Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pacific Niugini — Investor Presentation (May 2014)
19 slides from Pantoro Gold's investor presentation, May 27, 2014
Slide 1: Halls Creek Acquisition and Garaina Project Update
For personal use only Halls Creek Acquisition and Garaina Project Update May 2014 ASX : PNR
Slide 2: Corporate Structure
Corporate Structure For personal use only Board Peter Cook – Non-Executive Chairman. Highly successful Australian mining identity behind companies such as Hill 50 Gold Limited; Abelle Limited, and Metals X Limited. Paul Cmrlec – Managing Director. Mining engineer with strong operational and corporat
Slide 3: Recent Company Highlights
Recent Company Highlights For personal use only Acquisition of Halls Creek (Nicolsons) Project • Project presents development opportunity for a very near term producing underground and open pit gold mine; • Existing JORC resource of 260,000 ounces @ 5.6g/t; • Processing plant in place and ready for
Slide 4: Acquisition: Deal Structure
Halls Creek Acquisition For personal use only Deal Structure • Structured to defeat competing offer from alternative bidder; • NO FURTHER DIRECT PAYMENTS TO VENDOR REQUIRED – ALL PROJECT EXPENDITURE TO INCREASE OWNERSHIP TO 80%. • PNR effectively purchasing 80% of the project for consideration of A$
Slide 5: Intended Use Of Funds
Intended Use Of Funds For personal use only Activity Expenditure ($,000) % of Expenditure Project Development and Mine Permitting $850 36% Additional Exploration and Tenement $300 13% Costs Capital Plant and Equipment $500 26% Administration and General Working $570 20% Capital Corporate Advisory $1
Slide 6: Project Summary
Halls Creek Project For personal use only Project Summary Existing high-grade resource ready for exploitation. Global resource 260,000 Oz @ 5.6g/t; 120,000 TPA processing plant on site. Easily expandable to 200,000 TPA. Expect $2-$3 Million to re- commission and re-commence production – extensiv
Slide 7: Resource
Halls Creek Resource For personal use only Resource • Existing resource of 260,000 ounces @ 5.6 g/t; • Majority of ounces (214,000 ounces @ 5.9 g/t) contained in the main Nicolsons Deposit – accessible by underground methods from existing pit. Historical Nicolsons open pit mining produced 93,000t @
Slide 8: Tenure
Halls Creek Tenure For personal use only • Main resources lie on granted Mining Leases (as opposed to exploration leases requiring conversion). • Mining Leases pre-date Native Title, and Native Title therefore does not exist on those tenements; • Additional Exploration Leases provide substantial pro
Slide 9: Resource: Nicolsons Long Section
Halls Creek Resource For personal use only Long section of Nicolsons drilling with +5g/t drilling intercepts highlighted. North plunging shoot below existing pit to be the initial area for exploitation. Strong potential for delineation of reserves along entire strike length with high grade sho
Slide 10: Exploration Potential
Halls Creek Exploration Potential For personal use only Exploration Potential Independent geological review concluded Exploration Targets in the range of 4 to 7 Million additional tonnes @ 5.2 to 5.4 g/t for 0.7 to 1.1 Million additional ounces. Includes large upside in Nicolsons Deposit; Multip
Slide 11: Project Development Plan
Halls Creek Project Development Plan For personal use only Finalisation of permitting process. The majority of required data to complete is already available; Development of underground access from the existing Nicolsons open pit aimed at achieving 8 g/t+ mine grades; Initial development to be
Slide 12: Development Timeline
Halls Creek Development Timeline For personal use only Indicative Project Time Line Project Time Line Risks • Timing is subject to government permitting processes and based on use of existing data as far as possible. Delays in permitting or funding activities may result in later start to development
Slide 13: Garaina – Morobe Province
Garaina – Morobe Province For personal use only 13
Slide 14: Garaina Porphyry and Epithermal Target
Garaina Porphyry and Epithermal Target For personal use only Exploration success story Virgin discovery by PNR in 2011 with rapid progression relative to other known PNG projects. Detailed magnetic surveys and petrology confirm porphyry copper-gold potential. Kusi surface anomaly > 1.5km x 1km
Slide 15: Garaina – low risk, huge potential
Garaina – low risk, huge potential Garaina – JV Agreement For personal use only Key Terms MGL to spend $6 Million on exploration to earn 50.1% of the project. A minimum of $3 Million and 2,500 metres of diamond drilling are required to be completed before withdrawal. Minimum Kusi Magnetics showi
Slide 16: Exciting Initial Drilling Results
Exciting Initial Drilling Results For personal use only Drilling targeting known zones of high and low magnetic susceptibility; High grade gold identified in both zones drilled to date, with vectors indicating a potential porphyry deposit in the zone of magnetic destruction; MGL have spent app
Slide 17: Other PNG Assets
Other PNG Assets For personal use only EL 1616/ML457 Bulolo – Near term production opportunity - Mining approvals for ML457 – Widubosh now in place. Ten additional exploration tenements concentrated in 3 project areas with outcropping mineralisation identified and high grade exploration results (c
Slide 18: Summary
Summary For personal use only Halls Creek acquisition provides near term production opportunity Project has an existing JORC resource of 260,000 ounces, a processing plant and additional infrastructure on site; Project is on granted mining licenses with works approvals in place for the processin
Slide 19: Disclaimer
Disclaimer For personal use only General Disclaimer This presentation has been prepared by Pacific Niugini Limited (“Pacific Niugini” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This present