Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Bell Potter Unearthed Conference 2021
24 slides from Pantoro Gold's conference presentation, Feb 10, 2021
Slide 1: Bell Potter Unearthed Conference
Click to edit Master title style For personal use only BELL POTTER UNEARTHED CONFERENCE 10 FEBRUARY 2021 ASX:PNR
Slide 2: Important Notices
Click toIMPORTANT NOTICES edit 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: Western Australian Focused Gold Miner
WESTERN AUSTRALIAN Click toFOCUSED GOLD edit Master titleMINER style For personal use only PANTORO IS AN AUSTRALIAN GOLD PRODUCER, DEVELOPER AND EXPLORER STRONG BALANCE SHEET $64.9 million cash and gold at 31 December 2020. BROOME DEBT FREE HALLS CREEK UNHEDGED Benefitting from strong gold price LAR
Slide 4: Corporate Overview of Pantoro
CORPORATE OVERVIEW Click to OF title edit Master PANTORO style For personal use only SHARE PRICE BOARD Share Price Volume (millions) WAYNE ZEKULICH – NON EXECUTIVE CHAIRMAN PAUL CMRLEC – MANAGING DIRECTOR $0.30 14 $0.25 12 § Financial management, banking and accounting background. § Mining Engineeri
Slide 5: December 2020 Cashflow
DECEMBER Click to editQMaster 2020 CASHFLOW title style For personal use only DEVELOPER WITH STRONG CASHFLOW FROM EXISTING OPERATIONS BALANCE SHEET REMAINS STRONG AS HALLS CREEK CASHFLOW MEETS 100.0 NORSEMAN COSTS 90.0 23.3 § Free cashflow of $7.6 million from Halls 80.0 Creek operations brings 9 mo
Slide 6: Halls Creek (PNR 100%)
Click to edit Master title style For personal use only HALLS CREEK (PNR 100%) 6
Slide 7: Halls Creek Project
Click to edit Master HALLS CREEKtitlePROJECT style For personal use only 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
Slide 8: Strong Positive Cashflow, Maintenance of Gold Inventory
STRONG POSITIVE CASHFLOW, MAINTENANCE OF GOLD Click to edit MasterINVENTORY title style For personal use only HALLS CREEK § Maximising free cashflow in accordance with the plan § 10,143 Oz produced in December Quarter. § Free cash flow $7.6 million with AISC of A$1,435/oz (exceeding guidance) in Dec
Slide 9: Norseman Gold Project (PNR 50%)
Click to edit Master title style For personal use only NORSEMAN GOLD PROJECT (PNR 50%) 9
Slide 10: Norseman Project JV
Click toNORSEMAN edit MasterPROJECT JV title style For personal use only PANTORO HAS FULL CONTROL OF ALL JV ACTIVITIES AND EXPENDITURE SOLE MANAGER § Pantoro is the sole manager of the JV and is responsible for development and execution of all work programs. WORK PROGRAMS & EXPENDITURE § Pantoro for
Slide 11: December 2020 Quarter Highlights
DECEMBER 2020 Click to QUARTER HIGHLIGHTS edit Master title style For personal use only SUBSTANTIAL PROGRESS AT NORSEMAN DURING DECEMBER QUARTER Completion of Phase 1 Definitive Feasibility Study, demonstrating low capex and excellent 1 project cashflow EPC tenders received. Expect award of contract
Slide 12: Feasibility Study Highlights
FEASIBILITY Click to editSTUDY HIGHLIGHTS Master title style For personal use only HIGHLIGHTS Financially attractive gold mining operation underpinned by 1 initial 7 year Phase One project life. 2 Impressive project cashflow of $486 million (pre-tax) and IRR 92% (pre-tax) at A$2,600 gold price. Aver
Slide 13: Economics Underpinned by Strong Phase One Cashflow
ECONOMICS UNDERPINNED BY STRONG Click toPHASE ONE CASHFLOW edit Master title style For personal use only 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 Susta
Slide 14: Phase One Plan Considered Small Portion of Resources
PHASE 1 PLAN CONSIDERED SMALL Click PORTION OF RESOURCES to edit Master title style For personal use only REMAINING MINERAL RESOURCE Resource (koz) Production (koz) SMALL PORTION OF AVAILABLE MINERAL RESOURCE FURTHER 4,500 DEVELOPED BY PANTORO TO DATE 4,000 3,500 § Only 30% of the Mineral Resource c
Slide 15: Production Underpinned by Major Mining Centres
PRODUCTION UNDERPINNED BY MAJOR Click MININGtitle to edit Master CENTRES style For personal use only 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 Histori
Slide 16: Large Long Life Open Pits
LARGE Click LONG to edit LIFE OPEN Master PITS title style For personal use only 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 WIT
Slide 17: High Grade Open Pits: Scotia
Click toHIGH edit GRADE Master OPEN PITS title style For personal use only 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 @
Slide 18: High Grade Underground: OK Mine
Click to edit HIGH GRADEMaster title style UNDERGROUND For personal use only 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 under
Slide 19: High Grade Open Pits: Gladstone
Click toHIGH edit GRADE Master OPEN PITS title style For personal use only 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 @
Slide 20: 2021 Focus and Strategy
Click to edit Master title style For personal use only 2021 FOCUS AND STRATEGY 20
Slide 21: Exceptional Exploration Footprint – Dominant Tenement Position
EXCEPTIONAL EXPLORATION FOOTPRINT – DOMINANT TENEMENT Click to edit POSTION Master title style For personal use only 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 wa
Slide 22: Norseman – Resource Development, Mainfield, Scotia
MAINFIELD NORSEMAN – RESOURCE Click DEVELOPMENT to edit Master title style For personal use only SCOTIA Mainfield – One of the Highest Grade Gold Fields in Australia § Focus to remain on strike and depth extensions. § Multiple targets in this iconic field with a blend of resource development, follow
Slide 23: Mainfield Long View
Click toMAINFIELD edit MasterLONG VIEW title style For personal use only Mainfield § Initial drilling at Butterfly and St Patrick’s/Mt Barker. OK Viking Bullen St Patrick's § Both areas have resources for Butterfly conversion to Ore Reserves for both surface and underground mining once infilled. § S
Slide 24: Summary
Click to edit Master SUMMARY title style For personal use only 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$64.9 million cash and gold at § Initial 7