Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Q3 FY2020 Earnings Presentation
24 slides from Pantoro Gold's earnings presentation, Apr 20, 2020
Slide 1: March Quarter Investor Presentation
Click to edit Master title style For personal use only MARCH QUARTER INVESTOR PRESENTATION APRIL 2020 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 BROOME STRONG BALANCE SHEET with A$27.4 million in cash and gold at 31 March 2020, and debt free HALLS CREEK UNHEDGED from end of April 2020 LARGE
Slide 4: Corporate Overview of Pantoro
CORPORATE OVERVIEW Click to OF title edit Master PANTORO style For personal use only CAPITAL STRUCTURE BOARD Share Price1 11.5 cps WAYNE ZEKULICH – NON EXECUTIVE CHAIRMAN PAUL CMRLEC – MANAGING DIRECTOR § Financial management, banking and accounting background. § Mining Engineering background with 2
Slide 5: March Quarter – Key Summary
Click to edit Master title style For personal use only MARCH QUARTER – KEY SUMMARY 5
Slide 6: Norseman – Exceptional Drill Results Continue
NORSEMAN – EXCEPTIONAL ClickDRILL RESULTS to edit MasterCONTINUE title style For personal use only NORSEMAN GOLD PROJECT1 HIGHLIGHTED DRILLING RESULTS FROM THE MARCH QUARTER § 5 drill rigs active on site in the March quarter § Exceptional drill results from Gladstone/Everlasting, Daisy SLIPPERS Sout
Slide 7: Halls Creek – Operational Changes to Underpin Positive Cashflow
HALLS CREEK – OPERATIONAL CHANGES TO UNDERPIN POSITIVE Click to edit MasterCASHFLOW title style For personal use only HALLS CREEK1 § Significant improvement in operational and cashflow performance § Operational cashflow increased 58% qoq § Project expenditure reduced ~11% qoq § Production of 9,085oz
Slide 8: Corporate – Strong Cash Position and Unhedged from May
CORPORATE – STRONG CASH POSITION ANDtoUNHEDGED Click edit MasterFROM MAY title style For personal use only CORPORATE1 $ million CASH & GOLD MOVEMENTS Q3 FY20 § Strong balance sheet 60 § Cash position of A$27.4m 23.9 § No debt 50 § Unhedged from end of April – provides significant boost to revenue ge
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 Gold Project – Outstanding Tier 1 Province
NORSEMAN GOLD PROJECT – OUTSTANDING TIER 1 PROVINCE Click to edit Master title style For personal use only LOCATION § Outstanding tier 1 location 200 km from Kalgoorlie via major sealed highway. § CNGP was established on a large scale by Western Mining in 1935 and HISTORY operated almost continuousl
Slide 11: JORC Resource
JORC RESOURCE Click to edit Master title style For personal use only NORSEMAN (PNR 50%) Underground Surface Tonnes Grade Contained Au Tonnes Grade Contained Au Category Category (M) (g/t) (Moz) (M) (g/t) (Moz) Measured 0.3 13.90 0.1 Measured 4.3 0.80 0.1 Indicated 1.3 17.86 0.8 Indicated 11.4 2.02 0
Slide 12: Australian Based Gold Producers and Developers
AUSTRALIAN BASED GOLDClick PRODUCERS AND DEVELOPERS to edit Master title style For personal use only PANTORO’S HOLDING PRESENTS SOME OF THE HIGHEST GRADE UNDERGROUND AND SURFACE MINERAL RESOURCES Underground Mineral Resource (g/t) Surface Mineral Resource (g/t) 16.0 14.4 3.0 14.0 2.4 2.5 12.0 2.0 Gr
Slide 13: Project Development Strategy
PROJECTClick DEVELOPMENT to edit MasterSTRATEGY title style For personal use only FIRST-FOCUS MINING CENTRES TWO STREAM APPROACH FROM COMMENCEMENT § Near Term Development – Existing resources to be drilled to mine ready status. § New Discovery – High potential targets on Lake Cowan to be targeted fo
Slide 14: Project Implementation – Drilling Underway and Producing Results
PROJECT IMPLEMENTATION Click to edit Master title style For personal use only DRILLING UNDERWAY AND PRODUCING RESULTS § Drilling commenced with one drill in the first week of August 2019, approximately 1 month after acquisition. § Strong results from all mining areas drilled to date. § Approximately
Slide 15: Exceptional Drill Results Speak for Themselves
EXCEPTIONAL DRILL RESULTS SPEAK Click FOR to edit THEMSELVES Master title style For personal use only SLIPPERS GLADSTONE – EVERLASTING 11 m @ 9.10 g/t Au 4m @ 8.26 g/t Au 2m @ 18.11 g/t Au 11 m @3.80 g./t Au 2m @ 11.42 g/t Au 2m @ 28.94 g/t Au 3 m @ 8.09 g/t Au 2m @ 3.38 g/t Au 1m @ 27.50 g/t Au 1 m
Slide 16: High Grade OK Mine
Click to edit Master HIGH GRADEtitleOKstyle MINE For personal use only HISTORICAL PRODUCTION GRADE OF ~9.1G § 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 focussed down d
Slide 17: Norseman – Historic Production & Exploration Upside
NORSEMAN - HISTORIC PRODUCTION Click to&edit EXPLORATION Master titleUPSIDE 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 Th
Slide 18: 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 § No systematic exploration at Norseman since early 1990’s § Previous work within salt pan areas was limited to approximately 5 years in the early 1990
Slide 19: Project Progressing on Schedule
PROJECT PROGRESSING Click ON SCHEDULE to edit Master title style For personal use only Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 PHASE 1 OPEN PIT Resource Definition Drilling Princess Royal, Gladstone Everlasting, Daisy South, Resource Modelling, Mine Design and Ore Reserve Cal
Slide 20: Norseman Project Timeline
NORSEMAN Click to edit PROJECT TIMELINE Master title style For personal use only Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Scoping Study Geotechnical, Metallurgical Studies PROCESSING PLANT & INFRASTRUCTURE Feasibility Study Permitting RESOURCE AND RESERVE Resource and Reserve
Slide 21: Halls Creek Project (PNR 100%)
Click to edit Master title style For personal use only HALLS CREEK PROJECT (PNR 100%) 21
Slide 22: Halls Creek Project
Click to HALLS edit Master CREEK title style PROJECT For personal use only PANTORO’S FIRST DEVELOPMENT HALLS CREEK LOCATION & REGIONAL TENEMENTS § Successfully built operations from the ground up. § Proven high grade production & uninterrupted gold production since Sep 2015. § Commenced operations i
Slide 23: Summary
Click to edit Master title style For personal use only SUMMARY 23
Slide 24: Summary
Click to edit MasterSUMMARY title style For personal use only PANTORO IS AN AUSTRALIAN GOLD PRODUCER AND DEVELOPER WITH A UNIQUE WESTERN AUSTRALIAN PROJECT PORTFOLIO STRONG BALANCE SHEET RAPIDLY DE-RISKING LARGE HIGH-GRADE NORSEMAN PROJECT PLAN MINERAL RESOURCE with A$27.4 million in cash and Active