Pantoro delivers maiden 310,000-ounce resource as Green Lantern shines
The resource, which is inclusive of a 110,000-ounce ore reserve, maintains the company’s strong momentum at the Norseman Gold JV Project with further upside potential.
Company
Pantoro Gold Ltd
ASX:PNR
Pantoro is focused on unlocking the full potential of its 100%-owned Norseman Gold Project. The Norseman Gold Project is located in the Eastern Goldfields of Western Australia, at the southern end of the highly productive Norseman-Wiluna greenstone belt, and is one of the highest-grade goldfields within the Yilgarn Craton.
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Pantoro’s broad shallow Halls Creek intersections confirm major PGE system
The company is set to begin a 2,500-metre drill program to follow up additional PGE targets identified along strike and to the west of the Edison prospect.
Pantoro to take cornerstone position in Maximus Resources
Pantoro will help Maximus grow the existing 112,000-ounce gold mineral resource in the near term and believes the project presents a compelling opportunity.
Pantoro drills deeper at Halls Creek’s Wagtail mine
The Australian gold explorer and producer continues to evolve assets across West Australia’s Goldfields region, with results from exploration at both the Halls Creek and Norseman projects tabled this week.
Pantoro confident Mainfield system will extend Norseman mine life with results of up to 5.7 metres at 35.85 g/t gold
Results suggest that high-grade mineral resources and ore reserves from Mainfield will be included in future optimisations of the phase one mine plan.
Pantoro higher on third gold discovery at Scotia Mining Centre following 12-hole drilling program
Initial drilling has only tested 150 metres along strike to date and is the only drilling to effectively test any of the potential eight kilometres of this stratigraphy to the southern extent of the company’s tenure in the Scotia area.
Pantoro confirms further high-grade results from Sailfish Prospect at Norseman Gold Project
Sailfish represents Pantoro’s first drilling prospect on Lake Cowan, and the results to date have demonstrated the huge potential to continue to uncover high-grade mineralisation throughout this under-explored area.
Pantoro extends Maybell Mining Centre at Norseman Gold Project with results up to 4.5 metres at 159 g/t
The aim of the drilling program was to convert existing inferred mineralisation to ore reserve status.
Pantoro deep drilling confirms high-grade gold mineralisation at Scotia within Norseman project
The drilling program has focused on infilling and expanding the existing mineral resource, for conversion to ore reserve status.
Pantoro completes $50 million sole funding obligation at Norseman Gold Project, moves to JV
"Deconstruction of the existing processing facility has commenced and we look forward to building the project during the next year while we continue to grow the resource base through substantial ongoing drilling programs,” says MD.
Pantoro's broad, high-grade gold assays from Green Lantern continue to shine light on Scotia Mining Centre
The deposit presents an extensive and expanding zone of near-surface gold mineralisation to the southeast of the existing Scotia open pit.
Pantoro sets stage for key year ahead on strong gold pipeline
Higher than expected production along with firm international gold prices helped the company record a free cash flow of $7.6 million last quarter from the Halls Creek Operations.
Pantoro awards key EPC contract to GR Engineering for processing facility at Norseman Gold Project
The contract, worth about $57 million, includes the crushing circuit associated with the plant and will be awarded as a guaranteed maximum price contract.
Pantoro drilling confirms ore-grade gold mineralisation at three new prospects
The company has continued to advance its growth strategy within its consolidated Halls Creek regional tenure, which now covers over 1,000 square kilometres and encompasses three of the five significant historical mining centres in the regio
Pantoro chairman demonstrates faith in gold strategy through on-market share purchase
The company is a gold producer with its Halls Creek project in the Kimberley region of WA and is building considerable resources at the 50%-owned Norseman Gold Project.
Pantoro's Sailfish Prospect on the fly as results further enhance Norseman Gold Project
The new results have provided sufficient additional data for Pantoro to undertake a more substantial program to further refine understanding of deposit geometry, structural and lithological controls during 2021.
Pantoro provides Halls Creek upside with two new high-grade gold lodes defined at Wagtail
Both lodes extend the mineralisation at the Wagtail Underground Mine and could potentially provide upside in the early stages of project development.
Pantoro hits up to 41 metres at 1.91 g/t gold at Green Lantern discovery of Norseman Project
The Green Lantern discovery lies around 270 metres to the southeast of the existing Scotia Pit and is open at depth and along strike to the north.
Pantoro DFS confirms robust economics for phase one Norseman restart
The project will have an average annual production of 108,000 ounces, peaking at 119,000 ounces in year two of production, with LOM average AISC of $1,292 per ounce.
Pantoro pleased with progress made across operations as Norseman Gold Project moves forward
The COVID-19 pandemic did not have any material impact on Halls Creek Project or Norseman Gold Project and the results, particularly in the second half of the year, have been pleasing.
Pantoro continues to replenish gold resource inventory at Halls Creek
Over five years of operation, ore reserves at Halls Creek inclusive of mine depletion have grown by over 400%, and this latest update sets the scene for continued growth into the future.
Pantoro's wide, high-grade drilling results confirm second ore-zone available for mining at Norseman Gold Project
Historically, the Norseman Gold Project areas have produced over 5.5 million ounces of gold since operations began in 1935, and is one of, if not the highest grade fields within the Yilgarn Craton.
Pantoro directors demonstrate faith in the company through SPP participation
Earlier in August, Pantoro received firm commitments from sophisticated and professional investors for a share placement to raise about $50 million.
Pantoro increases share purchase plan to $5.5 million after receiving strong interest from shareholders
The SPP, which closed on August 26 2020, received valid applications totalling around $7 million.
Pantoro set to boost Norseman gold bounty through new ore zone at Scotia Mining Centre
Scotia Mining Centre, around 25 kilometres south of Norseman, hosts a number of resource areas in close proximity and several zones where high-grade mineral occurrences have not yet been classified.
Pantoro launches $5 million share purchase plan to advance Norseman Gold Project
The company has already raised $50 million to accelerate exploration at the 50%-owned Norseman Gold Project in Western Australia.
Pantoro fields firm commitments for $50 million placement to advance Norseman Gold Project
The Norseman Gold Project is in the Eastern Goldfields of Western Australia, at the southern end of the highly productive Norseman-Wiluna greenstone belt.
Pantoro raising $55 million as it accelerates activities at Norseman Gold Project
Since acquiring a 50% in interest in the Norseman Gold Project in May 2019, the company has sole funded around $23 million of the first $50 million of project expenditure.
Pantoro adds to board skillset as it moves into next gold growth phase
A feasibility study for the Norseman JV Project is on track for completion at the end of the current quarter.
Pantoro encouraged by high-grade Maybell Mining Centre gold results at Norseman project
Drilling is ongoing with results to be compiled in an updated mineral resource estimate and mining study to be incorporated into a project-wide definitive feasibility study.
Pantoro at two-year high after extending Panda gold discovery at Norseman project
The Panda deposit is within the company’s Norseman Gold Project where the current mineral resource sits at 4.4 million ounces of gold.
Pantoro hits up to 8.1 metres at 67.29 g/t gold in maiden drilling at Sailfish prospect of Norseman
The initial eight diamond drill program at Sailfish prospect has returned high-grade results highlighting the growing potential of the Norseman project.
Pantoro has potential to generate strong low-risk cashflow from early Norseman production
A simple three to four-year commencement strategy will pave the way for a long-life operation at the Norseman Gold Project.
Pantoro's high-grade gold results extend depth of mineralisation at OK Underground Mine
The objective of the drill program is to extend the depth of defined mineralisation in the 02 Lode below the 22 Level and to infill Star of Erin Lode mineralisation.
Pantoro drill results confirm Scotia as key mining centre for Norseman restart
Deeper drilling at Scotia confirms the potential for high-grade underground mining following the initial open pit phase.
Pantoro confirms new high-grade gold discovery at Norseman with results of up to 5 metres at 24.84 g/t
Further drilling at Panda will be focused on targeting extensions to mineralisation along strike and down dip.
Pantoro infill drilling confirms multiple gold lodes at Princess Royal/Slippers deposit of Norseman project
The company is focused on establishing a clear production development plan for the Norseman Gold Project to support a restart of operations.
Pantoro non-executive director shows faith in gold strategy with on-market purchase
The company is encouraged by exploration successes at the Norseman Gold Project in Western Australia.
Pantoro receives high-grade gold results from drilling at Norseman's OK Underground Mine
The OK Underground mine comprises three developed lodes, the Main Lode, the O2 Lode and the Star of Erin Lode.
Pantoro bases staff in the Kimberley following COVID-19 travel restrictions
The company has activated its emergency contingency plan to protect staff, communities and the continuity of its operations in the Kimberley.
Pantoro in trading halt ahead of COVID-19 operational restrictions
In February the company received high-grade drilling results at the Norseman Gold Project which indicated possible extensions to deposits.
Pantoro director supports exploration strategy with on-market purchase
The company has five drill rigs in operation at its Norseman gold project in Western Australia.
Pantoro shareholder Robmar Investments Pty Ltd increases stake to 16.7%
The company has 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.
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 results point to high-grade extensions at Norseman Gold Project
Historically the existing open pits at Gladstone and Scotia were mined at average grades of greater than 4 g/t gold.
Pantoro strengthens board with appointment of new non-executive chairman
The company expects to begin mine planning and ore reserve definition for the Norseman project this quarter with the aim to establish a clear production development plan in support of producing 100,000 ounces per annum and eventually expand
Pantoro’s additional high-grade results from Norseman support near-term development
The Daisy South and Gladstone-Everlasting deposits are part of the Gladstone Mining Centre, one of the six key focus areas for Pantoro at Norseman.
Pantoro delivers high-grade gold results from Scotia deposit at Norseman Project
Drilling at Scotia is targeting infill and extension of the 413,000-ounce mineral resource to around 150 metres below surface.
Pantoro targets consistent and profitable production for 2020
The gold producer’s WA projects include its 100%-owned Halls Creek Project in the Kimberley Region and a 50% stake in the Norseman Project south of Kalgoorlie.
Pantoro drills extensions to Gladstone gold deposit at Norseman Project
Results feature 15 metres at 4.58 g/t gold at the Gladstone-Everlasting deposit, where drilling has been underway since September 2019.
Pantoro reveals outstanding drill results up to 94.2 g/t gold at Norseman Gold Project
Drilling of the initial production targets is expected to be completed during the first quarter of the 2020 calendar year and will be followed by mine design and approval processes.
Pantoro sets plan for Norseman processing infrastructure after engineering review
Results have been received from a processing plant options review and scoping estimate for the Norseman Gold Project.
Pantoro drilling highlights potential for a large gold system at Mary River Gold Project
Future drilling will be focused on extending the tested strike extent of mineralisation at the Reform mine.
Pantoro drills high-grade extensions of up to 88 g/t gold
The results make a bold statement for the growth potential of the Wagtail North underground gold mine.
Pantoro appoints Wayne Zekulich as non-executive director to assist Norseman gold development
The appointment will ensure development activities at Norseman are on track with two additional drill rigs, for a total of three, due to arrive on-site early this month.
Pantoro’s acquisition of Norseman Gold Project provides large-scale platform for growth
Pantoro’s finances are in good shape with a cash and gold balance of $56 million at the end of FY2019.
Pantoro begins Norseman Project drilling campaign returning up to 18.7 g/t gold
The Princess Royal ore system is about 8 kilometres NNE of Norseman in WA and forms part of the North Royal mining centre.
Pantoro completes transformative Central Norseman gold acquisition and starts work
Pantoro is focused on bringing multiple mining centres to mining ready status ahead of production activities to underwrite long-term viability.
Pantoro managing director accepts permanent role with company
Director employment agreements refreshed as Pantoro transitions into a mid-tier gold miner through acquiring 50% of the Norseman project.
Pantoro secures $43 million to acquire interest in 4.4-million ounce gold project
The project is considered to be highly prospective with discovery potential for multiple 1+ million ounce deposits.
Pantoro does transformational deal for 4.4-million ounce gold project
Shares are now in a trading halt to complete a fully underwritten $43 million placement.
Pantoro’s high-grade drilling demonstrates continued upside at Nicolsons Gold Mine in WA
As new drilling is in areas outside of the existing ore reserve estimate, the new results are expected to have a positive impact on the mineral resource and ore reserve update expected June 30, 2019.
Pantoro builds cash as production upgrade takes shape
Extensive development works are underway at the Wagtail North underground mine and at Wagtail South open pit.
Pantoro drill results extend high-grade gold to new depths at Nicolsons
Drill results featured 3.55 metres at 95.89 g/t gold including 1-metre at 317 g/t gold.
Pantoro upgrades Wagtail mineral resource and ore reserve as mine development continues
The update is based on drilling which showed high-grade continuity of gold mineralisation at Wagtail similar that seen in drilling and mining at the Nicolson’s mine.
Pantoro’s gold production at Halls Creek exceeds feasibility study target
Pantoro ended the December 2018 quarter with $20.8 million in cash and gold. The company remains debt free.
Pantoro hits more high-grade gold at Grants Creek and Nicolsons
The company has started modelling mineral resource estimates for the Perseverance and Star of Kimberley deposits.
Pantoro increases gold production at Halls Creek operations
December quarter production was up 33% while Pantoro is debt free and has $18.3 million cash and $2.5 million gold on hand.
Pantoro substantial holder Robmar Investments increases ownership to more than 20%
The company is pursuing prospective targets nearby to complement its Nicolsons operating mine and gold processing plant.
Pantoro drills high-grade gold at newly acquired Grants Creek
The first batch of results highlights the potential of the underexplored Halls Creek goldfields.
Pantoro shares Nicolsons Gold Project drilling highlights from Kimberley
The company reported encouraging results from follow up drilling at the Edison and Paddock Well deposits.
Pantoro directors increase their stake in the company
Pantoro is aiming to increase production activities to meet 80,000 gold ounces production target for 2019.
Pantoro invites shareholders to participate in raising capital of up to $16 million
After raising $13 million in a placement, eligible shareholders are able to take part in a share purchase plan.
Pantoro to raise up to $16 million from investors and shareholders
The debt-free company will direct the funds towards accelerating its efforts, exploration and working capital.
Pantoro enters trading halt ahead of capital raising
Pantoro is a low-cost gold producer with growth opportunities.
Pantoro eyes annualised production of 80,000 gold ounces in the first half of 2019
Production for the September 2018 quarter is expected to be 10,000 to 11,000 gold ounces.
Pantoro drills 31 metres of gold in maiden program at Mary River
The company’s Nicolson’s gold processing plant is the only one in the region.
Diggers and Dealers Mining Forum gold plays to make up 21% of presenters
A bevy of gold miners and developers will front Diggers audiences this week at the presenters’ podium.
Pantoro delivers 20% increase in gold reserve, lays platform for continued growth at Nicolsons
The company is well set to deliver its production growth target of 80,000 to 100,000 ounces per annum.
Pantoro on track to achieve gold production rate of up to 100,000 ounces per year
The June 2018 quarter was a defining period in the preparation for continued growth at Nicolsons.
Pantoro high-grade drill results bode well for mine life extension
The company believes drilling at Wagtail has only hit the tip of the iceberg.
Pantoro commissions new equipment to step up gold production at Nicolsons
The company is focussed on achieving production rates of 80,000-100,000 ounces per annum during the first quarter of calendar year 2019.
Pantoro has an upgraded gold resource as it prepares to ramp up mining and production
The ore sorter and all associated infrastructure are expected to be fully operational by the end of the month.
Pantoro has an upgraded gold resource as it prepares to ramp up mining and production
The ore sorter and all associated infrastructure are expected to be fully operational by the end of the month.
Pantoro has consistent strong gold production in March quarter
Gold production is set to continue growing towards 80-100,000 ounces per annum.
Pantoro extends gold mineralisation at Wagtail underground mine
“Fantastic results” have been returned from drilling targeting the Rowdies and Wagtail ore bodies.
Pantoro is a low-cost gold producer with plenty of growth opportunities
The company's AISC for the December quarter 2017 was $990 per ounce.
Pantoro debt-free after making early final repayment to CBA
Additional free cashflow of about $2.6 million per quarter at the current gold price.
Pantoro reveals high-grade gold depth extensions in drilling at Nicolsons
Deepest intersection received to date in the Anderson Lode at 130 metres below the current ore reserve.
Pantoro high-grade gold hits highlight regional potential of Nicolsons project
Drilling at the Western Reef target has returned up to 15.7 g/t gold.
Pantoro makes strategic move to expand portfolio in gold producing region
The company is consolidating prospects in the Halls Creek area of Western Australia.
Pantoro AISC below A$1000 ($US780) in another record breaking quarter of production
Productions costs are decreasing as Pantoro advances towards 100,000 ounces per annum.
Pantoro’s golden run sets new record
New initiatives are expected to continue the production improvements.
Pantoro bringing in new ore sorter to facilitate expansion of gold production
The ore sorter will facilitate growing gold production up to 100,000 ounces per annum.
Pantoro drills out an underground future at open-pit gold mine
Shares in Pantoro are trading up 7.8% intra-day to $0.205.
Pantoro records ninth consecutive quarter of record gold production
The company is financially secure with $14.6 million in cash and gold.
Pantoro snaps up asset with potential for high-grade gold ore feed
Pantoro has snapped up a new project for a minimal outlay.
Pantoro delivers gold production record while drilling reveals new high-grade zones
The Nicolsons project poured its first gold in September 2015.
Pantoro locks in Paul Cmrlec for a longer term as gold production ramps up
Pantoro is producing from the wholly-owned Nicolsons Gold Project.
Pantoro issues shares from in-the-money option conversion following re-rating
Pantoro has the potential to lift gold production to 100,000 per annum.