Projects – Pantoro Limited

Pantoro is an Australian based gold producer with operations in Western Australia and exploration projects in PNG.

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.

The Halls Creek Project includes the Nicolsons and Wagtail Mines, (35 km south west of Halls Creek) and a pipeline of exploration and development prospects located south-west of Halls Creek in the Kimberley Region of Western Australia including the Grants Creek and Mary River Projects.

Pantoro acquired the project during April 2014, and took possession of the site in May 2014 enacting its rapid development plan for the project. First production was achieved at Nicolsons in the September 2015 quarter. The mine was developed with a strategy to minimise pre-production capital and to aggressively grow production and the mine Mineral Resource base utilising early cashflows. The growth phase of the operation is now well underway.

The project currently has a stated Mineral Resource of 393,000 ounces of gold as of May 31 2018. The company continues to invest heavily in exploration, with high grade gold intersections returned over 400 m below surface.

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.

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.

Mary River

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.

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.

Gariana Project (Papua New Guinea)

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.