Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Investor Presentation (January 2016)
20 slides from Pantoro Gold's investor presentation, Jan 19, 2016
Slide 1: Investor Update January 2016
For personal use only INVESTOR UPDATE January 2016 ASX:PNR
Slide 2: 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 3: Halls Creek Project (PNR 80%)
Halls Creek Project (PNR 80%) For personal use only High grade project brought into production by PNR in 2015: • High Grade Resource and Reserve: High grade gold resource/reserve accessed via portal from an existing open pit. • Production Underway: first production achieved in September 2015, with p
Slide 4: Current Production Status
Current Production Status (PNR 80% interest) For personal use only Nicolsons Mine Key Statistics (100%) – December 15 Quarter December 2015 December 15 Quarter Production 1745 Oz 4180 Oz Average gold price received $1,554/Oz $1,587/Oz Total cash cost of sales $989/Oz $1,190/Oz EBITDA +$971K +$1,171K
Slide 5: Continuing to produce major model overcall
Continuing to produce major model overcall For personal use only Ore mined and processed during the December 15 quarter MINING RECOVERY CONTINUING TO OUTPERFORM THE MODEL
Slide 6: Resource Remains Open in All Directions
Resource Remains Open in All Directions For personal use only 1.43m @ 3.4m @ 3.0m @ 1.2m @ 1.6m @ 6.88g/t 13.21 g/t 20.43 g/t 103 g/t 11.45 g/t, 2.0m @ 0.5 m @ 0.6 m @ 43.36 g/t, 8.8 g/t 22 g/t 12m @ and 2.9m 13.6 g/t @ 4.38g/t 300 m limit of 2m @ 53.7 g/t 1.1m @ 9.52 g/t drilling 6m @ 4.5 g/t 0.6m
Slide 7: Significant grade overcall
Significant grade overcall For personal use only 2210 Level Typical of levels mined to date OD 1 – 117m averaging 2.4m OD 2 – wide @ 13.38g/t 128m averaging 1.6m wide @ 20.34 g/t OD 3 (Splay Vein) 24m averaging 2.0m • Significant grade overcall compared with model wide @ 4.42 g/t which was construct
Slide 8: Mining Outside of the Reserve
Mining Outside of the Reserve For personal use only • Ore recovered outside of 2200OD reserve includes extensions 1 along strike, and in additional “splay veins”. • 25% of ore mine in December quarter came from 2200ACC SPLAY VEIN outside of the existing Average 3.0m @ 9.02g/t over 38m strike length
Slide 9: 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 10: 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 11: Nicolsons Extensions
Nicolsons Extensions For personal use only South North West East Nicolsons Resource from South to Nicolsons Resource from East to North West 11
Slide 12: Drilling to commence early 2016
Drilling to commence early 2016 For personal use only 12m @ 13.6 g/t 2 300 m limit of drilling 2m @ 53.7 g/t 6m @ 4.5 g/t 2 0.6m @ 22 g/t 3m @ 4.0 g/t 2m @ 3m @ 6.8 g/t 8.7 g/t 5m @ 2m @ 15.5 g/t 5.9m @ 9m @ 5.8 g/t 18 g/t 5m @ 3.3 g/t 7.4 g/t 2m @ 6.7 g/t A number of potential additional loads have
Slide 13: Rowdies and Wagtail
Rowdies and Wagtail For personal use only Lies between 1km and 2 km south of Nicolsons. Nicolsons Known mineralisation over 800m strike length. Plant A number of very high grade drill intercepts Nicolsons Mine similar to Nicolsons those seen at Nicolsons. Immediate open pit opportunity, with potenti
Slide 14: Rowdies and Wagtail
Rowdies and Wagtail For personal use only A B C 900m Following Sections: • Results shown are high grade intercepts only taken from existing data; • Majority of drilling is RC, some air core, no diamond 14
Slide 15: 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 15
Slide 16: 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 16
Slide 17: 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 17
Slide 18: 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 19: 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 20: 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