Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Euroz Hartleys Conference March 2021
34 slides from Pantoro Gold's conference presentation, Mar 9, 2021
Slide 1: The Growth Opportunity at Norseman
Click to edit Master title style For personal use only THE GROWTH OPPORTUNITY AT NORSEMAN EUROZ HARTLEYS CONFERENCE MARCH 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 POSITIONED FOR GROWTH AND HUNTING OPPORTUNITY STRONG BALANCE SHEET $64.9 million cash and gold at 31 December 2020. BROOME DEBT FREE HALLS CREEK UNHEDGED benefitting from strong gold price PHASE 1 FEASIBILITY
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) $0.30 25 WAYNE ZEKULICH – NON EXECUTIVE CHAIRMAN PAUL CMRLEC – MANAGING DIRECTOR $0.25 20 § Financial management, banking and accounting background. § Mining Engineeri
Slide 5: Halls Creek (PNR 100%)
Click to edit Master title style For personal use only HALLS CREEK (PNR 100%) 5
Slide 6: 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 7: 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 8: Anyone for Some PGE's?
ANYONE Click to edit FOR SOME Master titlePGE’s? style For personal use only Announcement 18 October 2018 Nicolsons Regional Exploration Yields Encouraging Results Pt+Pd+Au and Ni Results 17m @ 2.13g/t Pt+Pd+Au and 0.65% Ni 21.4m @ 1.93g/t Pt+Pd+Au and 0.55% Ni 17m @ 1.58g/t Pt+Pd+Au Historical resu
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: Phase 1 Feasibility Study Highlights
PHASE 1 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 pri
Slide 12: Phase 1 Plan Considers 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 13: 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 14: Growth Future
Click to edit Master title style For personal use only GROWTH FUTURE 14
Slide 15: Norseman Resource Development
MAINFIELD NORSEMAN – RESOURCE Click DEVELOPMENT to edit Master title style For personal use only SCOTIA – BECOMING A MAJOR FIELD IN ITS OWN Mainfield – One of the Highest Grade Gold Fields in Australia RIGHT § Multiple targets in this iconic field with a blend of resource development, follow-up of h
Slide 16: 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 17: 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 18: First Target - Crown South Reef
FIRST Click TARGETto -edit CROWN SOUTH Master REEF title style For personal use only Viewing Angle: Azimuth: 300 Dip: -30 150m
Slide 19: First Target - Crown South Reef
FIRST Click TARGETto -edit CROWN SOUTH Master REEF title style For personal use only Viewing Angle: Pantoro plan: Azimuth: 300 • Drill approx. 15 holes from surface to prove Dip: -30 concept. • Re-access Bullen mine to drill out (approx. 400m from current decline). • Drilling is underway. High grade
Slide 20: Crown Reef
CROWN Click to edit Master REEF title style For personal use only Viewing Angle: Azimuth: 300 GREY ZONES – MINED WITH Dip: -30 PILLARS IN REMNANT MINERAL RESOURCE. CURRENT MINERAL RESOURCE 626Kt @13.04g/t for 262 KOz 150m BLUE ZONES – STATUS NOT RED ZONES - NOT MINED, CLEAR. EXCLUDED FROM NOT INCLUD
Slide 21: Crown Reef - Pantoro's First Test of Unmined Zones
CROWN REEF – PANTORO’S FIRST ClickTEST OF Master to edit UNMINED titleZONES style For personal use only MARCD21_058 Viewing Angle: Azimuth: 300 Dip: -30 150m
Slide 22: 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 23: 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
Slide 24: Appendix
Click to edit Master title style For personal use only APPENDIX 24
Slide 25: Large Long Life Open Pits: Cobbler
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 26: 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 27: 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 28: Significant Intersection
Significant Intersection The following details relate to the drill intersection photographs on page 21 of the presentation. Assay results are currently pending and will be released by Pantoro when available. Hole Number Northing Easting RL Dip (degrees) Azimuth (de- End of Hole Downhole Downhole To
Slide 29: JORC Code 2012 Edition - Table 1, Section 1
JORC Code 2012 Edition – Table 1 SECTION 1: SAMPLING TECHNIQUES AND DATA Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific • This release relates to preliminary visual results from a Mararoa and Crown specialise
Slide 30: JORC Table: Sub-sampling Techniques and Sample Preparation
Criteria JORC Code explanation Commentary Sub-sampling techniques • If core, whether cut or sawn and whether quarter, half or all core taken. • No assay results are reported in this release. and sample preparation • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled we
Slide 31: JORC Table: Location of Data Points
Criteria JORC Code explanation Commentary Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down-hole • Diamond Drilling was downhole surveyed with a CHAMP GYRO north seeking surveys), trenches, mine workings and other locations used in Mineral Resource
Slide 32: Section 2: Reporting of Exploration Results
SECTION 2: REPORTING OF EXPLORATION RESULTS Criteria JORC Code explanation Commentary Mineral tenement and land • Type, reference name/number, location and ownership including agreements or • The tenement where the drilling has been completed is 50% held by Pantoro tenure status material issues with
Slide 33: JORC Table: Geology
Criteria JORC Code explanation Commentary • The mineralisation is hosted in quartz reefs in steeper shears and flatter linking sections, more recently significant production has been sourced from NNW striking reefs known as cross structures (Bullen). Whilst a number of vein types are categorized the
Slide 34: JORC Table: Data Aggregation Methods
Criteria JORC Code explanation Commentary Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum • No assay results are reported in this release. and/or minimum grade truncations (eg cutting of high grades) and cut-off grades • No metal equivalents are r