Pantoro Gold Limited · ASX:PNR

Pantoro Gold — Pacific Niugini — Investor Presentation (January 2015)

15 slides from Pantoro Gold's investor presentation, Jan 28, 2015

1. Slide 1: Developing the Nicolsons Mine, Western Australia

   For personal use only Developing the Nicolsons Mine, Western Australia January 2015 ASX:PNR

2. Slide 2: Halls Creek Lamboo Project, Nicolsons Mine

   HALLS CREEK LAMBOO PROJECT, NICOLSONS MINE For personal use only Positioned to deliver outstanding returns for investors: • High Grade Resource and Reserve: High grade gold resource/reserve which sits immediately below an existing open pit. • Existing Infrastructure: Complete processing plant and as

3. Slide 3: Corporate Structure

   CORPORATE STRUCTURE For personal use only Board: Management: Corporate: Peter Cook – Non-Executive Dennis Lovell – Joint Company Capital Structure Chairman. Highly successful Secretary. Founding CFO and Australian mining identity company secretary. Many new Ordinary Shares– 314 Million behind compan

4. Slide 4: Drilling Program Validates Mining Plan

   DRILLING PROGRAM VALIDATES MINING PLAN For personal use only  Initial 11 hole (approximately 2,500m) diamond drilling program designed to extend and validate resource was a resounding success.  First time the Nicolsons deposit has been the subject of a substantial diamond drilling campaign – well

5. Slide 5: Initial Mine Plan Only a Fraction of the Potential

   INITIAL MINE PLAN ONLY A FRACTION OF THE POTENTIAL For personal use only Potential for expansion Potential for Current Program Mineralisation expansion Host Sequence >10 gxm Initial Mining Plan <10gxm Potential for expansion Expansion Opportunity – resource only constrained by lack of drilling at de

6. Slide 6: Re-start and Operating Philosophy

   RE-START AND OPERATING PHILOSOPHY For personal use only Capital Discipline  Capital requirements split into three phases: • Phase 1 - Critical works for mining commencement to make processing plant compliant and operational, and minimum infrastructure upgrades to commence work – nominally the first

7. Slide 7: Feasibility and Re-start Outcomes

   FEASIBILITY AND RE-START OUTCOMES For personal use only LOW CAPITAL, SHORT LEAD-IN TO PRODUCTION, EXCELLENT PROFITABILITY Pre-Production Capital: $11 million Net Profit Before Tax: $58 million Time to Positive Cash flow: 6 Months Net Profit After Tax: $50 million Annual Production: 130,000t, 30,000

8. Slide 8: Impacts of Higher Grade and Throughput

   IMPACTS OF HIGHER GRADE AND THROUGHPUT For personal use only Nicolsons Plant Production Capacity 90000 Annual production @ 95% Recovery (Ounces) 80000 70000 60000 50000 120,000 tpa 40000 135,000 tpa 30000 150,000 tpa 20000 10000 Hole NRCD14007 – 1.2m @ 102.9g/t 0 6 8 10 12 14 16 18 Mine Grade (g/t)

9. Slide 9: Excellent Tenure Position and Exploration Upside Potential

   EXCELLENT TENURE POSITION AND EXPLORATION UPSIDE POTENTIAL For personal use only Project on granted mining leases free of encumbrances  All resources at the Nicolsons Project located on granted mining leases.  Leases are pre-Native Title legislation.  Excellent relationship with underlying pastor

10. Slide 10: Agreement with Bulletin Resources

    AGREEMENT WITH BULLETIN RESOURCES RIGHTS ISSUE UPDATE For personal use only Amended Deal Structure • Agreement to help BNR facilitate finance through CBA. • BNR to transfer remaining 15% interest (to total 80% interest) to PNR upon closure of finance facility. • BNR to contribute equity required und

11. Slide 11: Nicolsons Summary

    NICOLSONS SUMMARY For personal use only Production at Nicolsons Deposit is Pacific Niugini’s focus  Approvals in place to commence work.  Finalising finance facility (parties expect completion first week February 2015).  Diamond drilling confirmed narrower but higher grade mineralisation than RC

12. Slide 12: 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

13. Slide 13: Exciting Initial Drilling Results

    EXCITING INITIAL DRILLING RESULTS  Drilling targeting known zones of high For personal use only 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. Wafi Resource Plan v

14. Slide 14: Near Term Production, Excellent Exploration Upside

    NEAR TERM PRODUCTION, EXCELLENT EXPLORATION UPSIDE For personal use only POSITIVE CASHFLOW FROM HALLS CREEK IS PACIFIC NIUGINI’S FOCUS  Excellent drilling program results.  Infrastructure including processing plant in place, located adjacent to major sealed highway, sealed air strip, and associate

15. Slide 15: 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

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