Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pacific Niugini — Shareholder Meeting (November 2015)
24 slides from Pantoro Gold's shareholder meeting presentation, Nov 27, 2015
Slide 1: Annual General Meeting Chairman's Address & Presentation
ASX Announcement 27 November 2015 Annual General Meeting Chairman’s Address & Presentation Pacific Niugini Limited (Pacific Niugini) is pleased to release the 2015 Annual General Meeting Chairman’s Address For personal use only and Presentation by Paul Cmrlec – Managing Director. Chairman’s Address
Slide 2: 2015 Annual General Meeting
For personal use only 2015 ANNUAL GENERAL MEETING 27 November 2015 ASX:PNR
Slide 3: Corporate Focus and Outlook
Corporate Focus and Outlook For personal use only Major Events • Completed 1:4 rights issue in January 2015. • Finalised gold pre-payment facility with Commonwealth Bank in February 2015. • Received final approvals required to commence mining at Nicolsons in February 2015. • Commenced development of
Slide 4: Corporate Structure
Corporate Structure For personal use only Board and Management • Peter Cook – Non-Executive Chairman Highly successful Australian mining identity behind companies such as Hill 50 Gold Limited; Abelle Limited, and Metals X Limited. • Paul Cmrlec – Managing Director Mining engineer with strong operati
Slide 5: Operational Overview: Halls Creek
For personal use only OPERATIONAL OVERVIEW HALLS CREEK 5
Slide 6: Current Production Status
Current Production Status (PNR 80% interest) For personal use only Ramping up to full production in line with the plan October Results (PNR Share Only) ü Gold Produced – 1,152 ounces ü EBITDA - +$640,215 ü C1 Cash Cost - $1076/oz. ü RESERVE RECONCILLIATION – 130% overcall to model. Grade up at 8.94g
Slide 7: 2015 – A pivotal year for PNR
2015 – A pivotal year for PNR For personal use only Rapid development of the Nicolsons Gold Mine resulted in PNR being one of the few new producers in 2015 ü Approvals and financing completed in February. ü Existing pit accessed, cut back, dewatered and made safe for underground development during F
Slide 8: Outstanding Reconciliation
Outstanding Reconciliation For personal use only Ore development continues to demonstrate significant upside Tonnes – 165% of reserve model | Grade – 120% of reserve model Ounces – 197% of reserve model Processing reconciliation confirms the realised upside October 2015 processing reconciliation of
Slide 9: Outstanding Grades – 2210 level
Outstanding Grades – 2210 level For personal use only Key Points: • Very consistent high 215 m averaging 2.3 m mineralisation over 215m (and wide @ 16.24 g/t (uncut) still going). • Developed past reserve boundary in high grade • Reserve of 190m averaging 5.55g/t
Slide 10: Outstanding Grades – 2220 Level
Outstanding Grades – 2220 Level For personal use only Reserve Limit 91 m averaging 2.0 m wide @ 16.32 g/t Drilling platform for Southern Lodes 2220N – 54m 2220N – 50m Key Points: • Level developed +50m since rehabilitating access. • Developed past reserve boundary. • Significant high grade yet to co
Slide 11: Our Priorities at Nicolsons
Our Priorities at Nicolsons For personal use only Profitable Production, Maintenance of Cost and Continued Growth • Operating with a consistent positive net cash flow - is our immediate focus. • Maintaining costs at minimum practicable levels – is a key decider for our management team and is critica
Slide 12: Nicolsons Extensions
Nicolsons Extensions For personal use only Base of pit Drilling density declines Ø FW and HW (main lode) are off set by approximately 80m. Ø Limited testing of FW down dip due to drilling shadow caused by open pit. Ø Excellent high grade intercepts at depth extremity of drilling in both HW and FW lo
Slide 13: Nicolsons Extensions
Nicolsons Extensions For personal use only South North West East Nicolsons Resource from South to Nicolsons Resource from East to North West 13
Slide 14: Drilling to commence early 2016
Drilling to commence early 2016 For personal use only 12m @ 13.6 g/t 2 300 m limit of 2m @ 53.7 g/t drilling 6m @ 2 4.5 g/t 0.6m @ 2m @ 22 g/t 6.8 g/t 2m @ 5m @ 5.9m @ 5.8 g/t 15.5 18 g/t 5m @ g/t 7.4 g/t 2m @ 6.7 g/t A number of potential additional loads have already been intersected by developmen
Slide 15: Rowdies and Wagtail
Rowdies and Wagtail For personal use only Lies between 1.5k m and 2.5 km south of Nicolsons. Known mineralisation over 900 m strike length. Nicolsons Plant A number of very high grade drill intercepts Nicolsons Mine similar to Nicolsons those seen at Nicolsons. Immediate open pit opportunity, with p
Slide 16: Rowdies and Wagtail
Rowdies and Wagtail For personal use only A B C 900 m Following Sections: • Results shown are high grade intercepts only taken from existing data; • Majority of drilling is RC, some air core, no diamond 16
Slide 17: Rowdies and Wagtail
Rowdies and Wagtail For personal use only 1m @ 7.31 g/t Section B 3m @ 27.90 g/t 5m @ 16.36 g/t 2m @ 20.32 g/t 2m @ 18.24 g/t 1m @ 2.2g/t 2m @ 23.10 g/t 1m @ 6.36 g/t 4m @ 19.79 g/t 2m @ 13.15 g/t 8m @ 18.66 g/t 2m @ 8.48 g/t 1m @ 18.95 g/t 1m @ 8.78 g/t & 1m @ 6.47 g/t 17
Slide 18: Rowdies and Wagtail
Rowdies and Wagtail For personal use only 2m @ 4.97 g/t 2m @ 6.85 g/t 3m @ 8.31 g/t 1m @ 25.1 g/t 2m @ 12.86 g/t 4m @ 19.47 g/t 3m @ 2.00 g/t Section A 18
Slide 19: Rowdies and Wagtail
Rowdies and Wagtail For personal use only 2m @ 6.69 g/t 1m @ 12.30 g/t 3m @ 16.09 g/t 1m @ 9.07 g/t Section C 19
Slide 20: Impacts of Higher Grade and Throughput
Impacts of Higher Grade and Throughput For personal use only Nicolsons Plant Current Production Plant is readily expandable to Capacity 200,000 tpa + when ore is available 90000 Annual production @ 95% Recovery (Ounces) 80000 70000 60000 50000 40000 120,000 tpa 135,000 tpa 30000 150,000 tpa 20000 20
Slide 21: Papua New Guinea
For personal use only Papua New Guinea 21
Slide 22: PNG Holdings
PNG Holdings For personal use only Rationalised Land Holding Ø All project areas outside of the Garaina Project and Widubosh (ML457) JV relinquished. Ø Lae office is closed. In country matters managed by director David Osikore. Garaina Project provides blue sky opportunity for the company Ø Terminat
Slide 23: Australia's Newest Gold Producer
For personal use only AUSTRALIA’S NEWEST GOLD PRODUCER UNDERGROUND MINE RETURNING EXCEPTIONAL HIGH GRADES PRIMED FOR GROWTH AUSTRALIAN FOCUS
Slide 24: Disclaimer
Disclaimer For personal use only General Disclaimer This presentation has been prepared by Pac ific Niugini Limited (“Pac ific Niugini” or the “Company”). It should not be cons idered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. T his pr
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