Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Euroz Hartleys Rottnest Conference 2025
21 slides from Pantoro Gold's conference presentation, Mar 12, 2025
Slide 1: Euroz Hartleys Rottnest Conference
For personal use only Euroz Hartleys Rottnest Conference ASX: PNR March 2025
Slide 2: Important Notices
IMPORTANT NOTICES For personal use only Nature of Document. This presentation has been prepared and issued by Pantoro Limited (Pantoro or Forward Looking Statements and future performance This presentation contains forward looking statements Company) to provide general information about Pantoro. abo
Slide 3: Important Notices Continued
IMPORTANT NOTICES CONTINUED For personal use only Past performance. Past performance metrics and figures (including past share price performance of For the purposes of ASX Listing Rule 5.19, Pantoro confirms that all material assumptions underpinning the Pantoro), as well as pro forma financial info
Slide 4: Norseman Primed for Growth
NORSEMAN PRIMED FOR GROWTH For personal use only LARGE, HIGH-GRADE MINERAL RESOURCE 44.9 Mt @ 3.3 g/t for 4.7 million ounces gold. GROWING GOLD PRODUCTION POSITION New, fully operational gold mining operation which includes: 1. New processing plant operating above nameplate capacity at 1.2 million t
Slide 5: Corporate Structure – Entering ASX
CORPORATE STRUCTURE – ENTERING ASX 300 For personal use only $0.16 140 Share Price1 A$0.135 $0.14 120 Ordinary Shares 6,551 million $0.12 100 Options and rights 123 million $0.10 80 Cash and gold2 A$119.3 million $0.08 60 Market Capitalisation1 A$884 million $0.06 40 $0.04 Debt3 US$10.4 (A$16.5) mil
Slide 6: Strong, Experienced Team
STRONG, EXPERIENCED TEAM Enhanced through appointment of Stuart Mathews For personal use only BOARD Wayne Zekulich § Financial management, banking and accounting Paul Cmrlec § Mining Engineering background with >25 years Chair background Managing Director experience § Extensive public company experi
Slide 7: Norseman Gold Project Overview
NORSEMAN GOLD PROJECT 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. Less than 30% of known Mineral Resource areas drilled for Ore Reserve conversion to date. CURRENT OPERA
Slide 8: OK Underground Mine
OK UNDERGROUND MINE For personal use only OK UNDERGROUND MINE Ore Reserve increases after mine depletion every year since commencement in 2022. Producing in steady state at circa 40,000 Oz per annum. FY year to date mined grade ~6.7g/t Now undertaking extensional drilling for the first time since co
Slide 9: Scotia – Grade Control Revealing the Full Potential
SCOTIA – grade control REVEALING the FULL potential For personal use only Ø Underground mining commenced May 2024. Ø Production underway and expected to be at full rate by the end of March 2025. Ø Wide high-grade zones in grade control drilling correlating well with development. Ø Expected to produc
Slide 10: Princess Royal Mining Area
PRINCESS ROYAL MINING AREA For personal use only Ø Open pit operations re-commenced on 6 March 2025 at Princess Royal. Ø Well known and respected contractor Big Yellow awarded full service mining contract. To be fully manned at full mining rates by 20 March 2025. Ø Gladstone open pit to commence fol
Slide 11: Rate, Recovery and Reliability
RATE, RECOVERY AND RELIABILITY For personal use only Comfortably running at 1.2MTPA with further increases up to 1.4MTPA easily achieved WITHOUT any major upgrade costs. Excellent recovery: 94.5% FY to date. Targeting growth through addition of high-grade underground ounces. FY25 approx. guidance FY
Slide 12: Norseman Growth Pathway
NORSEMAN GROWTH PATHWAY For personal use only Aim to add highest possible grades from new mines. Replacing open pit feed 1,400,000 with higher grade underground ore. 1,200,000 Growth drilling underway 1,000,000 Scotia Reserve Grade 4.5g/t = on surface at Mainfield and Target Tonnes Processed Approx
Slide 13: Scotia – Open in All Directions
SCOTIA – OPEN IN ALL DIRECTIONS For personal use only Scotia Growth Targets ∙ Underground drilling commenced in September 2024 primarily focussed on grade control. ∙ Initially targeting depth extensions in the Southern Zone. Good validation from limited expansion drilling to date. ∙ Extensional dril
Slide 14: Mainfield – The Big Prize
MAINFIELD – THE BIG PRIZE use only Mainfield is the most prolific mining area at Norseman to date. Crown/ Mararoa St Pats ► First pass drilling completed with focus areas identified. ► Drill areas focussed on zones easily accessed from existing infrastructure For personal ► Large areas unmined previ
Slide 15: Bullen Rehabilitation and Drilling
BULLEN REHABILITATION AND DRILLING For personal use only Ø Contract awarded to RedPath Australia. Ø Rehabilitation works are progressing well with excellent ground conditions noted. Approx 900m advance being achieved per month. Ø On track for commencement of drilling by the end of the March 2025 qua
Slide 16: Crown Reef – Historical Production 1.1 Moz @ 11.2g/t
For personal use only CROWN REEF – historical production 1.1 Moz @ 11.2g/t 16
Slide 17: Southern Mainfield Butterfly Area
SOUTHERN MAINFIELD For personal use only BUTTERFLY AREA ► Accessible via existing Viking Decline. ► Existing Mineral Resources at Mararoa and Royal Standard Reefs. ► New discovery of NW striking mineralisation with results including: 6 m @ 31.0 g/t Au. 1m @ 58.6 g/t Au. 2 m @ 20.66g/t Au. 2m @ 12.43
Slide 18: Southern Mainfield – Multiple High-Grade Lodes
Southern Mainfield– multiple HIGH-GRADE lodes Maroroa Reef Royal Standard Reef For personal use only Major historical producer with >1MOz mined Historical small scale ,high-grade mine. to date. Results from Pantoro drilling Results from Pantoro drilling include: include: o 3m @ 485.43g/t Au inc. 1m
Slide 19: Polar Bear
POLAR BEAR For personal use only Hinemoa Hinemoa and the wider Polar Bear Peninsula has had limited modern day exploration. Pantoro acquired a small Mining Lease from prospectors during 2022. This lease hosts an old shaft and now allows access to the entire strike length for the first time. Consider
Slide 20: Summary
SUMMARY For personal use only Ø Pantoro is in an exceptional position generating cashflow while building new mines and advancing growth activities in multiple areas across the operation. 1HFY25 EBITDA $70.5 million. Ø Leveraged to the gold price with only 1,000 ounces per month capped at $4,200 per
Slide 21: Mineral Resource & Ore Reserve
MINERAL RESOURCE & ORE RESERVE For personal use only ● Refer to ASX Announcement dated 26 September 2024 for full details of the Mineral Resource and Ore Reserve. ● Scotia and Green Lantern Open Pits (0.5 g/t cut-off applied), OK and Scotia Underground Mines (2.0 g/t cut-off applied), Nicolsons and
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