Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Investor Presentation (October 2020)
25 slides from Pantoro Gold's investor presentation, Oct 12, 2020
Slide 1: Norseman Project Delivering Excellent Outcomes
Click to edit Master title style NORSEMAN PROJECT DELIVERING EXCELLENT OUTCOMES DIGGERS AND DEALERS - OCTOBER 2020 ASX:PNR
Slide 2: Important Notices
Click toIMPORTANT NOTICES edit Master title style Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete and accu
Slide 3: Western Australian Focused Gold Miner
WESTERN AUSTRALIAN Click toFOCUSED GOLD edit Master titleMINER style PANTORO IS AN AUSTRALIAN GOLD PRODUCER, DEVELOPER AND EXPLORER STRONG BALANCE SHEET $65.2 million cash and gold at September 30 2020. BROOME September Q 2020: - A$55 million placement and SPP (before fees) HALLS CREEK - $2.8 millio
Slide 4: Corporate Overview
CORPORATE OVERVIEW Click to OF title edit Master PANTORO style SHARE PRICE Volume Share Price BOARD $0.30 60m WAYNE ZEKULICH – NON EXECUTIVE CHAIRMAN PAUL CMRLEC – MANAGING DIRECTOR Millions § Financial management, banking and accounting background. § Mining Engineering background with 22 years $0.2
Slide 5: Halls Creek Project
Click to edit Master HALLS CREEKtitlePROJECT style PANTORO’S FIRST DEVELOPMENT HAS DELIVERED OVER A LONG PERIOD HALLS CREEK LOCATION & REGIONAL TENEMENTS § Successfully built operations from the ground up. § Proven high grade production & uninterrupted gold production since Sep 2015 § Commenced oper
Slide 6: Norseman Gold Project (PNR 50%)
Click to edit Master title style NORSEMAN GOLD PROJECT (PNR 50%) 6
Slide 7: Feasibility Study Highlights
FEASIBILITY Click to editSTUDY HIGHLIGHTS Master title style HIGHLIGHTS Financially attractive gold mining operation underpinned by 1 initial 7 year Phase One project life. Impressive project cashflow of $486 million (pre-tax) and IRR 2 92% (pre-tax) at A$2,600 gold price. Average production of 108,
Slide 8: Norseman Mineral Resource, Ore Reserves & LOM Plan
NORSEMAN MINERAL RESOURCE, OREtoRESERVES Click & LOM edit Master PLAN title style GLOBAL MINERAL RESOURCE (100%) GLOBAL ORE LOM RESERVE1 (100%) PLAN2 PHASE 1 DFS AREAS3 Source: Norseman Gold Project Feasibility Study 1. The Ore Reserve is a subset of the Mineral Resource 2. Life of mine production o
Slide 9: Phase 1 Plan Considered Small Portion of Resources
PHASE 1 PLAN CONSIDERED SMALL Click PORTION OF RESOURCES to edit Master title style REMAINING MINERAL RESOURCE Resource (koz) Production (koz) SMALL PORTION OF AVAILABLE MINERAL RESOURCE FURTHER 4,500 DEVELOPED BY PANTORO TO DATE 4,000 § Only 30% of the Mineral Resource considered in DFS 3,500 § Sel
Slide 10: Economics Underpinned by Strong Phase One Cashflow
ECONOMICS UNDERPINNED BY STRONG Click toPHASE ONE CASHFLOW edit Master title style PHASE ONE CASHFLOW & CAPITAL COSTS ($2,600/oz) A$ millions 600 Cumulative Cashflow (pre-tax) Pre Production Capital Cumulative Phase One Cashflow $485.9m (pre-tax) 500 Major Project Capital Sustaining Capital 400 300
Slide 11: Feasibility Study Highlights
FEASIBILITY Click to editSTUDY HIGHLIGHTS Master title style UNDERPINNED BY STRONG CASHFLOW EXCEPTIONAL RETURNS TO EQUITY HOLDERS Gold Revenue Project Cashflow (Pre-tax) IRR (Pre-tax) IRR (Post-tax) +113% $1,622m $1,507m +92% +82% $1,275m +67% +50% $599m +35% $486m $260m $2,200/oz $2,600/oz $2,800/o
Slide 12: Norseman Phase One Annual Outcomes
NORSEMAN PHASE ClickONE ANNUAL to edit MasterOUTCOMES title style ALL-IN SUSTAINING COST—PHASE ONE LIFE OF MINE GOLD PRODUCTION & GRADE—PHASE ONE LIFE OF MINE A$ per ounce Production per annum Head grade 140koz 4.5 g/t $3,000 AISC Royalties Phoenix Tails Mining Sustaining Capital Admin OP Mining Ref
Slide 13: Production & Cost Upside Through Grade Streaming
PRODUCTION & COST UPSIDE Click THROUGH GRADE to edit STREAMING Master title style ORE STOCKPILE AVAILABLE FOR PROCESSING OPEN PIT MINE PLAN tonnes OK Underground Scotia Underground St Pats Underground Open Pits (Ex Cobbler) Cobbler 700,000 600,000 500,000 400,000 UNDERGROUND MINE PLAN 300,000 200,00
Slide 14: Norseman AISC in 3rd Decile of AUS/NZ Gold Mines
NORSEMAN AISC IN 3RD DECILE OFedit Click to AUS/NZ GOLD Master titleMINES style GOLD PRODUCTION COST CURVE (AUSTRALIA & NEW ZEALAND) AISC (A$) as reported in the June Quarter 2020 Low AISC of $1,2921 will place Norseman in the 3rd decile of Australia/NZ gold mines Source: Aurum Analytics (AISC & pro
Slide 15: Production Underpinned by Major Mining Centres
PRODUCTION UNDERPINNED BY MAJOR Click MININGtitle to edit Master CENTRES style SIMPLE STRATEGY WITH MAJOR MINING CENTRES PAVING THE WAY FOR A LONG LIFE OPERATION GLADSTONE SCOTIA Mineral Resource 2.0Mt @ 2.7g/t Mineral Resource 3.9Mt @ 3.6g/t Historic Mined Grade 4.6g/t Historic Mined Grade 5.9g/t1
Slide 16: Scotia High Grade Open Pits
Click toHIGH edit GRADE Master OPEN PITS title style SCOTIA PANTORO DRILLING 4m @PANTORO 44.46 g/t AuDRILLING 11m @ 6.27 g/t Au § Historic mined grade of 5 m @ 15.91 g/t Au 4m @ 7.61 g/t Au 5.9g/t (open pit and 10 m @ 11.60 g/t Au 8m @ 3.45 g/t Au underground combined) 8.7 m @ 9.89 g/t Au 12m @ 3.44
Slide 17: Gladstone High Grade Open Pits
Click toHIGH edit GRADE Master OPEN PITS title style GLADSTONE PANTORO DRILLING 4m @ 8.26 g/t Au DRILLING PANTORO 2m @ 18.11 g/t Au § Historic mined grade of 2m @ 11.42 g/t Au 2m @ 28.94 g/t Au 4.60 g/t (at average 2m @ 3.38 g/t Au 1m @ 27.50 g/t Au gold price of A$600/oz) 1m @ 6.06 g/t Au 1m @ 6.18
Slide 18: Cobbler Large Long Life Open Pits
LARGE Click LONG to edit LIFE OPEN Master PITS title style COBBLER § Virgin orebody with no previous mining § wide ore zones and a low 6:1 overall stripping ratio § Early access to ore tonnes underpins site production start up § Only 5km from processing plant WIDE ORE ZONES WITH LOW STRIPPING RATIO
Slide 19: High Grade Underground OK Mine
Click to edit HIGH GRADEMaster title style UNDERGROUND OK UNDERGROUND MINE OK MINE LONG SECTION § OK Mine produced approximately 500Kt @ 9.1g/t up to 1997 § OK Mine is fully accessible with ground support in good condition and most infrastructure still in place § Drilling undertaken from underground
Slide 20: Production Underpinned by Major Mining Centres
PRODUCTION UNDERPINNED BY MAJOR Click MININGtitle to edit Master CENTRES style ANNUAL PRODUCTION BY SOURCE Ounces Production Cobb ler Scotia OK Glad ston e Oth er MINE SCHEDULE DRIVEN BY MAJOR MINING CENTRES 140,000 § Cobbler scheduled to start early to secure mill feed – wide orebody with low strip
Slide 21: Infrastructure to Facilitate Timely Production Restart
INFRASTRUCTURE TO FACILITEClick TIMELY PRODUCTION to edit RESTART Master title style PC to consider wording on Phase Two plan? Potentially include diagrams that show existing resources below open pit 21
Slide 22: Norseman - Historic Production & Exploration Upside
NORSEMAN - HISTORIC PRODUCTION Click to&edit EXPLORATION Master titleUPSIDE style A HIGH SCALE, TOP TIER ASSET WORLD-CLASS GREENSTONE BELT HIGHLY PROSPECTIVE AREA SIGNIFICANT EXPLORATION UPSIDE Norseman produced ~6Moz historically Pantoro’s tenure is situated in the southern The area between Norsema
Slide 23: Exceptional Exploration Footprint – Dominant Tenement Position
EXCEPTIONAL EXPLORATION FOOTPRINT – DOMINANT TENEMENT Click to edit POSTION Master title style 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 asses
Slide 24: Panda & Green Lantern Discoveries – Validating Exploration Upside
PANDA & GREEN LANTERN DISCOVERIES – VALIDATING EXPLORATION Click to edit Master titleUPSIDE style PANDA DEPOSIT DISCOVERY § The Panda discovery is located approximately 250 metres west of the current Scotia PANDA Mineral Resource on a parallel but previously untested structure 5m @ 24.84 g/t Au § Si
Slide 25: Summary
Click to edit Master SUMMARY title style PANTORO IS AN AUSTRALIAN GOLD PRODUCER AND DEVELOPER WITH A UNIQUE WESTERN AUSTRALIAN PROJECT PORTFOLIO STRONG BALANCE SHEET NEAR TERM PRODUCTION SOLID CASHFLOW FROM FROM NORSEMAN HALLS CREEK § A$65.2 million cash and gold § Initial 7 Year mine life now § Hal