Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Q4 2025 Earnings Presentation
16 slides from Pantoro Gold's earnings presentation, Jan 22, 2026
Slide 1: Quarterly Results Presentation December Quarter 2025
For personal use only QUARTERLY ASX: PNR RESULTS PRESENTATION December Quarter 2025
Slide 2: Important Notices
IMPORTANT NOTICES For personal use only 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. abo
Slide 3: Important Notices Continued
IMPORTANT NOTICES CONTINUED For personal use only 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 info
Slide 4: Strong cashflow continues with intensive growth drilling program producing results
Strong cashflow continues with intensive growth drilling program producing results For personal use only • Strong balance sheet – $216.5M cash and gold. • Debt free. AISC $xx/oz • Operational cashflow – $84M EBITDA and $35M increase quarter on quarter with growth activities in full swing. • Producti
Slide 5: Taking advantage of our unhedged position
Taking advantage of our unhedged position For personal use only 22,071 oz AISC EBITDA Production $2,571/oz $84M $14.5M $216.5M Nil Exploration Cash and Gold Debt expenditure at end of quarter 5
Slide 6: Safety and Community in Focus
Safety and Community in Focus Safety Performance For personal use only Safety Statistics • There were no lost time injuries recorded during the quarter. • LTIFR has reduced substantially from 5.9 to 1.5 over the past 12 months. Community Initiatives • Pantoro Gold provided sponsorship for the WASM W
Slide 7: Norseman Operations Summary
Norseman Operations Summary For personal use only • Gold production from underground sources increased by 642 ounces during the period with improved grades from the Scotia Underground Mine. • Open pit production increased as the Slippers Open Pit continued to advance at depth. At the end of the quar
Slide 8: Scotia Underground Mine
Scotia Underground Mine For personal use only • Scotia produced 9,869 ounces during the quarter. • Large zone of unmined mineralisation identified and under development.^ • On track to produce ore from Northern Deeps levels during the March 2026 quarter Extensional with operations in that part of th
Slide 9: Mineralisation extensions confirmed in Southern and Central Scotia
Mineralisation extensions confirmed in Southern and Central Scotia For personal use only
Slide 10: Wide, High-Grade Mineralisation adjacent to old workings in North Scotia
Wide, High-Grade Mineralisation adjacent to old workings in North Scotia For personal use only
Slide 11: OK Underground Mine
OK Underground Mine For personal use only • OK produced 7,081 ounces during the quarter. • Development has commenced on the Main Lode on the 580 and 600 mRL levels with strong development results to date. • Main Lode was last mined on the 230 mRL with no targeted drilling between the old works and t
Slide 12: Princess Royal Open Pit
Princess Royal Open Pit For personal use only • 103,000 tonnes @ 1.79 g/t Au mined during the quarter. • 50,000 tonnes @ 2.49 g/t Au for 4,000 ounces remaining to be mined in the current quarter with mining expected to be completed in January 2026. • Mining schedule was slightly impacted by small ge
Slide 13: Gladstone Open Pit – Mining is Underway
Gladstone Open Pit – Mining is Underway For personal use only • Gladstone lies approximately 8km East of the Norseman processing plant. • 3.8M BCM to be excavated during stages 1 and 2 of open pit mining. • 317,000 tonnes @ 2.8 g/t Au for 28,500 oz to be mined over coming 15 months to March 2027. Mi
Slide 14: Daisy South – A Great addition to the Gladstone Everlasting Mining Centre
Daisy South – A Great addition to the Gladstone Everlasting Mining Centre For personal use only Infill drilling Ø Infill drilling has returned strong results^ and provided the required confidence for mining Daisy South. Ø Existing Mineral Resource stands at 215,000 tonnes @ 2.9 g/t Au for 20,000 oz.
Slide 15: Mainfield Exploration – Crown South and O'Briens shaping up for next production centre
Mainfield Exploration – Crown South and O’Briens shaping up for next production centre For personal use only • Drilling has identified a substantial zone of high-grade mineralisation at Crown South with abundant visible gold noted. • Results to date include^: Ø 1.13 m @ 12.36 g/t Au. Ø 0.32 m @ 71.1
Slide 16: Summary
Summary For personal use only Ø Pantoro Gold is in a very strong position with extensive growth activities underway and strong cash generation continuing. Ø Quarterly EBITDA of $84 million, and cash and gold increase of $35 million. Ø Further high-grade results from the Mainfield support near term d