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.