Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Non-Deal Roadshow (September 2024)
29 slides from Pantoro Gold's roadshow presentation, Sep 2, 2024
Slide 1: Norseman: Primed for Growth - North American Road Show
For personal use only NORSEMAN ASX: PNR PRIMED FOR GROWTH NORTH AMERICAN ROAD SHOW SEPTEMBER 2024
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 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 operating above nameplate
Slide 5: Corporate Structure
CORPORATE STRUCTURE For personal use only $0.15 200 Share Price1 A$0.12 180 Ordinary Shares 6,454 million 160 $0.10 140 Options and rights 202.7 million 120 100 A$ Cash and gold2 A$103.9 million 80 $0.05 Market Capitalisation A$775 million 60 40 Debt3 US$12.5 (A$18.4) million 20 Hedging Nil $- - Vol
Slide 6: A Transformational Year
A TRANSFORMATIONAL YEAR For personal use only Finalised merger with Tulla Resources on 30 June 2023 Ounces Product by Quarter Sold lithium, nickel and copper rights to Min Res for 25,000 $30m. 20,805 Revised and implemented a new mining strategy 20,000 19,235 focussed on increased mill feed grade. 1
Slide 7: Norseman Gold Project: Current Operations
For personal use only NORSEMAN GOLD PROJECT CURRENT OPERATIONS
Slide 8: 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 9: Rate, Recovery and Reliability
RATE, RECOVERY AND RELIABILITY For personal use only Comfortably running at 1.2MTPA with further increases up to 1.4MTPA easily achieved WITHOUT any major upgrade costs. Crushing circuit capable of 1.7MTPA – no upgrades necessary if plant throughput is increased. Excellent recovery: >93% for full ye
Slide 10: Scotia Underground Underway
SCOTIA UNDERGROUND UNDERWAY For personal use only OPEN PIT Major strategy change announced January 2024. Current phase of open pits to be completed in December 2024 quarter. Scotia South Open pits meeting productivity and grade expectation. Completed Jun 24 New open pit mining operation to commence
Slide 11: Scotia Underground Mine Plan
SCOTIA UNDERGROUND MINE PLAN For personal use only KEY MILESTONES ∙ Underground development and production contract Award – March 2024 ∙ Portal Excavation – May 2024 (Completed) ∙ Ore Development – Q1 FY25 ∙ Production stoping – Q1 FY25 ∙ Steady State – Q3 FY25 KEY METRICS ∙ Steady state production
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: Norseman Gold Project: Primed for Growth
For personal use only NORSEMAN GOLD PROJECT PRIMED FOR GROWTH
Slide 14: Key Growth Drivers
KEY GROWTH DRIVERS For personal use only Large Mineral Resource base with multiple areas for immediate conversion to Ore Reserve. Huge exploration upside in one of WA’s most underexplored regions. Significant scope for underground growth. Mainfield: Extensive surface and underground exploration prog
Slide 15: Mineral Resource and Ore Reserve
MINERAL RESOURCE AND ORE RESERVE For personal use only
Slide 16: Large, High Grade Mines
LARGE, HIGH GRADE 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 Facility Harlequ
Slide 17: Scotia – Open in All Directions
SCOTIA – OPEN IN ALL DIRECTIONS For personal use only Scotia Growth Targets ∙ Underground drilling to commence 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.
Slide 18: Scotia - Substantial Opportunity from Additional Lodes
SCOTIA - SUBSTANTIAL OPPORTUNITY FROM ADDITIONAL LODES For personal use only MAJOR DRILL-OUT AT SCOTIA YIELDED RESULTS IN OPEN Scotia SIF PHASE 1. Free Gift Extensions Discovery • Scotia Mining Centre Mineral Resource stands at 965,000 Oz (up from 459,000 Oz in 2020). Scotia • Most mineralisation id
Slide 19: Scotia - Additional Lodes Identified
SCOTIA - ADDITIONAL LODES IDENTIFIED For personal use only COMPLETELY UNTESTED Scotia East Lode – Long Section +- 25m Panda – Strong mineralisation 45,000t @ 3.9 g/t Au for 5,600 Au Oz (Inferred) easily accessed from Scotia development 600M OF STRIKE UNTESTED AT DEPTH
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 ► First pass drilling completed with focus areas identified. St ► Drill areas focussed on zones easily accessed from existing Pats infrastructure For personal ► Large areas unmined previ
Slide 21: Mainfield Immediate Drill Targets
MAINFIELD For personal use only IMMEDIATE DRILL TARGETS ► Unmined areas of Crown Reef and Crown South. C8 91 ~5 Cross links similar to 0 00 rod ► Bu z @ d Bullen, which produced K o uc P Crown lle 1 0 South approximately 500KOz, n only discovered in 1980s e g/ St after 50 years of mining. t Patrick'
Slide 22: Underground Access for Drilling
UNDERGROUND ACCESS FOR DRILLING For personal use only BULLEN DECLINE ► Decline is in excellent condition. Requires new ground support. ► Provides easy access to all areas previously mined in the Mainfield. ► Accessible to 14 Level (flooded below). Provides immediate access to take-off points from Cr
Slide 23: Crown Reef
For personal use only CROWN REEF
Slide 24: Crown South
CROWN SOUTH For personal use only Example BULLEN exploration drive O’BRIENS 130,000t @ 9.5g/t for 40,000 Oz CROWN SOUTH
Slide 25: 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 26: Butterfly Area – Mararoa Long Section
BUTTERFLY AREA – MAROROA LONG SECTION For personal use only BUTTERFLY AREA
Slide 27: Butterfly Area – Mararoa Long Section and NW Structures Section
BUTTERFLY AREA – MAROROA LONG SECTION For personal use only BUTTERFLY AREA – NW STRUCTURES SECTION
Slide 28: Massive Greenfield Potential
MASSIVE GREENFIELD POTENTIAL A HIGH SCALE, TOP WORLD-CLASS SIGNIFICANT For personal use only HIGHLY TIER ASSET GREENSTONE BELT PROSPECTIVE AREA EXPLORATION UPSIDE Norseman produced ~6Moz The area between Norseman and Pantoro’s Norseman tenure is a significant Pantoro’s tenure is situated in the hist
Slide 29: Greenfield Exploration Opportunities
GREENFIELD EXPLORATION OPPORTUNITIES 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 was not adequately assessed historically. Historical on-lake mi