Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Shareholder Meeting (November 2020)
31 slides from Pantoro Gold's shareholder meeting presentation, Nov 19, 2020
Slide 1: Delivering Our Long Term Growth Strategy
Click to edit Master title style For personal use only DELIVERING OUR LONG TERM GROWTH STRATEGY ANNUAL GENERAL MEETING - NOVEMBER 2020 ASX:PNR
Slide 2: Important Notices
Click toIMPORTANT NOTICES edit Master title style For personal use only Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon
Slide 3: Western Australian Focused Gold Miner
WESTERN AUSTRALIAN Click toFOCUSED GOLD edit Master titleMINER style For personal use only PANTORO IS AN AUSTRALIAN GOLD PRODUCER, DEVELOPER AND EXPLORER STRONG BALANCE SHEET $65.2 million cash and gold at September 30 2020. BROOME DEBT FREE HALLS CREEK UNHEDGED benefitting from strong gold price LA
Slide 4: 2020 Key Outcomes
2020 Click – KEY to edit OUTCOMES Master title style For personal use only HALLS CREEK (PNR 100%) § Major changes to management and operating approach to maximise cashflow. § Strong cashflow in the first 3 quarters of the calendar year. Approximately $2.7 million cashflow in month of October 2020, a
Slide 5: Corporate Overview of Pantoro
CORPORATE OVERVIEW Click to OF title edit Master PANTORO style For personal use only SHARE PRICE Volume Share price BOARD $0.30 25 WAYNE ZEKULICH – NON EXECUTIVE CHAIRMAN PAUL CMRLEC – MANAGING DIRECTOR $0.25 20 $0.20 § Financial management, banking and accounting background. § Mining Engineering ba
Slide 6: Halls Creek (PNR 100%)
Click to edit Master title style For personal use only HALLS CREEK (PNR 100%) 6
Slide 7: Halls Creek Project
Click to edit Master HALLS CREEKtitlePROJECT style For personal use only PANTORO’S FIRST DEVELOPMENT HAS DELIVERED OVER A LONG PERIOD HALLS CREEK LOCATION & REGIONAL TENEMENTS § Successfully built operations from the ground up. § Proven high grade production & uninterrupted gold production since Sep
Slide 8: Strong Positive Cashflow, Maintenance of Gold Inventory
STRONG POSITIVE CASHFLOW, MAINTENANCE OF GOLD Click to edit MasterINVENTORY title style For personal use only HALLS CREEK § Maximising free cashflow in accordance with the plan § Free cash flow $4.0 million with AISC of A$1,612/oz (Within Guidance) in September Quarter, and $8.8m Cashflow April - Se
Slide 9: Norseman Gold Project (PNR 50%)
Click to edit Master title style For personal use only NORSEMAN GOLD PROJECT (PNR 50%) 9
Slide 10: Feasibility Study Highlights
FEASIBILITY Click to editSTUDY HIGHLIGHTS Master title style For personal use only HIGHLIGHTS Financially attractive gold mining operation underpinned by 1 initial 7 year Phase One project life. 2 Impressive project cashflow of $486 million (pre-tax) and IRR 92% (pre-tax) at A$2,600 gold price. Aver
Slide 11: Economics Underpinned by Strong Phase One Cashflow
ECONOMICS UNDERPINNED BY STRONG Click toPHASE ONE CASHFLOW edit Master title style For personal use only PHASE ONE CASHFLOW & CAPITAL COSTS ($2,600/oz) A$ millions 600 Cumulative Cashflow (pre-tax) Pre Production Capital Cumulative Phase One Cashflow $485.9m (pre-tax) 500 Major Project Capital Susta
Slide 12: Phase One Plan Considered Small Portion of Resources
PHASE 1 PLAN CONSIDERED SMALL Click PORTION OF RESOURCES to edit Master title style For personal use only REMAINING MINERAL RESOURCE Resource (koz) Production (koz) SMALL PORTION OF AVAILABLE MINERAL RESOURCE FURTHER 4,500 DEVELOPED BY PANTORO TO DATE 4,000 3,500 § Only 30% of the Mineral Resource c
Slide 13: Norseman Phase One Annual Outcomes
NORSEMAN PHASE ClickONE ANNUAL to edit MasterOUTCOMES title style For personal use only ALL-IN SUSTAINING COST—PHASE ONE LIFE OF MINE GOLD PRODUCTION & GRADE—PHASE ONE LIFE OF MINE A$ per ounce Production per annum Head grade 140koz 4.5 g/t $3,000 AISC Royalties Phoenix Tails Mining Sustaining Capit
Slide 14: Norseman AISC in 3rd Decile of Aus/NZ Gold Mines
NORSEMAN AISC IN 3RD DECILE OFedit Click to AUS/NZ GOLD Master titleMINES style For personal use only GOLD PRODUCTION COST CURVE (AUSTRALIA & NEW ZEALAND) AISC (A$) as reported in the June Quarter 2020 Low AISC of $1,2921 will place Norseman in the 3rd decile of Australia/NZ gold mines Source: Aurum
Slide 15: Production Underpinned by Major Mining Centres
PRODUCTION UNDERPINNED BY MAJOR Click MININGtitle to edit Master CENTRES style For personal use only SIMPLE STRATEGY WITH MAJOR MINING CENTRES PAVING THE WAY FOR A LONG LIFE OPERATION GLADSTONE SCOTIA Mineral Resource 2.0Mt @ 2.7g/t Mineral Resource 3.9Mt @ 3.6g/t Historic Mined Grade 4.6g/t Histori
Slide 16: Large Long Life Open Pits
LARGE Click LONG to edit LIFE OPEN Master PITS title style For personal use only COBBLER § Virgin orebody with no previous mining § wide ore zones and a low 6:1 overall stripping ratio § Early access to ore tonnes underpins site production start up § Only 5km from processing plant WIDE ORE ZONES WIT
Slide 17: High Grade Open Pits: Scotia
Click toHIGH edit GRADE Master OPEN PITS title style For personal use only SCOTIA PANTORO DRILLING 4m @PANTORO 44.46 g/t AuDRILLING 11m @ 6.27 g/t Au § Historic mined grade of 5 m @ 15.91 g/t Au 4m @ 7.61 g/t Au 5.9g/t (open pit and 10 m @ 11.60 g/t Au 8m @ 3.45 g/t Au underground combined) 8.7 m @
Slide 18: High Grade Open Pits: Gladstone
Click toHIGH edit GRADE Master OPEN PITS title style For personal use only GLADSTONE PANTORO DRILLING 4m @ 8.26 g/t Au DRILLING PANTORO 2m @ 18.11 g/t Au § Historic mined grade of 2m @ 11.42 g/t Au 2m @ 28.94 g/t Au 4.60 g/t (at average 2m @ 3.38 g/t Au 1m @ 27.50 g/t Au gold price of A$600/oz) 1m @
Slide 19: High Grade Underground: OK Mine
Click to edit HIGH GRADEMaster title style UNDERGROUND For personal use only OK UNDERGROUND MINE OK MINE LONG SECTION § OK Mine produced approximately 500Kt @ 9.1g/t up to 1997 § OK Mine is fully accessible with ground support in good condition and most infrastructure still in place § Drilling under
Slide 20: Infrastructure to Facilitate Timely Production Restart
INFRASTRUCTURE TO FACILITEClick TIMELY PRODUCTION to edit RESTART Master title style For personal use only THE PROJECT REQUIRES A NEW PROCESSING PLANT, BUT MOST INFRASTRUCTURE IS IN PLACE PC to consider wording on Phase Two plan? 20
Slide 21: Norseman – An Exploration Opportunity
NORSEMAN – AN EXPLORATION Click OPPORTUNITY to edit Master title style For personal use only A HIGH SCALE, TOP TIER ASSET WORLD-CLASS GREENSTONE BELT HIGHLY PROSPECTIVE AREA SIGNIFICANT EXPLORATION UPSIDE Norseman produced ~6Moz historically Pantoro’s tenure is situated in the southern The area betw
Slide 22: Exceptional Exploration Footprint – Dominant Tenement Position
EXCEPTIONAL EXPLORATION FOOTPRINT – DOMINANT TENEMENT Click to edit POSTION Master title style For personal use only OUTSTANDING EXPLORATION TARGETS § Multiple +1Moz Targets & no systematic exploration at since early 1990’s – limited to only 5 years § Extensive tenure covering the Lake Cowan area wa
Slide 23: Exploration Success: Panda Deposit Discovery
Click to EXPLORATION SUCCESS edit Master title style For personal use only PANDA DEPOSIT DISCOVERY § The Panda discovery is located approximately 250 metres west of the current Scotia PANDA Mineral Resource on a parallel but previously untested structure 5m @ 24.84 g/t Au § Since discovery of the Pa
Slide 24: 2021 Focus and Strategy
Click to edit Master title style For personal use only 2021 FOCUS AND STRATEGY 24
Slide 25: Norseman – Resource Development
MAINFIELD NORSEMAN – RESOURCE Click DEVELOPMENT to edit Master title style For personal use only SCOTIA Mainfield – One of the Highest Grade Gold Fields in Australia § Focus to remain on strike and depth extensions. § Multiple targets in this iconic field with a blend of resource development, follow
Slide 26: Mainfield Long View
MAINFIELD Click LONG to edit Master titleVIEW style For personal use only Mainfield § Initial drilling at Butterfly and St Patrick’s/Mt Barker. § Both areas have resources for Viking Bullen OK Butterfly St Patrick's conversion to Ore Reserves for both surface and underground mining once infilled. §
Slide 27: Crown Reef
CROWN REEF CROWN Click to edit Master titleREEF style For personal use only Crown Reef § Crown Reef was a prolific early producer, with hig grade mineralisation continuing in the deepest levels. § Crown South previously developed with stoping at high grades commenced, but not materially advanced. §
Slide 28: Norseman Exploration
NORSEMAN Click to edit- Master EXPLORATION title style For personal use only Cross Links and Other Exploration § Bullen mine is a cross C8 linking structure which 91 0 produced ~5 Pro approximately 500KOz 00 du Bu @ 1 d Ko ce Crown South § lle 0g Other structures z n St Patrick's identified with dri
Slide 29: Norseman – Recommencement of Production
NORSEMAN - RECOMMENCEMENT OF PRODUCTION Click to edit Master title style For personal use only PREPARATION FOR CONSTRUCTION AND PRODUCTION ACTIVITIES UNDERWAY § New processing plant tender process to open during November 2020. § Expect to place orders for long lead items before the end of 2020. § Ex
Slide 30: Halls Creek
HALLS Click to edit Master title CREEK style For personal use only CONTINUE TO MAXIMISE CASHFLOW AND REPLENISH MINE LIFE THROUGH ONGOING DRILLING 30
Slide 31: Summary
Click to edit Master SUMMARY title style For personal use only PANTORO IS AN AUSTRALIAN GOLD PRODUCER AND DEVELOPER WITH A UNIQUE WESTERN AUSTRALIAN PROJECT PORTFOLIO STRONG BALANCE SHEET NEAR TERM PRODUCTION SOLID CASHFLOW FROM FROM NORSEMAN HALLS CREEK § A$65.2 million cash and gold at § Initial 7