Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pantoro — Investor Presentation (May 2024)
40 slides from Pantoro Gold's investor presentation, May 22, 2024
Slide 1: Norseman – A World Class Growth Opportunity
DRAFT Click to edit Master title style For personal use only NORSEMAN – A WORLD CLASS GROWTH OPPORTUNITY May 2024 ASX: PNR
Slide 2: Important Notices
IMPORTANT Click NOTICES to edit Master title style Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Pantoro or Company) to provide general information about Pantoro. For personal use only Summary Information. The information in this document is in summary form a
Slide 3: Important Notices Continued
IMPORTANT Click NOTICES to edit Master titleCONTINUED style For personal use only Past performance. Past performance metrics and figures (including past share price performance of Pantoro), as well as pro forma financial information, included in this presentation are given for illustrative purposes
Slide 4: Company Overview
Click to edit Master title style For personal use only COMPANY OVERVIEW 4
Slide 5: Pantoro Summary
PANTORO Click to editSUMMARY Master title style LARGE, HIGH-GRADE MINERAL RESOURCE For personal use only § 46.4 Mt @ 3.2g/t for 4.8 million ounces gold. GROWING GOLD PRODUCTION POSITION § New, fully operational gold mining operation which includes: BROOME 1. New 1 million tonne per annum processing
Slide 6: Norseman Gold Project Today
Click to edit Master title style For personal use only NORSEMAN GOLD PROJECT TODAY 6
Slide 7: Norseman Gold Project Overview
NORSEMAN Click GOLD PROJECT to edit Master title style OVERVIEW For personal use only MULTIPLE MINING CENTRES PROVIDE LONG MINING PIPELINE § 800km2 position with 70 km along strike of one of Australia’s most significant goldfields. § Strong Ore Reserve growth since acquisition ongoing. § Production
Slide 8: Norseman Gold Project Mineral Resource and Ore Reserve
Click to edit CURRENT Master titleGOLD NORSEMAN style PROJECT MINERAL RESOURCE AND ORE RESERVE For personal use only 8
Slide 9: New Processing Plant Operational Since Late 2022
NEWtoPROCESSING Click edit Master PLANT OPERATIONAL SINCE LATE 2022 title style § Operating above nameplate capacity. 285 KT tonnes processed in For personal use only March (1.15 MTPA run rate). § Excellent recovery – 94.7% for March quarter. § Simple upgrade options: § Crushing circuit capable of 1
Slide 10: Scotia – High-Grade Pit Transitioning Underground
SCOTIA Click to –edit HIGH-GRADE Master titlePIT TRANSITIONING UNDERGROUND style Open Pit For personal use only § High grade ore beneath old mine voids now accessed with mining underway with grade increasing as expected. § Grade control drilling revealing thick, high-grade mineralisation in remainde
Slide 11: Scotia – Deep Drilling Underwrites the Long Term Plan
SCOTIA Click – DEEP to edit DRILLING Master UNDERWRITES THE LONG TERM PLAN title style For personal use only Scotia Underground Key Milestones • Underground development and production contract Award – March 2024 • Portal Excavation – May 2024 (Completed) • Ore Development – July 2024 • Production st
Slide 12: OK Underground Mine
OK MINE Click to edit Master title style For personal use only OK UNDERGROUND MINE § Production underway from Star of Erin and O2 Lodes. § Mine is beating budget expectation with significant capacity to expand production. § Very high grades encountered in first new level (515 level) in O2 Lode. § St
Slide 13: Additional Large Open Pits – Gladstone
ADDITIONAL Click LARGE to edit Master OPEN title stylePITS GLADSTONE For personal use only § Historic mined grade of 4.60 g/t (at average gold price of A$600/oz). PANTOROCurrent DRILLING Mineral Resource 1.84Mt @ 2.7g/t for 158,000 Oz § Located 7km east of the processing facility. Ore Reserve § Last
Slide 14: Additional Large Open Pits – Cobbler
ADDITIONAL Click LARGE to edit Master OPEN title stylePITS COBBLER For personal use only § Virgin orebody with no previous mining. § Wide ore zones and a low 6:1 overall stripping Current Mineral Resource ratio. 2.27Mt @ 1.6g/t for 113,000 Oz § Only 5km from processing plant. Ore Reserve § Open alon
Slide 15: Norseman Gold Project Primed for Growth
Click to edit Master title style For personal use only NORSEMAN GOLD PROJECT PRIMED FOR GROWTH 15
Slide 16: Norseman Gold Project Mineral Resource and Ore Reserve
Click to edit CURRENT Master titleGOLD NORSEMAN style PROJECT MINERAL RESOURCE AND ORE RESERVE For personal use only 16
Slide 17: Norseman High Grade Underground Opportunities
NORSEMAN Click HIGH GRADE to edit Master UNDERGROUND OPPORTUNITIES title style For personal use only CURRENT UNDERGROUND MINERAL RESOURECS OPERATING MINES § Scotia – 300 koz @ 5.2g/t § OK – 200 koz @ 13.5g/t. EXISTING UNDERGROUND RESOURCES (ORDER IN COST/TIME TO ACCESS) § Mainfield – 620 koz @ 12.9g
Slide 18: Scotia Exploration Priorities & Overview
SCOTIA Click EXPLORATION to edit Master title PRIORITIES style & OVERVIEW For personal use only 1. Resource Development (approx. 20,000m in phases 1 – 3 (12 months) a. Target known HG-plunges, b. Test potential HG-plunges, c. Test eastern Lodes, d. Strike and depth extensions with consideration for
Slide 19: Scotia – Outstanding Growth Potential in Active Mining Areas
SCOTIA Click - OUTSTANDING to edit GROWTH POTENTIAL IN ACTIVE MINING AREAS Master title style OPEN Major Drill-out at Scotia yielded results in Phase 1. For personal use only Free Gift Scotia SIF • Scotia Mining Centre Mineral Resource stands at 965,000 Oz (up from Discovery Extensions 459,000 Oz in
Slide 20: Scotia – Deep Drilling Underwrites the Long Term Plan
SCOTIA Click – DEEP to edit DRILLING Master UNDERWRITES THE LONG TERM PLAN title style For personal use only Scotia Underground Key Milestones • Underground development and production contract Award – March 2024 • Portal Excavation – May 2024 • Ore Development – July 2024 • Production stoping – Q1 F
Slide 21: Scotia HG-Plunge Target Areas
SCOTIA Click HG-PLUNGE to edit TARGET Master title style AREAS For personal use only 21
Slide 22: Immediate Potential for Additional Lodes
IMMEDIATE Click to edit POTENTIAL Master title FOR styleADDITIONAL LODES For personal use only Scotia East Lode – Long Section +- 25m 45,000t @ 3.9 g/t Au for 5,600 Au Oz (Inferred) 22
Slide 23: Immediate Potential for Additional Lodes
IMMEDIATE Click to edit POTENTIAL Master title FOR styleADDITIONAL LODES For personal use only 23
Slide 24: Norseman Mainfield – The Big Prize
NORSEMAN Click MAINFIELD to edit Master – THE BIG PRIZE title style u Mainfield is the most prolific mining area at use only Crown/ Norseman to date. Mararoa St Pats u First pass drilling completed with focus areas identified. u Drill areas focussed on zones easily accessed from existing infrastruct
Slide 25: Mainfield Long View
MAINFIELD Click to editLONG VIEW Master title style Mainfield For personal use only § Initial drilling at Butterfly and St Patrick’s/Mt Barker. § Both areas have resources for Viking OK Butterfly Bullen St Patrick's conversion to Ore Reserves for both surface and underground mining once infilled. §
Slide 26: Mainfield Plan View
MAINFIELD PLAN VIEW Click to edit Master title style O’Briens Crown South Crown Projection Shaft Crown Regent Shaft For personal use only Bullen Butterfly OK St Patricks Viking Mararoa St Patricks Bullen Phoenix X-Link and Shaft Norseman Reef Ajax Shaft Mt Barker
Slide 27: Butterfly – Walk Up Drill Target
BUTTERFLY Click to edit –Master WALK title UP DRILL style TARGET Drill Butterfly Area For personal use only § Surface drilling – initial 25,000m program to test NW Structures, Royal Standard, and Maroroa Reef, § Complete re-entry and rehabilitation study for Viking Decline, § Complete any additional
Slide 28: Brownfields Growth – Butterfly Area
BROWNFIELDS Click GROWTH to edit Master – BUTTERFLY AREA title style NORSEMAN MAINFIELD For personal use only § Large, high grade existing Mineral Resource with over 3km of strike. § Drilling by Pantoro confirms multiple zones of high grade mineralisation. Results include: 5.7 m @ 35.85 g/t Au inc.
Slide 29: Butterfly Area – Mararoa Long Section
BUTTERFLY Click to editAREA – MAROROA Master title style LONG SECTION For personal use only 29
Slide 30: Butterfly Area – Mararoa Long Section
BUTTERFLY Click to editAREA – MAROROA Master title style LONG SECTION 5.5m x 5.5m existing decline For personal use only BFRC20_009 Viking Lateral 2m @ 20.61 g/t Position RXRC20_001 BFRCD20_034 BFRC20_029 3m @ 1.45 g/t 2m @ 3.38 g/t 2m @ 10.80 g/t BFRC20_010 2m @ 4.55 g/t BFRC20_030 2m @ 3.50 g/t BF
Slide 31: Butterfly Area – NW Structures Plan
BUTTERFLY Click to editAREA – NW Master titleSTRUCTURES style PLAN For personal use only 31
Slide 32: Butterfly Area – NW Structures Cross Section
BUTTERFLY Click to editAREA – NW Master titleSTRUCTURES style CROSS SECTION For personal use only 32
Slide 33: Bullen Decline – Priorities & Overview
BULLEN Click DECLINE to edit Master- PRIORITIES title style & OVERVIEW Complete study for Re-Entry to Bullen for drill-out and mining For personal use only a. Re-enter Bullen decline and establish drill platforms: § Target Crown Reef unmined Zones, § Target Crown South, § Infill and expand Obrien’s
Slide 34: O'Brien's Projection
O’Brien’s Projection Mineral Resource – 130,000t Click to edit Master title style @ 9.5g/t for 40,000 Oz Crown South Crown Shaft Crown Regent Shaft For personal use only Bullen Butterfly OK St Patricks Viking Mararoa St Patricks Bullen Phoenix X-Link and Shaft Norseman Reef Ajax Shaft Mt Barker
Slide 35: Crown Reef
CROWN Click REEFMaster title style to edit Crown Reef For personal use only § Crown Reef was a prolific early producer, with hig grade mineralisation continuing in the deepest levels. § Crown South previously developed with stoping at high grades commenced, but not materially advanced. § Access and
Slide 36: Crown Reef
MARCD21_061 MARCD21_077 CROWN Click REEFMaster title style to edit 0.3m @ 3.79 g/t 2m @ 2.66 g/t MARCD21_058 5.7m @ 35.85 g/t inc. 1.4m @ 141.57 g/t For personal use only MARCD21_084 1.9m @ 2.00 g/t MARCD21_078 1.4m @ 1.39 g/t Viewing Angle: Azimuth: 300 Dip: -30 Legend: Gold zones developed but not
Slide 37: Crown South
CROWN Click SOUTH to edit Master title style For personal use only Crown South Example exploration Bullen drive O’Briens Projection
Slide 38: Norseman Mainfield – Cross Links
Click to edit Master NORSEMAN title style MAINFIELD – CROSS LINKS For personal use only Po ss L Cro ten ink Cross Links and Other tia C8 l Exploration 91 0 § Bullen mine is a cross ~5 Pro 00 du linking structure which Bu z @ 1 d Ko ce Crown South lle 0g produced n St Patrick's approximately 500KOz §
Slide 39: Norseman – Prolific Field with Massive Growth Potential
NORSEMAN Click – PROLIFIC to edit Master title FIELD style WITH MASSIVE GROWTH POTENTIAL A HIGH SCALE, TOP TIER ASSET WORLD-CLASS GREENSTONE BELT HIGHLY PROSPECTIVE AREA SIGNIFICANT EXPLORATION UPSIDE For personal use only Norseman produced ~6Moz historically Pantoro’s tenure is situated in the sout
Slide 40: Unparalleled Exploration Opportunities – Greenfields
Click to edit Master UNPARALLELED title style EXPLORATION OPPORTUNITIES GREENFIELDS OUTSTANDING EXPLORATION TARGETS For personal use only § Multiple +1Moz Targets & no systematic exploration at since early 1990’s – limited to only 5 years. § Extensive tenure covering the Lake Cowan area was not adeq