Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Non-Deal Roadshow (February 2025)
26 slides from Pantoro Gold's roadshow presentation, Feb 10, 2025
Slide 1: East Coast Roadshow
For personal use only EAST COAST ROADSHOW ASX: PNR February 2025
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: 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 processing plant operating above nameplate capacity at 1.2 million t
Slide 5: December Quarter - An Important Period for Our Growth Trajectory
DECEMBER QUARTER - AN IMPORTANT PERIOD FOR OUR GROWTH TRAJECTORY For personal use only Ø Production of 19,436 ounces, within guidance of 18,000 – 22,000 ounces, maintaining positive cashflow while increasing growth activities. Ø OK Underground Mine and processing plant continue to out-perform pre-op
Slide 6: December 2024 Quarter
DECEMBER 2024 QUARTER For personal use only EBITDA of $38.7 million. Half year EBITDA of $70.5 million Cash and gold build of $13.8 million excluding one-off Ounces Product by Quarter stamp duty payment. $6.9 million net cashflow. 25,000 21,374 Major project capital of $24.1 million invested. 20,805
Slide 7: Norseman Guidance
NORSEMAN GUIDANCE For personal use only Ø Q2 quarterly guidance met with 19,346 oz (guidance of 18,000 – 22,000 ounces). Ø Full year guidance adjusted to 90,000 ounces ±5%. Ø Revision to guidance reflects initial results at Scotia where development and diamond drilling has demonstrated strike extens
Slide 8: Corporate Structure
CORPORATE STRUCTURE For personal use only 140 Share Price1 A$0.13 $0.14 120 Ordinary Shares 6,454 million $0.12 100 $0.10 Options and rights 166.4 million 80 $0.08 Cash and gold 2 A$119.3 million $0.06 60 Market Capitalisation 1 A$839 million 40 $0.04 Debt 3 US$12.5 (A$20.0) million $0.02 20 Zero pr
Slide 9: Strong, Experienced Team
STRONG, EXPERIENCED TEAM Enhanced through appointment of Stuart Mathews For personal use only BOARD Wayne Zekulich § Financial management, banking and accounting Paul Cmrlec § Mining Engineering background with >25 years Chair background Managing Director experience § Extensive public company experi
Slide 10: Safety and Community in Focus
SAFETY AND COMMUNITY IN FOCUS Safety Performance Q2, FY25 FY to Date For personal use only Sponsorship of CoRE Learning at Norseman District High School Lost Time Injuries 0 3 • Provides Students with hands-on STEM education with a focus on mining. Other Total Recordable Injuries 1 2 • Direct on-sit
Slide 11: Norseman Gold Project Overview
NORSEMAN GOLD PROJECT OVERVIEW For personal use only MULTIPLE MINING CENTRES PROVIDE LONG MINING PIPELINE 800km2 position with 70 km along strike of one of Australia’s most significant goldfields. Less than 30% of known Mineral Resource areas drilled for Ore Reserve conversion to date. CURRENT OPERA
Slide 12: 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 13: Scotia Ramp-Up
SCOTIA RAMP-UP For personal use only Ø Development progressing well with 1,559 metres achieved during the quarter. Expected to increase to >2,000 metres in March 25 quarter. Ø 44,000 tonnes of ore mined during the quarter. Approximately 100,000 tonnes @ 3.8 g/t expected in March Quarter Ø Initial st
Slide 14: Scotia – Open in All Directions
SCOTIA – OPEN IN ALL DIRECTIONS For personal use only 14
Slide 15: Princess Royal Mining Area
PRINCESS ROYAL MINING AREA For personal use only Ø Plan to commence open pit operations in March 2025. Ø Well supported tender process for mining operations. Preferred contractor status reached with contract execution planned for February 2025. Ø Site infrastructure works are well progressed, with a
Slide 16: Growth Targets
For personal use only GROWTH TARGETS
Slide 17: 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 18: 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 19: Scotia – Open in All Directions
SCOTIA – OPEN IN ALL DIRECTIONS For personal use only Scotia Growth Targets ∙ Underground drilling commenced 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. 19
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 ► Large areas unmined previ
Slide 21: Bullen Rehabilitation and Drilling
BULLEN REHABILITATION AND DRILLING For personal use only Ø Contract awarded to RedPath Australia. Ø Rehabilitation works are progressing well with excellent ground conditions noted. 30 – 40m advance being achieved daily. Ø On track for commencement of drilling by the end of the March 2025 quarter wi
Slide 22: Crown Reef
For personal use only CROWN REEF 22
Slide 23: 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 24: Exploration Drilling - Surface
EXPLORATION DRILLING - SURFACE For personal use only Mainfield - Surface Ø 9,052m of RC and 3,955m of diamond drilling completed to date. Ø Drilling has highlighted interaction between lodes and porphyry units in the area. Ø Results expected to be published within next month. Drilling is ongoing. Ø
Slide 25: Underground Drilling
UNDERGROUND DRILLING For personal use only Scotia Underground OK Underground Ø 676m of growth exploration drilling and 9658m of grade Ø Drill rig operating full time at OK concentrating on control drilling completed to date. extensional opportunities. Ø Increased focus on exploration in coming perio
Slide 26: Summary
SUMMARY For personal use only Ø Pantoro is in an exceptional position generating cashflow while building new mines and advancing growth activities in multiple areas across the operation. Ø Leveraged to the gold price with only 1,000 ounces per month capped at $4,200 per ounce for all of 2025 and no