Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Non-Deal Roadshow (April 2024)
27 slides from Pantoro Gold's roadshow presentation, Apr 17, 2024
Slide 1: Europe and North America Roadshow - April 2024
DRAFT Click to edit Master title style For personal use only EUROPE AND NORTH AMERICA ROADSHOW - APRIL 2024 ASX: PNR
Slide 2: Important Notices
IMPORTANT Click NOTICES to edit Master title style Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Pantoro or Company) to provide general information about Pantoro. For personal use only Summary Information. The information in this document is in summary form a
Slide 3: Important Notices Continued
IMPORTANT Click NOTICES to edit Master titleCONTINUED style For personal use only Past performance. Past performance metrics and figures (including past share price performance of Pantoro), as well as pro forma financial information, included in this presentation are given for illustrative purposes
Slide 4: Company Overview
Click to edit Master title style For personal use only COMPANY OVERVIEW 4
Slide 5: Pantoro Summary
PANTORO Click to editSUMMARY Master title style LARGE, HIGH-GRADE MINERAL RESOURCE For personal use only § 46.4 Mt @ 3.2g/t for 4.8 million ounces gold. GROWING GOLD PRODUCTION POSITION § New, fully operational gold mining operation which includes: 1. New 1 million tonne per annum processing plant o
Slide 6: Capital Structure, Board and Senior Management
CAPITAL Click STRUCTURE to edit Master title style BOARD SENIOR MANAGEMENT CAPITAL STRUCTURE For personal use only Wayne Zekulich § Financial management, banking and Scott Huffadine § Geologist with strong Share Price1 7.6 cps Chair accounting background Chief Operating operational and project Ordin
Slide 7: Peer Developers Capital Structure Comparison
PEERtoDEVELOPERS Click edit Master CAPITAL title styleSTRUCTURE COMPARISON Market Capitalisation (A$m)1 Total Debt (Incl. Hedge Liability) (A$m)1,2 For personal use only 2,263 2,196 1,420 Debt Hedge Liability 421 592 575 353 196 382 252 154 163 225 93 107 63 60 101 11 61 63 43 - - - - Bellevue Genes
Slide 8: Peer Developers Capital Structure Comparison
PEERtoDEVELOPERS Click edit Master CAPITAL title styleSTRUCTURE COMPARISON For personal use only EV/Resource (A$/oz)1 EV / FY25e EBITDA3,4 850 23.0x 310 275 10.3x 220 8.7x 6.8x 133 5.7x 85 80 3.9x 3.7x 56 3.0x Bellevue Ora Banda Red 5 Spartan Genesis Calidus Pantoro Catalyst Spartan Genesis Red 5 Be
Slide 9: Norseman Gold Project
Click to edit Master title style For personal use only NORSEMAN GOLD PROJECT 9
Slide 10: Norseman Gold Project Overview
NORSEMAN Click GOLD PROJECT to edit Master title style 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. § Strong Ore Reserve growth since acquisition ongoing. § Production
Slide 11: Current Norseman Gold Project Mineral Resource and Ore Reserve
Click to edit CURRENT Master titleGOLD NORSEMAN style PROJECT MINERAL RESOURCE AND ORE RESERVE For personal use only 11
Slide 12: Norseman Advancing Towards Steady State
NORSEMAN Click ADVANCING to edit Master TOWARDS STEADY STATE title style Four Quarters of Production Growth Mine Plan to 20301 For personal use only Ounces Produced 25,000 19,235 20,000 18,185 15,000 13,145 10,345 10,000 6,631 5,000 0 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 § Production significantly imp
Slide 13: New Processing Plant Operational Since Late 2022
NEWtoPROCESSING Click edit MasterPLANT OPERATIONAL SINCE LATE 2022 title style § Operating above nameplate capacity. 285 KT tonnes processed in For personal use only March (1.15 MTPA run rate). § Excellent recovery – 94.7% for March quarter. § Simple upgrade options: § Crushing circuit capable of 1.
Slide 14: Scotia - High-Grade Pit Transitioning Underground
SCOTIA Click to –edit HIGH-GRADE Master titlePIT TRANSITIONING UNDERGROUND style Open Pit For personal use only § High grade ore beneath old mine voids now accessed with mining underway with grade increasing as expected. § Grade control drilling revealing thick, high-grade mineralisation in remainde
Slide 15: Scotia - Deep Drilling Underwrites the Long Term Plan
SCOTIA Click – DEEP to edit DRILLING Master UNDERWRITES THE LONG TERM PLAN title style For personal use only Scotia Underground Key Milestones • Underground development and production contract Award – March 2024 • Portal Excavation – May 2024 • Ore Development – July 2024 • Production stoping – Q1 F
Slide 16: OK Underground Mine
OK MINE Click to edit Master title style For personal use only OK UNDERGROUND MINE § Production underway from Star of Erin and O2 Lodes. § Mine is beating budget expectation with significant capacity to expand production. § Very high grades encountered in first new level (515 level) in O2 Lode. § St
Slide 17: OK Mine - Example High Grade Faces
OKtoMINE Click edit –Master EXAMPLE titleHIGH styleGRADE FACES For personal use only 1.1m @ 739 g/t 13.8 55 18.2 812 580 0.7 160 0.4 0.1 0.1 40.5 273 534 542 1.7 0.3 0.1 437 597 1040 123 515W OD1 Face 3 (O2 Lode) – First New Level at bottom of mine 145E OD1 Face 112 (SOE Lode) – Currently Stoping 17
Slide 18: Additional Mining Centres
Click to edit Master title style For personal use only ADDITION MINING CENTRES 18
Slide 19: Additional Large Open Pits - Gladstone
ADDITIONAL Click LARGE to edit Master OPEN title stylePITS GLADSTONE For personal use only § Historic mined grade of 4.60 g/t (at average gold price of A$600/oz). PANTOROCurrent DRILLING Mineral Resource 1.84Mt @ 2.7g/t for 158,000 Oz § Located 7km east of the processing facility. Ore Reserve § Last
Slide 20: Additional Large Open Pits - Cobbler
ADDITIONAL Click LARGE to edit Master OPEN title stylePITS COBBLER For personal use only § Virgin orebody with no previous mining. § Wide ore zones and a low 6:1 overall stripping Current Mineral Resource ratio. 2.27Mt @ 1.6g/t for 113,000 Oz § Only 5km from processing plant. Ore Reserve § Open alon
Slide 21: Exploration Focus
Click to edit Master title style For personal use only EXPLORATION FOCUS 21
Slide 22: Norseman - Prolific Field with Massive Growth Potential
NORSEMAN Click – PROLIFIC to edit Master title FIELD style WITH MASSIVE GROWTH POTENTIAL A HIGH SCALE, TOP TIER ASSET WORLD-CLASS GREENSTONE BELT HIGHLY PROSPECTIVE AREA SIGNIFICANT EXPLORATION UPSIDE For personal use only Norseman produced ~6Moz historically Pantoro’s tenure is situated in the sout
Slide 23: Brownfields Growth - Butterfly Area
BROWNFIELDS Click GROWTH to edit Master – BUTTERFLY AREA title style NORSEMAN MAINFIELD For personal use only § Large, high grade existing Mineral Resource with over 3km of strike. § Drilling by Pantoro confirms multiple zones of high grade mineralisation. Results include: 5.7 m @ 35.85 g/t Au inc.
Slide 24: Outstanding Growth Potential in Active Mining Areas
OUTSTANDING Click GROWTH to edit Master POTENTIAL IN ACTIVE MINING AREAS title style OPEN Major Drill-out at Scotia yielded results in Phase 1. For personal use only Free Gift Scotia SIF • Scotia Mining Centre Mineral Resource stands at 965,000 Oz (up from Discovery Extensions 459,000 Oz in 2020). •
Slide 25: Unparalleled Exploration Opportunities
Click to edit Master UNPARALLELED title style EXPLORATION OPPORTUNITIES GREENFIELDS OUTSTANDING EXPLORATION TARGETS For personal use only § Multiple +1Moz Targets & no systematic exploration at since early 1990’s – limited to only 5 years. § Extensive tenure covering the Lake Cowan area was not adeq
Slide 26: Appendix
Click to edit Master title style For personal use only APPENDIX 26
Slide 27: Appendix: Comparable Gold Companies
Click to edit Master APPENDIX title style 1: COMPARABLE GOLD COMPANIES Resource: For personal use only Project Stage Measured Indicated Inferred Total Resources ASX Company Grade (g/t Contained Au Grade (g/t Contained Au Grade (g/t Contained Au Resource Grade (g/t Contained Au Code Tonnes (Mt) Tonne