Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Euroz Hartleys Gold Day April 2022
30 slides from Pantoro Gold's conference presentation, Apr 6, 2022
Slide 1: Euroz Hartleys Gold Day - April 2022
Click to edit Master title style For personal use only EUROZ HARTLEYS GOLD DAY - APRIL 2022 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 Miner
WESTERN Click AUSTRALIAN FOCUSED to edit Master titleMINER style For personal use only PANTORO IS A PRECIOUS METALS PRODUCER, DEVELOPER AND EXPLORER WITH TWO PROVINCE SCALE PROJECTS IN WESTERN AUSTRALIA LARGE HIGH-GRADE MINERAL RESOURCE BROOME § 22.3 million tonnes @ 3.6g/t for 2.6 million attributa
Slide 4: Corporate Overview of Pantoro
CORPORATE OVERVIEW Click to OF title edit Master PANTORO style For personal use only SHARE PRICE BOARD $0.50 25 WAYNE ZEKULICH – NON EXECUTIVE CHAIRMAN PAUL CMRLEC – MANAGING DIRECTOR 20 $0.40 § Financial management, banking and accounting background. § Mining Engineering background with 25 years ex
Slide 5: ESG Highlights
ESG HIGHLIGHTS Click to edit Master title style For personal use only Pantoro is making ESG outcomes a priority Appointment of ESG consultants WILCO “Water Land Climate” to assist in initiation of formal reporting and ESG target definition. ESG Targets to be released in the near term with full ESG r
Slide 6: Norseman Gold Project (PNR 50%)
Click to edit Master title style For personal use only NORSEMAN GOLD PROJECT (PNR 50%) KEY FOCUS: 1. Successful commissioning and transition to production in Q3 2022. 2. Charging on with Phase 2 drilling to achieve ongoing growth in Mineral Resource and Ore Reserve to feed production upgrades. 6
Slide 7: Phase 1 Production Underpinned by Major Mining Centres
PHASE 1 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 MULTIPLE MINING CENTRES § 800km2 position with 70 km of strike along strike. PHASE 1 - 1MTPA PLANT § Initial
Slide 8: Construction Progressing to Plan - Plant Site 1 March 2022
CONSTRUCTION PROGRESSING TO PLAN - PLANT Click SITE to edit 1 MARCH Master 2022 title style For personal use only Existing Stores PROCESSING PLANT ROM § Works have progressed to schedule since approvals were granted in October 2021. Secondary/ § Contracted construction time 47 weeks from Tertiary Cr
Slide 9: Mill and Leaching; Screening and Ore Handling
Click to edit Master title style For personal use only Mill and Leaching Screening and Ore Handling
Slide 10: Fine Ore Bin; Tunnel and Lime Silo
Click to edit Master title style For personal use only Fine Ore Bin Tunnel and Lime Silo 10
Slide 11: Tailings Thickener; ROM Ore Stockpile
Click to edit Master title style For personal use only Tailings Thickener ROM ore stockpile
Slide 12: Phase 1 DFS Scotia Open Pits
PHASE 1 DFS Click to edit SCOTIA Master OPEN PITS title style For personal use only PANTORO DRILLING SCOTIA 4m @ 44.46 g/t Au 11m @ 6.27 g/t Au § Historic mined grade of 5 m @ 15.91 4m @ 7.61 g/t Au g/t AuDRILLING PANTORO 5.9g/t (open pit and 10 m @ 11.60 g/t Au 8m @ 3.45 g/t Au underground combined
Slide 13: Scotia - A Big Mining Centre Getting Bigger
SCOTIA – A BIG MINING Click toCENTRE GETTING edit Master BIGGER title style For personal use only SCOTIA & GREEN LANTERN ARE GROWING RAPIDLY § Green Lantern was discovered in September 2020 – After Phase 1 DFS. § Replaces Cobbler in initial mine plan focussing all open pit operations at commencement
Slide 14: Scotia - Deep Drilling Delivering Results
SCOTIA – DEEP DRILLING DELIVERING Click to edit MasterRESULTS title style For personal use only UPGRADED SCOTIA RESERVE & LOM PLAN § Underground Ore Reserve now 184,000 and Mining Inventory including Inferred Resource blocks 214,000 Oz1. § Pit plus Underground Ore Reserve 457,000 Oz1. § Life of Mine
Slide 15: 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. § Finalising mining contract ahead of commencement next quarter. § Key part of production recommencement plan featuring in
Slide 16: 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 gold 2m @ 3.38 g/t Au 1m @ 27.50 g/t Au price of A$600/oz). 1m
Slide 17: Norseman Gold Project Phase 2 & Beyond
Click to edit Master title style For personal use only NORSEMAN GOLD PROJECT PHASE 2 & BEYOND ONGOING PROGRESSION: 1. Next Mineral Resource and Ore Reserve upgrade is imminent. 2. Aiming for +1MOz Ore Reserve by Q3 2022. 3. Have only “scratched the surface” to date. >70% of existing Mineral Resource
Slide 18: Phase 1 Plan Considered 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 Remaining Mineral Resource (koz) SMALL PORTION OF AVAILABLE MINERAL RESOURCE Resource 4,500 (koz) Mineral Resource Accumulated Production Production (koz) FURTHER DEVE
Slide 19: Scotia Case Study - Impressive Growth Profile
SCOTIA CASE STUDY - IMPRESSIVE GROWTH Click to edit Master title style PROFILE WITH MORE TO COME For personal use only OPEN Major Drill-out undertaken since Phase 1 DFS Free Gift Scotia SIF in October 2020. Discovery Extensions • Scotia Mining Centre Mineral Resource up 119% since acquisition at 906
Slide 20: Scotia - Massive System Open in All Directions
SCOTIA - MASSIVE SYSTEM OPEN IN ALL Click to edit Master title style DIRECTIONS WITH HG ON ALL MARGINS For personal use only ~3.2km Big increase in drill SCRCD22_210 7.2m @ 5.3 g/t density for new Ore Reserve SCRCD22_247 15.6m @ 12.15 g/t GLRC20_032 LEDD20_074 13m @ 3.37 g/t 1.7m @ 12.26 g/t SCRCD20
Slide 21: Norseman Mainfield - The Drill Focus After Scotia
NORSEMAN MAINFIELD – THE DRILL Click FOCUS to edit AFTER Master titleSCOTIA style For personal use only u Mainfield is the most prolific mining area at Norseman to Crown/ date. Mararoa St Pats u First pass drilling completed with focus areas identified. u Drill areas focussed on zones easily accesse
Slide 22: Norseman - Additional Exploration Upside
NORSEMAN - ADDITIONAL EXPLORATION Click to edit 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 The area be
Slide 23: Exceptional Footprint - Exploration Ongoing
EXCEPTIONAL FOOTPRINT Click –toEXPLORATION ONGOING edit Master title style For personal use only OUTSTANDING EXPLORATION TARGETS § Multiple +1Moz Targets & no systematic exploration at since early 1990’s – Until now. § Extensive tenure covering the Lake Cowan area was not adequately assessed histori
Slide 24: Norseman Lithium
Click to edit Master title style For personal use only NORSEMAN LITHIUM KEY TAKEAWAY: 1. First drill program nearing completion. 2. Huge upside with no risk to Pantoro. 24
Slide 25: Lithium Partnership with Mineral Resources Limited
LITHIUM PARTNERSHIP WITHClick MINERAL RESOURCES to edit 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 Jo
Slide 26: Halls Creek (PNR 100%)
Click to edit Master title style For personal use only HALLS CREEK (PNR 100%) KEY FOCUS: 1. Rapid definition of PGE Mineral Resource and metallurgical requirements at Lamboo. 2. Continuing cash generative production at Nicolsons/Wagtail. 26
Slide 27: Halls Creek Gold Project - Keeps on Giving
ClickPROJECT HALLS CREEK GOLD to edit Master – KEEPS title style ON GIVING For personal use only HALLS CREEK LOCATION & PANTORO’S FIRST DEVELOPMENT HAS DELIVERED OVER A LONG PERIOD REGIONAL TENEMENTS § Proven high grade production & uninterrupted operation since February 2015. § Commenced operations
Slide 28: Halls Creek - Exciting Lamboo PGE Discovery
Click toLAMBOO HALLS CREEK – EXCITING edit Master PGE title style DISCOVERY For personal use only LARGE PGE SYSTEM IDENTIFIED § Layered ultramafic basal contact spanning >20km. § Thick mineralisation from surface. Both Western and Eastern Limbs of folded sequence confirmed with consistent mineralisa
Slide 29: Lamboo PGE Discovery - Excellent Width from Surface
Click to edit LAMBOO PGE DISCOVERY – EXCELLENT Master WIDTH FROM title style SURFACE For personal use only § Thick, consistent zones of mineralisation identified to date. § Step-out drilling to the north during December confirms mineralisation over a large portion of the system. § Preparing for 20,0
Slide 30: Summary
SUMMARY Click to edit Master title style For personal use only • Large PGE Discovery with major drill program planned to commence in March 2022. BROOME • Continuous gold production at Nicolsons HALLS CREEK since 2015. Gold / PGE • Construction of 1 million tonne/110KOz per annum operation underway.