Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Euroz Hartleys Rottnest Conference 2023
26 slides from Pantoro Gold's conference presentation, Mar 7, 2023
Slide 1: Pantoro & Tulla Merger - Consolidating Ownership of the Norseman Goldfield
For personal use only DRAFT Click to edit Master title style Pantoro & Tulla Merger - Consolidating Ownership of the Norseman Goldfield Euroz Hartleys Rottnest Conference - March 2023 ASX:PNR
Slide 2: Important Notices
IMPORTANT Click NOTICES to edit Master title style For personal use only Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Pantoro or Company) with the assistance of Tulla Resources plc (Tulla) to provide general information about Pantoro and the proposed merger
Slide 3: Important Notices Continued - Forward Looking Statements
IMPORTANT Click NOTICES to edit Master titleCONTINUED style For personal use only Forward Looking Statements and future performance This presentation contains forward looking statements about Pantoro and Tulla. Often, but not always, forward looking statements can be identified by the use of forward
Slide 4: Reserves, Resources & Production Targets
IMPORTANT Click NOTICES to edit Master titleCONTINUED style Reserves, Resources & production targets: For personal use only Exploration Targets, Exploration Results. The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Scot
Slide 5: Consolidation Creates Significant WA Gold Producer
CONSOLIDATION Click to edit MasterCREATES SIGNIFICANT WA GOLD PRODUCER title style RECOMMENDED MERGER OF PANTORO AND TULLA For personal use only ▪ Recommended all-share acquisition of Tulla Resources Plc (Tulla) by Pantoro Limited (Pantoro) (Merger) by scheme of arrangement1. ▪ Pantoro shareholder s
Slide 6: Merger Rationale and Highlights
MERGER Click RATIONALE to edit AND Master title HIGHLIGHTS style Simplified structure for a strengthened operation For personal use only ✓ Simplified structure expected to unlock efficiencies Consolidates 100% ownership and 1 control of Norseman Gold Project ✓ Management focus on Norseman Gold Proje
Slide 7: Post-Merger Structure
POST-MERGER Click STRUCTURE to edit Master title style For personal use only Pantoro Shareholding Post-Merger Pantoro Board and Senior Management Post-Merger & Pre- Post-Merger & Independent Placement Post-Placement Chair To be appointed TBC% TBC% 48.5% 51.5% 35.6% 37.8% Wayne Zekulich Kevin Maloney
Slide 8: Norseman Gold Project Update
Click to edit Master title style For personal use only NORSEMAN GOLD PROJECT UPDATE 10
Slide 9: A Prolific Goldfield with Many Targets to Continue Growth
A PROLIFIC GOLDFIELD WITH MANY TARGETS Click to edit Master TO CONTINUE title style GROWTH For personal use only MULTIPLE MINING CENTRES ▪ 800km2 position with 70 km along strike of one of Australia’s most significant goldfields. ▪ Strong Ore Reserve growth since acquisition ongoing. ▪ Production fr
Slide 10: Norseman - Two Active Mining Centres
NORSEMAN Click - TWO title to edit Master ACTIVE styleMINING CENTRES SCOTIA OK MINE For personal use only Mineral Resource 3.9Mt @ 3.6g/t Mineral Resource 0.6Mt @ 10.2g/t Historic Mined Grade 5.9g/t1 Historic Mined Grade 9.1g/t Type OP & UG Type Underground Open pit years 1 – 5+ Underground Year 1 –
Slide 11: One of Western Australia's Premier Goldfields
ONEto Click OFedit WESTERN Master AUSTRALIA’S title style PREMIER GOLDFIELDS For personal use only MINE PLAN CURRENTLY UNDERPINNED BY <30% OF MINERAL RESOURCE AREAS ▪ Work programs to date focussed on 6 initial Mining Areas: ▪ Scotia ▪ Gladstone ▪ Cobbler ▪ OK ▪ Princess Royal ▪ Princess Royal ▪ Sub
Slide 12: OK Mine - Underground
OK MINE Click to edit- UNDERGROUND Master title style OK UNDERGROUND MINE For personal use only OK MINE LONG SECTION ▪ Mining Star of Erin and O2 Lodes ▪ Dewatering complete to base of mine ▪ Stoping to commence March 2023 quarter ▪ Historical mined grade – 9.1g/t ▪ Reserve 87,000 Oz @ 5.1g/t. ▪ Min
Slide 13: OK Underground Mining Now Progressing Well
OK UNDERGROUND Click to edit Master title style For personal use only UNDERGROUND MINING NOW PROGRESSING WELL ▪ Capital and ore development progressing in both Star of Erin and O2 Lode. Extremely high grades encountered in the Star of Erin orebody with good continuity of mineralisation in ore zones
Slide 14: Scotia - Summary
SCOTIA Click - SUMMARY to edit Master title style SCOTIA & GREEN LANTERN HAVE GROWN RAPIDLY WITH DRILL SUCCESS For personal use only ▪ Pantoro inherited a Mineral Resource of 410,000 Oz in 2019 with no Ore Reserve. ▪ Mineral Resource has been expanded to 1,000,000 Oz and Ore Reserve is 535,000 Oz. ▪
Slide 15: Open Pit Mining Advancing
OPEN Click toPIT editPROGRESS Master title style OPEN PIT MINING ADVANCING For personal use only ▪ Scotia South and Central pit cut-back progressing and taking priority. Expect nameplate production from Scotia open pit to be achieved during June 2023 quarter. ▪ Lower grade Green Lantern pit moves fr
Slide 16: Deep Drilling Underpins Scotia Underground Ore Reserve
DEEPtoDRILLING Click UNDERPINS edit Master title styleUNDERGROUND ORE RESERVE UPGRADED SCOTIA For personal use only RESERVE & LOM PLAN ▪ Underground Ore Reserve now 184,000 and Mining Inventory including Inferred Resource blocks 214,000 Oz1. ▪ Opportunity to increase mill grade and annual production
Slide 17: Open System with Underground Grades Over Whole Strike Length
OPEN Click toSYSTEM WITH edit Master For personal use only UNDERGROUND title style GRADES OVER WHOLE STRIKE LENGTH See ASX releases dated 9/6/20, 15/4/2020 and 21/5/2020 19
Slide 18: Norseman Update - Production Ramp-Up Underway
NORSEMAN Click UPDATE to edit Master title style For personal use only PRODUCTION RAMP-UP UNDERWAY ▪ Project de-risked, with the 1 Mtpa processing plant and supporting infrastructure completed ▪ Underground and open pit mining underway, with focus on the Scotia open pit to access higher grade ore an
Slide 19: Norseman - Regional
NORSEMAN Click – REGIONAL to edit Master title style For personal use only A HIGH SCALE, TOP TIER ASSET WORLD-CLASS GREENSTONE BELT HIGHLY PROSPECTIVE AREA SIGNIFICANT EXPLORATION UPSIDE Norseman produced ~6Moz historically Pantoro’s tenure is situated in the southern The area between Norseman and P
Slide 20: Norseman - Mainfield
NORSEMAN Click - MAINFIELD to edit Master title style For personal use only Mainfield is the most prolific mining area at Norseman to date Crown/ and one of the highest grade gold fields in WA. Mararoa St Pats First pass drilling completed with focus areas identified. Drill areas focussed on z
Slide 21: Battery Metals Assets
Click to edit Master title style For personal use only BATTERY METALS ASSETS 23
Slide 22: Lithium Partnership with Mineral Resources Limited
LITHIUM Click PARTNERSHIP to edit WITH MINERAL RESOURCES LIMITED Master title style For personal use only MRL is a recognised leader in the construction and operation of hard rock lithium mines in Western Australia and brings tremendous technical, operational, and financial capacity to the Lithium J
Slide 23: Initial Drilling Confirms Lithium Bearing Pegmatites
LITHIUM Click PARTNERSHIP to edit WITH MINERAL RESOURCES LIMITED Master title style INITIAL DRILLING CONFIRMS LITHIUM BEARING PEGMATITES For personal use only ▪ Initial 8,000 metre drilling program focussed on 1.6 kilometres of strike where elevated lithium values were returned from rock chip sampli
Slide 24: Appendix A: Reserves and Resources
Click to edit Master title style For personal use only APPENDIX A: RESERVES AND RESOURCES 26
Slide 25: Reserves and Resources Statements
RESERVES Click to editAND RESOURCES Master title styleSTATEMENTS For personal use only Mineral Resource Statement Measured Indicated Inferred Total Resource kt Grade koz kt Grade koz kt Grade koz kt Grade koz Total Underground 267 14.4 124 3,218 10.7 1,110 2,534 11.1 901 6,019 11.0 2,134 Total Surfa
Slide 26: Reserves and Resources Statements
RESERVES Click to editAND RESOURCES Master title styleSTATEMENTS For personal use only Norseman Gold Project Ore Reserve Proven Probable Total Reserves kt Grade koz kt Grade koz kt Grade koz Underground - - - 2,048 4.9 319 2,048 4.9 319 Open Pit - Northern Mining Centres - - - 2,058 2.4 161 2,058 2.