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ASX:PNR

Pantoro Ltd

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A High Grade Australian Gold Producer

Pantoro is an Australian gold producer with its 100% owned Halls Creek Gold Project in the Kimberley Region of Western Australia being the key operational focus. The project provides the company with a platform for growth through the operation of its first producing gold asset, which includes underground and open pit mines, and a modern CIP processing facility.

Nicolsons Project

The Nicolsons Project is Pantoro’s flagship operation.  The Project is underpinned by the high grade Nicolsons Underground Mine with the second underground mine, Wagtail, under active development. Nicolsons has been producing gold since September 2015.

(click here for more information on this project)


Norseman Gold Project

50% Share in the World-Class Central Norseman Gold Project

Pantoro owns a 50% interest in the Central Norseman Gold Project (CNGP) which contains a current JORC compliant Mineral Resource of 4.4 million ounces of gold.

The CNGP is owned as an unincorporated joint venture (UJV) with Central Norseman Gold Corporation Pty Ltd. Pantoro has management control under the UJV.

CNGP is amongst the highest grade goldfields mined in Australia with historic production exceeding 5.5 million ounces of gold since discovery in 1894.

CNGP includes a tenement package covering approximately 70 km of strike along the highly productive CNGP- Wiluna greenstone belt and currently has approximately 35 separate Mineral Resources modelled. A number of the Mineral Resources are near-development ready and initial works are to be focused on transition to production as soon as possible.

Originally one of Western Mining’s key gold production regions from 1935 until 2002, the CNGP was divested along with the remainder of Western Mining’s gold division around that time. Little systematic exploration has been undertaken since the late 1990’s.

Much of the CNGP tenure lies under Lake Cowan where historical exploration is limited. The CNGP is considered to be highly prospective for discovery of multiple +1 million ounce deposits.


Nicolsons Project Timeline


Nicolsons Regional Projects

Pantoro has a portfolio of regional exploration targets located near the Nicolsons Project, approximately 45 km southwest of Halls Creek in Western Australia. The regional exploration targets represent extenstional expansion opportunities close to the Nicolsons project infrastructure. Initial exploration undertaken at a number of these regional targets has produced encouraging results.

(click here for more information on this project)


Mary River Project

The Mary River Project is located approximately 20 km SSW of Halls Creek and is easily accessible via the Great Northern Highway and the Tanami Road. Mary River is approximately 20 km from the Nicolsons processing plant.

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Grants Creek

The Grants Creek Project is located approximately 60 km north of Halls Creek and includes a number of advanced prospects with first mining recorded during the 1880’s. Grants Creek has a large amount of historical drilling recorded, and Pantoro believes that there is strong potential to rapidly define a JORC compliant Mineral Resource.

(click here for more information on this project)


Garaina Project

The Garaina Project is Pantoro’s main exploration target in PNG, located 100 km southeast of the Hidden Valley Mine and Wau Town, in the Morobe province, covering an area of approximately 380 km2. The tenement area covers the suture zone between the Owen Stanley Metamorphic thrust to the west and the Papuan Ultramafic to the east. Most of the EL is underlain by the Owen Stanley metamorphic complex, which is common to the majority of the known major mineral deposits in PNG.

(click here for more information on this project)

 

Last updated 8th November 2019

Mr Michael Jefferies
Independent Non-Executive Chairman

Mr Jefferies holds a Bachelor of Commerce degree and is a Chartered Account. Mr Jefferies has extensive experience in finance and investment, including 20 years as an executive at Guinness Peat Group plc. Michael is a non-executive director of Homeloans Limited and Ozgrowth Limited. He was formerly a director of a number of financial services companies including Australian Wealth Management Limited, Tower Australia Limited, Clearview Wealth Limited and Afterpay Touch Group Limited. Michael was also formerly a director of a number of resources companies.


Mr Paul Cmrlec
Managing Director
BEng (Mining), Honours

Mr Cmrlec holds a Bachelor of Mining Engineering degree with Honours from the University of South Australia. He has more than 20 years experience in corporate and operational management of mining companies. Paul has held a number of operational and planning roles with several companies and was previously the Group Underground Mining Engineer for Harmony Gold Australia and the Group Mining Engineer for Metals X Limited. In addition to operational mining roles, Mr Cmrlec’s experience includes the general management of major feasibility studies for the Wafi Copper-Gold deposit in Papua New Guinea, and the Wingellina Nickel-Cobalt deposit in the Central Musgraves region of Western Australia.


Mr Scott Huffadine
Operations Director
BSc., Honours, MAIG

Mr Huffadine holds a Bachelor of Science with Honours. Mr Huffadine is a geologist with more than 20 years’ experience in the resource industry, specifically project management, geology and executive management. Mr Huffadine has held several key management positions ranging from operational start-ups involving open pit and underground mining projects, through to large integrated operations in gold and base metals. He was previously Managing Director of Kingsrose Mining Limited, an Executive Director of Metals X Limited and Managing Director of Westgold Resources Limited.


Mr Kyle Edwards
Independent Non-Executive Director

Mr Edwards is a corporate and resources lawyer and a Director at EMK Lawyers (a Western Australian based corporate and resources law firm). Mr Edwards graduated from the University of Notre Dame Fremantle with a bachelor of Arts (Politics)/Law in 2008. Mr Edwards’ has over 7 years’ experience as a lawyer with a particular focus on mining and resources law, mergers and acquisitions, capital markets and native title law.

 

Last updated 8th November 2019

Perth Office

1187 Hay Street
West Perth WA 6000
Australia

Email: [email protected]
Phone: 08 6263 1110

Last updated 8th November 2019