Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 4 April 2016 Investor Presentation For personal use only The board of Pantoro Limited (Pantoro) is pleased to provide the following update presentation on operations at the Nicolsons Mine near Halls Creek in Western Australia. Key points in the presentation include: • Quarter on Qua
Slide 2: Investor Update March 2016
For personal use only INVESTOR UPDATE March 2016 ASX:PNR
Slide 3: March Quarter Update
March 16 Quarter Update For personal use only Ramp up Continuing to Deliver at Nicolsons • Quarter on Quarter Production Increase - Approximately 4,500 to 4,700 Oz produced (100%, PNR interest 80%) vs 4,180 Oz in previous quarter (Jan – 1,613 Oz, Feb 938 Oz, March +2,000 Oz. Final March production p
Slide 4: Corporate Structure, Board and Management
Corporate Structure For personal use only Board and Management • Peter Cook – Non-Executive Chairman Highly successful Australian mining identity behind companies such as Hill 50 Gold Limited; Abelle Limited, and Metals X Limited. • Paul Cmrlec – Managing Director Mining engineer with strong operati
Slide 5: Halls Creek Project
Halls Creek Project (PNR 80%) For personal use only • High Grade Resource and Reserve: High grade gold resource/reserve accessed via portal from an existing open pit. • Production Underway: first production achieved in September 2015, with production profile continuing to grow. • Continuing Reserve
Slide 6: Resource Remains Open in All Directions
Resource Remains Open in All Directions For personal use only 1.43m @ 3.4m @ 3.0m @ 1.2m @ 1.6m @ 6.88g/t 13.21 g/t 20.43 g/t 103 g/t 11.45 g/t, 2.0m @ 0.5 m @ 0.6 m @ 43.36 g/t, 8.8 g/t 22 g/t 12m @ and 2.9m 13.6 g/t @ 4.38g/t 300 m limit of 2m @ 53.7 g/t 1.1m @ 9.52 g/t drilling 6m @ 4.5 g/t 0.6m
Slide 7: Continuing to produce major model overcall
Continuing to produce major model overcall For personal use only Ore mined and processed during the December 15 quarter Further upside realised in March 16 quarter MINING RECOVERY CONTINUING TO OUTPERFORM THE MODEL
Slide 8: 2185 Splay Vein Grades Outstanding
2185 Splay Vein Grades Outstanding For personal use only All outside of Reserve Current reserve model Very high grades in Splay vein
Slide 9: Significant grade overcall on levels mined to date
Significant grade overcall on levels mined to date For personal use only 2210 Level Typical of levels mined to date OD 1 – 117m averaging 2.4m OD 2 – wide @ 13.38g/t 128m averaging 1.6m wide @ 20.34 g/t OD 3 (Splay Vein) 24m averaging 2.0m • Significant grade overcall compared with model wide @ 4.42
Slide 10: Splay vein continuous and increasing strike length
Splay vein continuous and increasing strike length For personal use only • Splay vein now developed on 2200OD all levels. Grade has 1 increased significantly with depth. • Strike length of splay increasing at depth – 7m on 2200ACC SPLAY VEIN 2220 level, approximately Average 3.0m @ 9.02g/t over 38m
Slide 11: Impacts of Higher Grade and Throughput
Impacts of Higher Grade and Throughput For personal use only Nicolsons Plant Current Production Plant is readily expandable to Capacity 200,000 tpa + when ore is available 90000 Annual production @ 95% Recovery (Ounces) 80000 Nicolsons Plant is the only gold 70000 processing facility within 300 km 6
Slide 12: Growth Options At Nicolsons
Growth Options At Nicolsons For personal use only Profitable Production, Maintenance of Cost and Continued Growth Continued profitable operation first priority – • absolute focus on maintaining mine productivity. • Growth at Nicolsons - will provide share holders with long term upside, and a platfor
Slide 13: Nicolsons Extensions
Nicolsons Extensions For personal use only Base of pit Drilling density declines Ø FW and HW (main lode) are off set by approximately 80m. Ø Limited testing of FW down dip due to drilling shadow caused by open pit. Ø Excellent high grade intercepts at depth extremity of drilling in both HW and FW lo
Slide 14: Nicolsons Extensions
Nicolsons Extensions For personal use only South North West East Nicolsons Resource from South to Nicolsons Resource from East to North West 13
Slide 15: Underground Diamond Drilling is Underway
Underground Diamond Drilling is Underway For personal use only 12m @ 13.6 g/t 2 300 m limit of 2 drilling 6m @ 0.6m @ 2m @ 4.5 g/t 22 g/t 53.7 g/t 3m @ 4.0 g/t 2m @ 3m @ 6.8 g/t 8.7 g/t 5m @ 2m @ 15.5 g/t 5.9m @ 9m @ 5.8 g/t 18 g/t 5m @ 3.3 g/t 7.4 g/t 2m @ 6.7 g/t A number of additional loads have
Slide 16: Rowdies and Wagtail
Rowdies and Wagtail For personal use only Lies between 1km and 2 km south of Nicolsons. Nicolsons Known mineralisation over 800m strike length. Plant A number of very high grade drill intercepts Nicolsons Mine similar to Nicolsons. Immediate open pit opportunity, with potential Rowdies/Wagtail North
Slide 17: Rowdies and Wagtail
Rowdies and Wagtail For personal use only A B C 900m Following Sections: • Results shown are high grade intercepts only taken from existing data; • Majority of drilling is RC, some air core, no diamond 16
Slide 18: Rowdies and Wagtail
Rowdies and Wagtail For personal use only 1m @ 7.31 g/t Section B 3m @ 27.90 g/t 5m @ 16.36 g/t 2m @ 20.32 g/t 2m @ 18.24 g/t 1m @ 2.2g/t 2m @ 23.10 g/t 1m @ 6.36 g/t 4m @ 19.79 g/t 2m @ 13.15 g/t 8m @ 18.66 g/t 2m @ 8.48 g/t 1m @ 18.95 g/t 1m @ 8.78 g/t & 1m @ 6.47 g/t 17
Slide 19: Rowdies and Wagtail
Rowdies and Wagtail For personal use only 2m @ 4.97 g/t 2m @ 6.85 g/t 3m @ 8.31 g/t 1m @ 25.1 g/t 2m @ 12.86 g/t 4m @ 19.47 g/t 3m @ 2.00 g/t Section A 18
Slide 20: Rowdies and Wagtail
Rowdies and Wagtail For personal use only 2m @ 6.69 g/t 1m @ 12.30 g/t 3m @ 16.09 g/t 1m @ 9.07 g/t Section C 19
Slide 21: Rowdies and Wagtail – latest results
Rowdies and Wagtail – latest results For personal use only 20
Slide 22: PNG Holdings
PNG Holdings For personal use only Rationalised Land Holding Ø All project areas outside of the Garaina Project and Widubosh (ML457) JV relinquished. Ø Lae office is closed. In country matters managed by director David Osikore. Garaina Project provides blue sky opportunity for the company Ø Terminat
Slide 23: Exciting Drill Results
Exciting Drill Results For personal use only Ø Drilling targeting known zones of high and low magnetic susceptibility. Ø High grade gold identified in both zones drilled to date, with vectors indicating a potential porphyry deposit in the zone of magnetic destruction. • 20m @ 2.89g/t (with 2.0m of c
Slide 24: Disclaimer
Disclaimer For personal use only General Disclaimer This presentation has been prepared by Pantoro Limited (“ Pantor o” or the “Company”). It should not be cons idered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation contain
Slide 25: Competent Persons Statements
Competent Persons Statements For personal use only Papua New Guinea Tenements – Mineral Reporting The infor mation in this report that relates to exploration, mineral resources or ore r eserves is based on infor mation compiled by Mr. Dav id Osikore (B.Sc. Geol) ) MAusIMM who is a full time director