 31.0 g/t Au. 1m @ 58.6 g/t Au. 2 m @ 20.66g/t Au. 2m @ 12.43
Slide 26: Butterfly Drill Programme
BUTTERFLY DRILL PROGRAMME For personal use only Butterfly 2022 Significant Drill Intersections Butterfly NW Royal Standard Butterfly Pillar BFNWRC24_014: 2m @ 20.6g/t from 125m RSRC22_001: 1m 22.7g/t Au from 109m BFRC22_086: 2m @ 6.03g/t Au from 184m BFNWRC24_013: 6m @ 31.0g/t Au from 54m RSRC22_002
Slide 27: Massive Greenfield Potential
MASSIVE GREENFIELD POTENTIAL A HIGH SCALE, TOP WORLD-CLASS SIGNIFICANT For personal use only HIGHLY TIER ASSET GREENSTONE BELT PROSPECTIVE AREA EXPLORATION UPSIDE Norseman produced ~6Moz The area between Norseman and Pantoro’s Norseman tenure is a significant Pantoro’s tenure is situated in the hist
Slide 28: ESG Progress and Commitment
ESG PROGRESS AND COMMITMENT For personal use only TRANSPARENCY AND REAL-TIME TRACKING ● Collaborating with ESG+F to develop a live ESG platform, providing stakeholders with real- time insights into environmental metrics and governance practices ● Tracking over 1,300 key indicators, enhancing data ov
Slide 29: Pantoro's Alignment with Global ESG Standards
Pantoro’s Alignment with Global ESG Standards Pantoro tracks 1,335 ESG indicators to enhance process improvement and resilience against operational risks, including health, safety, and environmental For personal use only impacts. These indicators align with global standards and the UN Sustainable De