Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Q3 2025 Earnings Presentation
14 slides from Pantoro Gold's earnings presentation, Oct 27, 2025
Slide 1: Quarterly Results Presentation September Quarter 2025
QUARTERLY ASX: PNR RESULTS PRESENTATION September Quarter 2025
Slide 2: Important Notices
IMPORTANT NOTICES 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. about Pantoro. Often, but
Slide 3: Important Notices Continued
IMPORTANT NOTICES CONTINUED 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 information, included in t
Slide 4: Pantoro Gold is in an exceptional position, executing on its growth strategy
Pantoro Gold is in an exceptional position, executing on its growth strategy • AISC Srong balance sheet – $181M cash and gold. • Debt free. $xx/oz • Operational cashflow – $56M EBITDA and $6M increase quarter on quarter with growth activities in full swing. • Production flexibility at Scotia Undergr
Slide 5: Challenging production quarter, but set for a great year
Challenging production quarter, but set for a great year 19,551 oz AISC EBITDA Production $3,139/oz $56M 41,000 $181.5M Nil Metres of RC Cash and Gold Debt and diamond at end of quarter drilling 5
Slide 6: Safety and Community in Focus
SAFETY AND COMMUNITY IN FOCUS Safety Performance Safety Statistics • One LTI when an underground worker fractured their finger. • Continued downward trend on both LTIFR and TRIFR. • Ongoing focus on injury prevention on site continues.. Community Initiatives • Pantoro Gold was pleased to partner wit
Slide 7: Norseman Operations Summary
NORSEMAN OPERATIONS SUMMARY • Activities at Scotia, OK, and Princess Royal all contributing to Pantoro’s strong future growth. • Production impacted by several isolated one off events which have all been rectified. • Further ramp up in exploration expenditure to $15.5 million for the quarter. • Open
Slide 8: Scotia Underground Mine
SCOTIA UNDERGROUND MINE • Scotia produced 10,019 ounces during the quarter. • Scotia is a large system with current mine workings Mining of extending over more than 1km of strike. Open to the Northern remnant North and strong potential for underground areas underway development at Green Lantern whic
Slide 9: OK Underground Mine
OK UNDERGROUND MINE • Ore Reserve increase announced during the quarter, fully replacing mining depletion and adding to the Ore Reserve for the third consecutive year. • Very high grade drilling at depth confirms ongoing continuity of both the O2 and Star of Erin lodes. • OK produced 6,076 ounces du
Slide 10: = NORTH —
2228 2375 2525 = NORTH — ws alae nae —~ Scho | |Pantoro J [_] = Previously Reported Results Gold ~ = wipers a ——~ BY 2 eg : 25 @ 8.704 rom 22m not. 0.85m @ 22.2 g/t from 26.07m ‘OKDD25.026 10.15m @ 44.39 g/t from 151.5m Inet. 4.08m @ 106.53 g/t from 154.92m Og | OKDD25.071 cdi” <1 eae S) 1.37m@ 7.99
Slide 11: Princess Royal Open Pit – Attractive UG Opportunity
Princess Royal Open Pit – Attractive UG Opportunity • 848,000 BCM excavated during the quarter including 93,741 tonnes of ore and low grade at 1.5 g/t. • 76,748 tonnes processed during the quarter. Plant optimisation work has been effective in managing throughput of oxide ore. • Princess Royal open
Slide 12: Exploration Program
EXPLORATION PROGRAM Exploration - Surface Ø Exploration is now in full swing with multiple exploration fronts shown in green on the plan. Ø 23,472m drilled during the quarter with most assay results outstanding. Assaying on double shift in the site PhotonTM laboratory commencing in November 2025. Sa
Slide 13: Mainfield Exploration
Mainfield Exploration • First phase of drilling from the Bullen Decline saw every target lode intersected with high grade results characteristic of historical production from the area. • Crown South being targeted with strong results along 600m of strike. Results include: Ø 1.13 m @ 12.36 g/t Au. Ø
Slide 14: Summary
SUMMARY Ø Pantoro Gold is in an exceptional position with extensive growth activities underway. Ø Very strong cashflow of $18 - $25 million expected in October 2025 with production at upper end of guidance levels. Ø First phase of results from underground drilling in the Mainfield support Pantoro’s