Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Diggers and Dealers 2024
24 slides from Pantoro Gold's conference presentation, Aug 5, 2024
Slide 1: Diggers and Dealers 2024
DRAFT Click to edit Master title style For personal use only DIGGERS AND DEALERS 2024 ASX: PNR
Slide 2: Important Notices
IMPORTANT Click NOTICES to edit Master title style Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Pantoro or Company) to provide general information about Pantoro. For personal use only Summary Information. The information in this document is in summary form a
Slide 3: Important Notices Continued
IMPORTANT Click NOTICES to edit Master titleCONTINUED style For personal use only Past performance. Past performance metrics and figures (including past share price performance of Pantoro), as well as pro forma financial information, included in this presentation are given for illustrative purposes
Slide 4: Quarterly Overview
Click to edit Master title style For personal use only QUARTERLY OVERVIEW 4
Slide 5: Pantoro in a Prime Position for Growth
PANTORO Click to edit–Master IN A PRIME POSITION FOR GROWTH title style LARGE, HIGH-GRADE MINERAL RESOURCE For personal use only § 46.4 Mt @ 3.2g/t for 4.8 million ounces gold. GROWING GOLD PRODUCTION POSITION § New, fully operational gold mining operation which includes: BROOME 1. New 1 million ton
Slide 6: A Big Year of Digging and Dealing
A BIGtoYEAR Click OF DIGGING edit Master AND DEALING title style For personal use only Ounces Produced by Quarter § Finalised merger with Tulla Resources on 30 June 2023 25,000 § Sold lithium, nickel and copper rights to Min Res for $30m. 20,805 § Revised and implemented a new mining strategy 20,000
Slide 7: Share Price Milestones
SHARE Click PRICE to edit MILESTONES Master title style For personal use only $0.15 200 180 $100m Further growth raise quarterly improvements 160 First notional and strategy announced in FCF FCF quarter 140 $0.10 announced Best quarter Capital raise Sale of Li to date and 120 rights to substantial M
Slide 8: Scotia Underground Underway
SCOTIA Click UNDERGROUND to edit UNDERWAY Master title style Open Pit For personal use only § Major strategy change announced January 2024. § New contractor engaged February 2024 to complete current Scotia South phase of open pits this year. Completed § Scotia pit meeting productivity and grade expe
Slide 9: Scotia – Long Term Underground Mine Plan
SCOTIA Click – LONG to edit TERM Master titleUNDERGROUND style MINE PLAN Key Milestones For personal use only • Underground development and production contract Award – March 2024 • Portal Excavation – May 2024 (Completed) • Ore Development – Q1 FY25 • Production stoping – Q1 FY25 • Steady State – Q3
Slide 10: OK Underground Mine
OK UNDERGROUND Click MINE to edit Master title style For personal use only OK UNDERGROUND MINE § Production underway and development ongoing from Star of Erin and O2 Lodes. § 150m vertical of capital development in Star of Erin. § Very high grades encountered in 02 lode. § YOY Ore Reserve increases
Slide 11: Processing – Rate, Recovery and Reliability
PROCESSING Click – RATE, to edit Master RECOVERY title style AND RELIABILITY § Comfortably running at 1.2MTPA with further increases up For personal use only to 1.4MTPA easily achieved WITHOUT any major upgrade costs. § Crushing circuit capable of 1.7MTPA – no upgrades necessary if plant throughput
Slide 12: It's All About Growth From Here
Click to edit Master title style For personal use only IT’S ALL ABOUT GROWTH FROM HERE 12
Slide 13: Mineral Resource and Ore Reserve
Click to edit MINERAL Master title RESOURCE AND style ORE RESERVE For personal use only § Large Mineral Resource base with multiple areas for immediate conversion to Reserve § Growth plan initially focussed on near-term high grade underground mining opportunities. § Drilling from surface to commence
Slide 14: Norseman – A Massive Goldfield Starved of Exploration
NORSEMAN Click – A MASSIVE to edit Master GOLDFIELD STARVED OF EXPLORATION title style For personal use only Historical production § Mainfield – 7.3Mt @ 10.8g/t for 2.53 MOz § North Royal – 3.3Mt @ 16.7g/t for 1.78 Moz § Harlequin – 2.4Mt @ 10.1g/t for 0.79Moz Existing Underground Resource in major
Slide 15: Scotia – Obvious Focus for Immediate Growth
SCOTIA Click – OBVIOUS to edit FOCUS Master title FOR IMMEDIATE GROWTH style Underground Growth For personal use only Opportunities • Scotia South only drilled to half the depth of Scotia North. Repeats likely. • Open along strike to the north with existing drilling suggesting extensions. • Potentia
Slide 16: Scotia – Additional Lodes Not in Current Production Plan
SCOTIA Click – ADDITIONAL to edit Master titleLODES style NOT IN CURRENT PRODUCTION PLAN OPEN Major Drill-out at Scotia yielded results in Phase 1. For personal use only Free Gift Scotia SIF • Scotia Mining Centre Mineral Resource stands at 965,000 Oz (up from Discovery Extensions 459,000 Oz in 2020
Slide 17: Additional Lodes Identified, Completely Untested
Click to edit Master ADDITIONAL LODEStitle style IDENTIFIED For personal use only COMPLETELY UNTESTED Scotia East Lode – Long Section +- 25m 45,000t @ 3.9 g/t Au for 5,600 Au Oz (Inferred) Panda – Strong mineralisation easily 600m of Strike untested at depth accessed from Scotia development 17
Slide 18: Norseman Mainfield – The Main Prize
NORSEMAN Click MAINFIELD to edit Master – THE MAIN PRIZE title style u Mainfield is the most prolific mining area at use only Crown/ Norseman to date. Produced >3 million ounces. Mararoa St Pats u Very high grade mineralisation encountered in drilling during 2022 5.7 m @ 35.85 g/t Au inc. 1.4 m @ 14
Slide 19: Norseman Mainfield Key Exploration Areas
Click to edit Master NORSEMAN title style MAINFIELD Key exploration areas For personal use only § Crown reef and Crown Po ss L Approx. 500m to Cro ten ink South provide easy C8 Crown South tia 91 access for large scale drill l Crown Reef 0 out. Cr § ow ~5 Pro Cross Link structures nS 00 du Bu z @ 1
Slide 20: Underground Access for Drilling
UNDERGROUND Click ACCESS to edit Master FOR DRILLING title style For personal use only Bullen Decline § Decline is in excellent condition. Requires new ground support. § Provides easy access to all areas previously mined in the Mainfield. § Accessible to 14 Level (flooded below). Provides immediate
Slide 21: Crown Reef
MARCD21_061 MARCD21_077 CROWN Click REEFMaster title style to edit 0.3m @ 3.79 g/t 2m @ 2.66 g/t MARCD21_058 5.7m @ 35.85 g/t inc. 1.4m @ 141.57 g/t For personal use only MARCD21_084 1.9m @ 2.00 g/t MARCD21_078 1.4m @ 1.39 g/t Viewing Angle: Azimuth: 300 Dip: -30 Legend: Gold zones developed but not
Slide 22: Surface Drilling – Butterfly Area
SURFACE Click to editDRILLING – BUTTERFLY Master title style AREA Butterfly Area For personal use only § Accessible via existing Viking Decline. § Existing Mineral Resources at Mararoa and Royal Standard Reefs. § New discovery of NW striking mineralisation with results including: 6 m @ 31.0 g/t Au.
Slide 23: For personal use only
Click to edit Master title style For personal use only 23
Slide 24: Norseman – Prolific Field with Massive Growth Potential
NORSEMAN Click – PROLIFIC to edit Master title FIELD style WITH MASSIVE GROWTH POTENTIAL A HIGH SCALE, TOP TIER ASSET WORLD-CLASS GREENSTONE BELT HIGHLY PROSPECTIVE AREA SIGNIFICANT EXPLORATION UPSIDE For personal use only Norseman produced ~6Moz historically Pantoro’s tenure is situated in the sout