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.
Pantoro commenced construction and refurbishment works at Nicolsons during February 2015 and commenced production in Q3 2015. The Mineral Resource and Ore Reserves have been significantly upgraded since operations commenced, with both higher grades, and additional Ore Lodes identified during mining.
The company is currently producing gold at levels exceeding its feasibility study targets and has expanded to a production rate of 50-55,000 ounces per annum.
Pantoro is focused on continued growth of production and mine life through: