Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Q3 FY2025 Earnings Presentation
18 slides from Pantoro Gold's earnings presentation, Apr 28, 2025
Slide 1: Quarterly Results Presentation Q3 FY 2025
For personal use only QUARTERLY ASX: PNR RESULTS PRESENTATION Q3 FY 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: March 2025 Quarterly Summary
March 2025 Quarterly Summary Ø Production reduced slightly to 18,334 ounces, primarily due to the stoping ramp-up at For personal use only Scotia Underground Mine crossing over quarters to April 2025 and increased reliance on the Scotia low grade stockpile with Scotia and Green Lantern ore exhausted
Slide 5: Share Consolidation and Name Change
Share Consolidation and Name Change For personal use only Ø Shareholders overwhelmingly voted in favour of Pantoro Gold’s name change and share consolidation at a general meeting on 1 April 2025. Ø Consolidation of shares and options/rights at the ratio of 1/17. Ø New structure reduces volatility re
Slide 6: Safety and Community in Focus
SAFETY AND COMMUNITY IN FOCUS Safety Performance For personal use only Safety Statistics • 1 Lost Time Injury during the quarter when an underground operator tripped on un-even ground and impacted his shin on a rock pile resulting in a fractured bone. • Strong pro-active reporting culture maintained
Slide 7: Norseman Operations Summary
NORSEMAN OPERATIONS SUMMARY For personal use only • AISC of $2,427 resulting in EBITDA of $46.4 million and cash and gold increase of $13.4 million. • Significant increase in exploration expenditure to $10.4 million, in line with growth program planning. • Lower outputs than expected at OK mine with
Slide 8: Cashflow Summary
CASHFLOW SUMMARY For personal use only Ø Cash and gold increase of $13.4 million. Ø 17, 397 Oz Au sold at an average gold price of A$4,540/Oz. Ø 3991 Oz Ag sold at an average price of $50.7 Ø Major capital costs included: • Exploration - $10.4 million • Scotia and OK development - $14.8 million • Op
Slide 9: Scotia Ramp-Up
Rehabilitation of old decline SCOTIA RAMP-UP underway and additional ore block being developed. Ore intersected in April 2025. For personal use only Ø Development further increased with 1,817 metres achieved during the quarter (Dec Q. 1559m). Development continuing to increase with additional areas
Slide 10: Scotia Ore Upgrades
SCOTIA ORE UPGRADES For personal use only Ø Grade control drilling has confirmed numerous additional ore zones within planned development levels. Ø Most additional zones were previously identified but were excluded from the mine plan due to low drilling density. Ø Development on levels below and abo
Slide 11: OK Mine
OK MINE For personal use only Ø OK mine produced 7,949 ounces during the quarter. Ø Production was slightly lower than planned, impacted by operator absences and turn-over during the January and February holiday period. Ø 48,000 ore tonnes were mined compared with planned production of 58,000 ore to
Slide 12: Open Pit Mining
OPEN PIT MINING For personal use only Ø Open pit operations commenced at Princess Royal in March 2025 following award of the contract to Big Yellow. Ø 162,400 BCM excavated during the quarter including 774 tonnes of ore at 2.25 g/t. All ore was retained at the open pit ROM during the quarter and was
Slide 13: Bullen Rehabilitation and Drilling
BULLEN REHABILITATION AND DRILLING For personal use only Ø Rapid progression of rehabilitation with 2,758m advanced by 31 March 2025. Ø Permanent underground power established from the main power station. Ø Underground drilling commenced on 20 March 2025 as planned. Ø Initially drilling the Esperant
Slide 14: Exploration Drilling - Mainfield
EXPLORATION DRILLING For personal use only Mainfield - Surface Ø Strong Results reported on 17 February 2025. Ø Drilling is ongoing with the program nearing completion. Review of results from all lodes to be undertaken during the quarter before additional in-fill programs are commenced. 14
Slide 15: Exploration Drilling - Hinemoa
EXPLORATION DRILLING For personal use only Hinemoa (Polar Bear Peninsula) Ø Results from an initial 3,000 metre RC program were reported on 11 March 2025. Ø Numerous very old, small-scale shafts and surface workings are present along the +1km known strike of mineralisation. Ø Follow-up diamond drill
Slide 16: June 2025 Quarter
June 2025 QUARTER For personal use only Ø Scotia is now at full run rate and has produced at expected rates with 35,000 tonnes at 4.1 g/t mined (unreconciled) up to 26 April 2025. Ø Additional ore is currently being developed on the 5189 level accessed from the historical decline development, and ac
Slide 17: Norseman Guidance
NORSEMAN GUIDANCE For personal use only Ø Q4 guidance of 23,000 to 26,000 ounces. Ø Expect to achieve lower end of annual guidance (85,000 – 95,000 ounces). Ø Site is currently operating at expected levels with 7,968 ounces produced in March 2025 and on track to produce ≈8,000 ounces in April 2025 (
Slide 18: 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 the of 2025 and no