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Pantoro managing director acquires shares in on-market purchase

The purchase shows support in the company’s exploration strategy at the Norseman Gold Project in Western Australia.

Pantoro Ltd - Pantoro director acquires shares in on-market purchase
Cmrlec now has a total of 7,798,992 shares in the company

Pantoro Ltd (ASX:PNR) managing director Paul Cmrlec has increased his shareholding in the company with the purchase of 350,000 shares.

The shares were bought for a consideration of $25,200.00 with the on-market purchase bringing Cmrlec’s total securities to 7,798,992 shares.

Cmrlec also holds 1,500,000 options exercisable at 24 cents on or before 4 July 2022, and 1,500,000 options exercisable at 25 cents on or before 4 July 2022.

Norseman Project

Pantoro announced last month high-grade gold results in drilling of the Scotia, Daisy South and Gladstone-Everlasting prospects at Norseman Gold Project which indicate possible extensions to the deposits.

Currently there are five drill rigs in operation at Norseman - three on surface undertaking diamond and RC drilling programs focused on resource development; one undertaking exploration on Lake Cowan; and one underground at the OK mine.

These programs are expected to be completed during the March quarter with mineral resource estimates and ore reserve calculation to follow soon after.

Quick facts: Pantoro Ltd

Price: 0.205 AUD

ASX:PNR
Market: ASX
Market Cap: $241.07 m
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