Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Diggers and Dealers 2019
32 slides from Pantoro Gold's conference presentation, Aug 5, 2019
Slide 1: Acquisition of the Norseman Goldfield
Click to edit Master title style For personal use only Acquisition of the Norseman Goldfield Diggers and Dealers 2019
Slide 2: Important Notices
Important Click to edit Notices Master title style For personal use only 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
Slide 3: Transitioning to Multiple Sites
Transitioning Click to edittoMaster Multiple title Sites style For personal use only • Pantoro is an Australian gold producer and developer. • Strong balance sheet with $56 million in cash and gold at 30 June 2019, Halls Creek and debt free. Broome • Large high-grade Mineral Resource position with 1
Slide 4: Corporate Overview of Pantoro
Corporate Click to Overview edit Masteroftitle Pantoro style For personal use only Share Price Capital Structure Share Price (31/7/19) 19.0 cps Volume Share Price 35 45 Ordinary Shares 1,175 million 40 30 Emp. options and rights 22 million 35 25 30 Fully Diluted 1,197 million 20 Millions 25 cps 15 2
Slide 5: Assembling a First Class Team
Assembling Click to aedit First Class Master titleTeam style For personal use only Corporate/Group Appointments § Mining: Tim Davidson | +12 years mining experience § Resource: Andrew Finch (Entech secondment) | +18 years resource and geology experience, primarily gold § Processing: Peter Sperring |
Slide 6: Acquisition of 50% Share in the Norseman Gold Project
Click to edit Master title style For personal use only Acquisition of 50% Share in the Norseman Gold Project
Slide 7: What is the Norseman Project?
What is thetoNorseman Click edit Master Project? title style For personal use only § Outstanding tier 1 location 200 km from Kalgoorlie via major Location sealed highway. § CNGP was established on a large scale by Western Mining in History 1935 and operated almost continuously to 2006. § Long histor
Slide 8: Overview of the Transaction
Overview of the Click to edit Transaction Master title style For personal use only § Pantoro has formed a 50/50 Unincorporated Joint Venture with Central Norseman Gold Corporation. Transaction § Pantoro has immediate ownership of 50% of the project. § Pantoro has management control of all UJV activi
Slide 9: Transaction Rationale
Transaction Click to edit MasterRationale title style For personal use only § Pantoro will tick all the boxes: Market Appeal – Logical transition from single asset at Halls Creek. – Multiple operations both with tier 1 addresses. – Both project areas are operating gold provinces rather than individu
Slide 10: Norseman is a High Grade Project
NorsemanClick is atoHigh Gradetitle edit Master Project style For personal use only § Grade is king: Proven Very High Grade Western Australian Mega–Gold Field – Highest grade endowment in the Yilgarn Craton with ~6Moz produced historically. – Current underground Mineral Resource of 4.2Mt @ 15.3g/t f
Slide 11: Norseman JORC Resource
Norseman JORC Click to edit Resource Master title style For personal use only Underground Surface Tonnes Grade Contained Au Tonnes Grade Contained Au Category Category (M) (g/t) (Moz) (M) (g/t) (Moz) Measured 0.3 13.90 0.1 Measured 4.3 0.80 0.1 Indicated 1.3 17.86 0.8 Indicated 11.4 2.02 0.8 Inferre
Slide 12: Australian Based Gold Producers and Developers
Australian Based Gold Producers Click to editand Developers Master title style For personal use only Pantoro has two of the highest grade underground and surface Mineral Resources Underground Mineral Resource (g/t) Surface Mineral Resource (g/t) 16.0 15.314.4 7.0 6.3 14.0 6.0 12.0 5.0 9.6 Grade (g/t
Slide 13: Positioned for Growth and Re-Rating
Positioned for Growth Click to edit and Re-Rating Master title style For personal use only EV1 / Resource (A$/oz) 700 § Cheap, high quality ounces 600 – Acquisition of Norseman shifts Pantoro from one of the highest valued stocks per Mineral Resource 500 ounce to approximately 30% of the industry av
Slide 14: Project Development Strategy
Project Development Click to edit Master Strategy title style For personal use only § Two Stream Approach from Commencement First-focus Mining Centres – Near Term Development – Existing resources to be developed to mine ready status. – Greenfields Exploration – High potential targets on Lake Cowan t
Slide 15: Gladstone Everlasting
Gladstone Click Everlasting to edit Master title style For personal use only 700m 2 • Current Mineral Resource – 2.7Mt @ 2.9g/t for 252 Koz • Current indicative open pit optimisation - 1.0 – 1.2Mt @ 4 to 4.4g/t 15
Slide 16: Scotia
Scotia Click to edit Master title style For personal use only • Current Mineral Resource (Underground) 1.9Mt @ 3.3g/t for 200 Koz • Current Mineral Resource (Underground) 0.6Mt @ 12.1g/t for 213 Koz 2 • Current indicative open pit optimisation - 0.6 – 0.9Mt @ 3.5 to 4.1g/t 16
Slide 17: Cobbler
Cobbler Click to edit Master title style For personal use only • Current Mineral Resource – 3.5 Mt @ 1.6g/t for 175KOz • Current indicative open pit optimisation - 0.6 – 0.9Mt @ 1.9 – 2.1 g/t 2 17
Slide 18: Maybelle
Click to edit MasterMaybelle title style For personal use only • Current Mineral Resource – 1.8 Mt @ 2.1g/t for 123KOz • Current indicative open pit optimisation - 50 – 60Kt @ 2.1 – 2.3g/t 2 18
Slide 19: OK Mine
Click to edit MasterOK title Mine style For personal use only Current Mineral Resource - 480Kt @ 16g/t for 270 Koz* Star Of Erin 2 OK Lodes 19 *Includes Racetrack
Slide 20: Un-paralleled Exploration Potential
Un-paralleled Click Exploration to edit MasterPotential title style For personal use only § Extensive Dataset with Outstanding Targets – Broad areas covered by detailed magnetic surveys and geochemical sampling. – Extensive tenure covering Lake Cowan were not adequately assessed historically. – Demo
Slide 21: CNGP's Existing Infrastructure
CNGP’s Existing Click Infrastructure to edit Master title style For personal use only Surface Infrastructure § Extensive mine infrastructure: – Multiple Office and Workshop complexes. – Road network to all existing Mineral Resources – 720Ktpa processing plant for refurbishment, last operated in 2016
Slide 22: Halls Creek Project
Click to edit Master title style For personal use only Halls Creek Project
Slide 23: Halls Creek Project - Pantoro's Flagship
Halls Creek Project Click- to Pantoro’s Flagship edit Master title style For personal use only Halls Creek is Pantoro’s first development: • Successfully built operations from the ground up. • Proven high grade production. • Excellent operating margins. There are no comparable areas in WA or Austral
Slide 24: Nicolsons Operating History
Nicolsons Click to Operating History edit Master title style For personal use only Pantoro has built Halls Creek from the ground up: • Production: 151,000 ounces Produced (pre- commencement 81,000 Oz). • Average LOM Head Grade: 7.25g/t • Ore Reserve*: 220,000 Oz (pre-commencement 81,000 Oz). • Miner
Slide 25: Nicolsons Mineral Resource Zones
Nicolsons Mineral ClickResource Zones to edit Master title style For personal use only 2.4 km Wagtail Wagtail North South Mineralisation Mineralisation Mineralisation Open at Depth Open at Depth Open at Depth Nicolsons Mineralisation Open at Depth • Active mining and processing, current production 5
Slide 26: Regional Consolidation
Regional Click to Consolidation edit Master title style For personal use only Consolidating the historical goldfields of Halls Creek – a largely un-explored terrain with proven high grade gold. Drilled two prospects at Grants Creek (perseverance and Star of Kimberley). High grade quartz reef mineral
Slide 27: Summary
Click to edit Master title style For personal use only Summary
Slide 28: Summary
Click to edit MasterSummary title style For personal use only • Pantoro is an Australian gold producer and developer with a unique Western Australian project portfolio. • Strong balance sheet with no debt and $56 million in cash and gold at June 30 2019. • Pantoro has attributable Mineral Resources
Slide 29: Norseman Mineral Resource Tables - Underground
Norseman Mineral Click toResource edit MasterTables title style For personal use only Underground Resources January 2019 MEASURED INDICATED INFERRED TOTAL Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Mainfield Area Ajax 15,000 13.00 6,270 30,000 13.00 12,540 39,000
Slide 30: Norseman Mineral Resource Tables - Surface South of Jimberlana Dyke
Norseman Mineral Click toResource edit MasterTables title style For personal use only Surface Resources January 2019 - South of Jimberlana Dyke MEASURED INDICATED INFERRED TOTAL TONNES GRADE OUNCES TONNES GRADE OUNCES TONNES GRADE OUNCES TONNES GRADE OUNCES Mainfield Area Ground Lark 70,000 2.80 6,3
Slide 31: Norseman Mineral Resource Tables - Surface North of Jimberlana Dyke
Norseman Mineral Click toResource edit MasterTables title style For personal use only Surface Resources January 2019 - North of Jimberlana Dyke MEASURED INDICATED INFERRED TOTAL TONNES GRADE OUNCES TONNES GRADE OUNCES TONNES GRADE OUNCES TONNES GRADE OUNCES North Royal Slippers N Royal Paleochannels
Slide 32: Halls Creek Project Mineral Resource & Ore Reserve Tables
Halls Creek Project Mineral Resource & Click to edit Master title style Ore Reserve Tables For personal use only MEASURED INDICATED INFERRED TOTAL TONNES GRADE OUNCES TONNES GRADE OUNCES TONNES GRADE OUNCES TONNES GRADE OUNCES Nicolsons (May 2018) 222,000 15.6 111,000 432,000 7.5 104,000 163,000 9.0