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Pantoro Limited Provides an Update of Project Construction and Mining Activities At the Norseman Project

2022-06-26 22:47:00

antoro Limited provided an update of project construction and mining activities at the Norseman Project (PNR 50%). Construction of the new one million tonne per annum processing plant has continued to progress as planneddespite numerous COVID-19 cases on site during the past quarter. Pantoro and GR Engineering site personnel have managed the challenges presented to date superbly, and completion is still expected during August, ahead of thecontracted completion date in September. The project has been aided by the early procurement of all processing plant components during the approvals process, both expediting construction times and insulating the company from the significant cost pressures now generally seen in the construction industry. Open Pit Mining; Hampton Mining & Civil have successfully ramped up operations at the Scotia Mining Centre with clearing and other preparation works completed and primary mining activities well underway. Large scale grade control drilling programs are also ongoing at Green Lantern. Results to date have validated the Mineral Resource model with multiple zones of thick and often high grade mineralisation noted. In addition to mining operations being underway, Pantoro has continued to drill out the Green Lantern stage two mineralisation. An updated Mineral Resource and Ore Reserve is expected to be completed in the coming weeks. Underground Mining; WestAuz Mining has commenced underground works, re-establishing services and preparing for the imminent commencement of concurrent decline rehabilitation and ore development. Ore development will commence this week, with three development jumbos to be active in the mine by August 2022.

Pantoro Limited Provides an Update on the PGE Potential on Its Tenure in the Norseman Region

2022-06-01 23:41:00

Pantoro Limited provide an update on the PGE potential on its tenure in the Norseman region. The recent success of Galileo Mining Ltd. in identifying PGE mineralisation in the Mt Thirsty Sill adjacent to the Norseman Gold Project has highlighted the regional potential. Within Pantoro's Norseman tenure, work was previously undertaken by Nickel Australia Ltd. in 2005 and 2006 on a prospect called Monarch. The Monarch prospect is located on the Mission Sill ultramafic on granted mining leases. Exploration work undertaken included geophysics and drilling programmes. Shallow aircore drilling returned significant PGE anomalism and shallow high grade PGE mineralisation with results including: 27.0 m @ 2.01 g/t (3E)* (1.54 g/t Pd, 0.41 g/t Pt, 0.05 g/t Au, 0.13% Ni and 0.10% Cu) from 28.0 m. including 10 m @ 3.19 g/t (3E) (2.48 g/t Pd, 0.65 g/t Pt, 0.06 g/t Au, 0.11% Ni and 0.12% Cu) from 39 m. 17.0 m @ 1.62 g/t (3E) (1.24 g/t Pd, 0.35 g/t Pt, 0.03 g/t Au, 0.11% Ni and 0.02% Cu) from 33.0 m. including 5 m @ 4.00 g/t (3E) (3.08 g/t Pd, 0.88 g/t Pt, 0.09 g/t Au, 0.09% Ni and 0.03% Cu) from 33.0 m. Pantoro is the manager of the Norseman Joint Venture which includes a 50% interest in precious metals (gold, silver, and PGE's), base metals (nickel, copper, lead, and zinc) and battery minerals. Following acquisition and assumption of management of the Norseman Project in 2019, Pantoro implemented a clear strategy for the development of the gold assets and has rapidly executed its development plan with construction due for completion in Third Quarter 2022. Contemporaneously, Pantoro undertook a detailed review of all mineral opportunities within its asset base at the project. This work included an immediate on ground lithium assessment at Buldania which led to discovery of high grade outcropping mineralisation, and ultimately the highly accretive farm in and joint venture agreement with Mineral Resources Limited. To date, approximately 8,000 metres of drilling have been completed with results pending. Nickel Australia Ltd. conducted nickel based exploration under a Nickel Rights Agreement with the previous owners of the Norseman Gold Project commencing in 2003. Work on the PGE prospect at Monarch was undertaken in 2005/2006. Work included initial aircore reconnaissance followed by ground based electromagnetic surveys and diamond drilling. The Monarch Prospect is a layered mafic-ultramafic package. PGE mineralisation is hosted within a nickel depleted unit that forms part of this ultramafic package located on its eastern margin. The entire package is interrupted by cross-cutting faults likely related to the larger Mission Fault . Aircore drilling identified zones of anomalous PGE mineralisation including the high grade hits over two southern reconnaissance lines returning results of: 27.0 m @ 2.01 g/t (3E)* (1.54 g/t Pd, 0.41 g/t Pt, 0.05 g/t Au, 0.13% Ni and 0.10% Cu) from 28.0 m. including 10 m @ 3.19 g/t (3E) (2.48 g/t Pd, 0.65 g/t Pt, 0.06 g/t Au, 0.11% Ni and 0.12% Cu) from 39 m. 17.0 m @ 1.62 g/t (3E) (1.24 g/t Pd, 0.35 g/t Pt, 0.03 g/t Au, 0.11% Ni and 0.02% Cu) from 33.0 m. including 5m @ 4.00 g/t (3E) (3.08 g/t Pd, 0.88 g/t Pt, 0.09 g/t Au, 0.09% Ni and 0.03% Cu) from 33.0 m. 3 m @ 1.09 g/t (3E) (0.69 g/t Pd, 0.39 g/t Pt, 0.02 g/t Au, 0.21% Ni and 0.04% Cu) from 67 m. including 1 m @ 1.91 g/t (3E) (1.18 g/t Pd, 0.70 g/t Pt, 0.03 g/t Au, 0.20% Ni and 0.05% Cu) from 68 m. 4 m @ 0.94 g/t (3E) (0.79 g/t Pd, 0.10 g/t Pt, 0.06 g/t Au, 0.18% Ni and 0.12% Cu) from 50 m. including 1 m @ 1.25 g/t (3E) (1.05 g/t Pd, 0.12 g/t Pt, 0.08 g/t Au, 0.19% Ni and 0.14% Cu) from 50 m. Deep diamond drilling was completed beneath these hits, however a review of the ground based EM indicates shallow dipping conductors, which is consistent with the mineralised setting presented in the recent Galileo Mining drilling and suggests that this deeper drilling beneath the high grade results may have been ineffective. The prospect is considered to be open with shallow aircore drilling unlikely to have intersected a shallow plunging mineralised zone in either direction. Nickel Australia reports suggest that there are a number of additional EM targets which remain untested. Only palladium and platinum were assayed for whilst other PGEs including rhodium were not assayed as part of the Nickel Australia work.

Pantoro Limited Announces 20,000 M Drill Programme Commences at Lamboo PGE Project

2022-04-13 01:00:00

Pantoro Limited announced that drilling at the Lamboo PGE Project has commenced for the 2022 field season. Drilling completed in 2021, prior to the wet season, identified large zones of PGE and nickel mineralisation within the basal contact zone of the Lamboo Ultramafic sequence. Over 20 kilometres of the prospective basal contact zone exists on the tenements. Holes previously reported during 2021 returned encouraging nickel assays. Full results including Pt+Pd+Au (3E), nickel and cobalt grades include: 100 m @ 1.10 g/t Pt+Pd+Au (3E); 0.38% Ni and 0.022% Co from surface inc. 66 m @1.34 g/t Pt+Pd+Au (3E), 0.44% Ni and 0.026% Co from surface. 46 m @ 1.11 g/t Pt+Pd+Au (3E), 0.40% Ni and 0.024% Co from surface. 22 m @ 1.11 g/t Pt+Pd+Au (3E), 0.60% Ni and 0.052% Co from surface. 31 m @ 0.90 g/t Pt+Pd+Au (3E), 0.34% Ni and 0.020% Co from 36 m. 30 m @ 1.02 g/t Pt+Pd+Au (3E), 0.54% Ni and 0.033% Co from 3 m. 29 m @ 0.74 g/t Pt+Pd+Au (3E), 0.20% Ni and 0.013% Co from 60 m. 22 m @ 0.74 g/t Pt+Pd+Au (3E), 0.25% Ni and 0.014% Co from 15 m. 5 m @ 1.87 g/t Pt+ Pd+Au (3E), 0.20% Ni and 0.012% Co from 153 m. 4 m @ 1.75 g/t Pt+Pd+Au (3E), 0.20% Ni and 0.013% Co from 99 m. 38 m @ 0.61 g/t Pt+Pd+Au (3E), 0.21% Ni and 0.012% Co from 59 m. Lamboo PGEs: The PGE potential at Lamboo was initially identified in 2006. PGE mineralisation was intersected in a number of locations from limited drill testing over a small area of the basal portion within the folded Lamboo ultramafic complex. Since this time, Pantoro has undertaken significant work which has concluded that the basal contact over very wide zones is unusually enriched in PGEs, and that there is the potential for large, bulk tonnage styles of PGE mineralisation. This style distinguishes Lamboo from other PGE discoveries within the region and WA as the mineralisation occurs over very wide zones from surface. Exploration Targets, Exploration Results: The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr. Scott Huffadine, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr. Huffadine is a director and full time employee of the company. Mr. Huffadine is eligible to participate in short and long term incentive plans of and holds shares and options in the Company. Mr. Huffadine has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the `Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Huffadine consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Previous Pantoro Drilling Results: The information is extracted from the reports entitled `Lamboo PGE deposit continues to grow ahead of planned 2022 drill campaign created on 1 March 2022, 'Significant Lamboo PGE strike extension' created on 10 January 2022, Drilling Confirms Large Scale Lamboo PGE Deposit created on 15 November 2021 and `Wide Drill Hits Confirm Major PGE System at Halls Creek created on 6 September 2021. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements.

Pantoro Limited Announces an Update to the Mineral Resource Estimates and Ore Reserve At the Scotia Deposit

2022-04-04 22:22:00

Pantoro Limited announced an update to the Mineral Resource Estimates and Ore Reserve at the Scotia deposit, which forms part of the Scotia Mining Centre at the Norseman Gold Project (PNR: 50%). Key Highlights: Increases in the Ore Reserve and Life of Mine Plan at Norseman will directly contribute to further mine life extension at Norseman. The Norseman Project Ore Reserve now stands at 12.9 Mt @ 2.2 g/t for 900,000 ounces, an increase of 49% since the October 2020 Definitive Feasibility Study (DFS). Scotia Mining Centre: Latest drill program focussedon Scotia Deeps, resulting in a 776% upgrade in the Scotia Underground Ore Reserve since completion of the DFS in October 2020. The Scotia Underground Ore Reserve now stands at 1.26 Mt @ 4.5g/t for 184,000 ounces. Current Life of Mine plan for the Scotia Underground mine, inclusive of blocks in the Inferred Mineral Resource category now stands at 1.44 Mt @ 5.1 g/t for 214,000 ounces. Mineralisation remains open in all directions. The total Scotia Mining Centre Mineral Resource now stands at 12.4 Mt @ 2.3 g/t for 906,000 ounces, a 119% increase since Pantoro acquired the project in July 2019. Mineral resources are well drilled with 70% of the Mineral Resource inventory in the Indicated category. The Scotia Deposit remains open to the north and at depth with no known geological features that could cause the orebody to terminate. Drilling along strike is ongoing. Mainfield: Additional work including verification of existing drill core and Mineral Resource modelling at the O'Brien's deposit has been completed. The O'Brien's deposit is due west of the Bullen underground mine with underground access substantially completed during previous operations. Development of O'Brien's will provide good access for drilling platforms for the high grade Crown Reef in the Mainfield. An updated O'Brien's Mineral Resource Estimate at Mainfield of 0.13 Mt @ 9.5 g/t Au for 40,000 ounces. O'Brien's Underground Reserve stands at 0.13 Mt @ 5.0 g/t Au for 21,000 ounces. Scotia: The Scotia gold deposit is located approximately 25 kilometres south of Norseman and was discovered in 1893, seven months after the original find at the Maybell deposit in the Dundas field. The historic production recorded from the Scotia mine from Central Norseman Gold Corporation production via open pit and underground mining between 1987 and 1996, was 811,000 tonnes @ 5.9 g/t Au for 155,000 ounces. The Scotia Deposit is a key part of the Phase One DFS completed in October 2020, and since that time Pantoro has completed an extensive infill and extensional drilling program. During 2021 and into early 2022 an additional 55,647 metres of drilling from 91 reverse circulation and 85 diamond core drill holes has been completed. Drilling during 2021/2022 has targeted the underground mineral resources at the Scotia deposit. The current drilling which is designed to achieve spacing suitable for Ore Reserve calculation (nominally 30 m x 30 m), has continued to increase resource confidence, infilling multiple lodes and further refining understanding of the controls on mineralisation. The Scotia Deposit is the key ore source within the Scotia Mining Centre. The Scotia Mining centre includes several Mineral Resource areas and a number of additional zones with mineralisation not yet classified as Mineral Resources. Ongoing growth within the Scotia Mining Centre is considered highly likely with drilling ongoing. O'Brien's: The O'Brien's deposit is located approximately 200 metres west and 160 metres below the Bullen West orebody within the Bullen Underground Mine. O'Brien's sits approximately 500 metres below surface in virgin ground. The O'Brien's Lode, was first identified in the 1950's by Norseman Gold Mines (NGM). The O'Brien's Mineral Resource estimate was re-evaluated using 13,729 metres of historical diamond drilling from 51 drill holes with a visual review of available core conducted on 14 holes from 45 holes physically verified. The Mineral Resource estimate is defined over an approximate down-dip extent of 330 metres, and is dipping 30 degrees to the east with a strike length of 460 metres. Extensions to the orebody through additional drilling are considered likely.

Pantoro Limited Provides Update on High Grade Drilling Results to the South of the Green Lantern Mineral Resource

2021-12-07 21:19:00

Pantoro Limited (Pantoro) provided a further update on high grade drilling results from recent step out drilling 300 metres to the South of the Green Lantern Mineral Resource and the ongoing Scotia Deeps expansion drilling program at the Norseman Gold Project (PNR 50%). The drilling is focussed on extending the known mineralisation and converting current Inferred and Unclassified material to Indicated Mineral Resource and Probable Ore Reserves. As previously advised, a detailed drone magnetic survey has now been completed over the entire Scotia Mining Centre. The survey has generated a number of additional drill targets, including the continuation of the Green Lantern mineralisation along strike to the south of the current Mineral Resource. A step out line 300 metres to the south of the current Green Lantern Open Pit shell has returned high grade intercepts consistent with those seen in the existing Green Lantern deposit. Results returned on this line in two holes were: 3 m @ 11.58 g/t Au from 61.0 m. 2 m @ 4.19 g/t Au from 16.0 m. 10 m @ 2.62 g/t Au from 94.0 m inc. 2 m @ 9.97 g/t Au from 99.0 m. Infill drilling continues in the Inferred areas of the existing Green Lantern Mineral Resource. Results have continued to meet model expectations, and are included in the table of assays. The Scotia Orebody presents an outstanding high grade underground opportunity which is currently open in all directions below the planned open pit, and has potential to be substantially larger than the currently defined mine plan. Additional high grade underground ounces will directly extend mine life and potentially increase annual gold production. The Scotia mining centre is located approximately 25km south of Norseman and was discovered in 1893. The historic production recorded from the Scotia mine via open pit and underground mining was 811,000 tonnes @ 5.9 g/t Au for 155,000 ounces. Scotia was actively mined from 1987 until 1996. Scotia hosts a number of Mineral Resource areas in close proximity, and several zones where high grade mineral occurrences have not yet been classified. Pantoro has been very successful in demonstrating the value of the Scotia Mining Centre, with a current Mineral Resource of 10,618,000 tonnes @ 2.2 g/t Au for 753,000 ounces and Ore Reserve of 4,216,000 tonnes @ 2.2 g/t Au for 298,000 ounces. The mineralisation at Scotia is hosted by a shear zone that transects the Woolyeenyer Formation. The geological environment differs from that at Norseman, in that the stratigraphy has been subjected to higher metamorphic grades. Primary gold is located in shear zones with quartz sulphide veins predominantly pyrrhotite and is structurally controlled by closely spaced brittle faults of varying orientations.

Pantoro Limited Provides Drilling Update

2021-12-01 22:39:00

Pantoro Limited advised that it has the results of initial TIMA, Scanning Electron Microscopy (SEM), on diamond core samples from the Lamboo PGE prospect at its Halls Creek Project (PNR 100%). The work was conducted by specialist group, Automated Mineralogy Incubator (AMI), at their Bentley laboratory in Perth. The work has successfully identified the occurrence and mineralogical association for a number of platinum group metals (PGM) and gold. The samples were all of oxide and transitional material. Fresh ore diamond core samples were not available for this work but fresh ore samples will be included in future geo-metallurgy studies. The key aspect of this work was aimed at identifying minerals of the PGM group at a high resolution using the TIMA instruments bright phase tool, which allows the reflectance of these minerals by electron backscatter. The most common platinum group minerals found were, palladium, as native palladium, often with Fe and Cu; or as (Sb-Te)-palladinite, platinum and irarsite-ruarsite (iridium+rhodium and ruthenium sulphides). This geo-metallurgical work is preliminary in nature, and represents the first stage of Pantoro's systematic approach to characterisation of the PGM material to guide future metallurgical test work programs.

Pantoro Limited Announces Lamboo PGE Drilling to Continue

2021-11-22 01:56:00

Pantoro Limited announced that it has been successful in securing an RC drill rig to continue drilling its Lamboo PGE discovery at the Halls Creek project (PNR 100%). Pantoro previously advised that there would be no further drilling until after the wet season, however a rig and crew were identified in the region. Drilling commenced during the last weekend, and is intended to continue for as long as weather conditions allow in the lead up to the regular wet season rainfall. Additional drill assays will be reported as they become available. In addition, multi element assays, and mineralogical study work are underway. Multi-element assays are expected to identify potentially economic metals in addition to platinum, palladium, and gold.

Pantoro Limited Announces Drilling Confirmation Large Scale Lamboo PGE Deposit

2021-11-14 21:41:00

Pantoro Limited is pleased to advise that it has completed its maiden step out drill program on the prospective Lamboo ultramafic basal contact at the Halls Creek Project (PNR 100%), with outstanding platinum group element (PGE) results returned. Highlights: New drilling has defined a further 1.2 kilometres of PGE mineralisation on the basal contact of the West Limb and Southern Ore Zone. All areas drilled to date remain open in all directions; Over 1.5 kilometres in total mineralised strike now drilled and defined out of a potential 20 kilometres basal contact target; Wide consistent mineralised PGE zone defined from surface to over 150 metres vertical and remains open; New results which include a significant palladium component include: · 100 m @ 1.10 g/t Pt +Pd +Au (3E) from surface inc. 66 m @ 1.34 g/t Pt +Pd +Au (3E) from surface, 120 m @ 0.96 g/t Pt +Pd +Au (3E) from surface inc. 31 m @ 1.24 g/t Pt +Pd +Au(3E) from 89 metres, 118 m @ 0.90 g/t Pt +Pd +Au (3E) from surface inc. 46 m @ 0.98 g/t Pt +Pd +Au(3E) from 10 metres, 46 m @ 1.11 g/t Pt +Pd +Au (3E) from surface, 22 m @ 1.11 g/t Pt +Pd +Au (3E) from surface, 31 m @ 0.90 g/t Pt +Pd +Au (3E) from 36 metres, 37 m @ 0.90 g/t Pt +Pd +Au (3E) from 14 metres, 71 m @ 0.59 g/t Pt +Pd +Au (3E) from 120 metres, 90 m @ 0.69 g/t Pt + Pd + Au (3E) from surface inc. 24 m @ 0.99 g/t Pt +Pd +Au (3E) from surface; The Lamboo PGE Deposit, located approximately five kilometres south of the Nicolsons Gold Mine contains approximately 20 kilometres of the prospective basal contact, with only a small proportion evaluated by recent and historic drilling. Surface sampling is planned during the current wet season to assist with drill targeting; and initial on ground reconnaissance fieldwork is also being undertaken to advance the significant PGE potential hosted within Pantoro's 100% owned 1,000 km2 Halls Creek Project tenement package.

Pantoro Limited Confirms Its Receive All Approvals Required for Construction of the Processing Plant at the Norseman Gold Project

2021-10-12 22:32:00

Pantoro Limited confirmed that it has now received all approvals required for construction of the Processing Plant at the Norseman Gold Project (PNR: 50%). Construction has commenced with the following highlights: Processing plant constructor GR Engineering has substantially mobilized to site with work underway. The old processing plant demolition and site clean-up has been completed with the site prepared for immediate construction. The new accommodation village is operational with construction personnel being housed in the new facility. Site civil and earthworks are underway.Approximately 65,000 tonnes of gold bearing ore was recovered from the foundations of the old processing plant and is immediately available for processing plant start up.

Pantoro Limited, Annual General Meeting, Nov 17, 2021

2021-10-11 01:39:00

Pantoro Limited, Annual General Meeting, Nov 17, 2021, at 10:00 W. Australia Standard Time. Location: The Country Women's Association 1176 Hay Street West Perth Western Australia Australia Agenda: To consider adoption of remuneration report for the year ended June 30, 2021; to re-elect directors; to consider Grant of Options to related party, Mr Paul Cmrlec, Mr Scott Huffadine; to consider increase of Non-Executive Director fee pool; to consider ratification of prior grant of Options; to consider approval of Director Salary Sacrifice Plan; and to consider other matters.

Pantoro Limited Announces Norseman Gold Project Approvals Update

2021-10-05 02:57:00

Pantoro Limited provided an update on the Norseman Gold Project (Pantoro 50%) approvals process. The Norseman Gold Project was referred to the Environmental Protection Agency (EPA) by a third party in March 2021. On 20 September 2021, the EPA published its decision not to assess the Norseman Gold Project. The EPA appeals period for that decision has now expired and the EPA Office of the Appeals Convener has advised no appeals have been received. The EPA assessment process has now closed. The Mining Proposal submitted to the Department of Industry and Regulation (DMIRS) was approved by DMIRS on 29 September 2021. Draft licence conditions for the Works Approval submitted to the Department of Water and Environmental Regulation (DWER) have been received. Pantoro is not aware of any factors which would prevent issue of the final licence in the very near term. No other approvals are required for the commencement of construction. GR Engineering has confirmed that they are ready for immediate mobilisation to site, with some pre-works personnel already in Norseman.

Pantoro Limited Provides Further High Grade Drilling Results from the Scotia Deeps Program Currently Underway At the Norseman Gold Project

2021-10-03 21:22:00

Pantoro Limited provide further high grade drilling results from the Scotia Deeps program currently underway at the Norseman Gold Project (PNR: 50%). The program is designed to extend known mineralisation and convert current Inferred and unclassified material to Indicated Mineral Resource and Probable Ore Reserve. Drilling has been ongoing at Scotia Deeps throughout Pantoro's drilling campaign over the past 18 months. Whilethe current Phase One Mine Plan only includes modest underground Ore Reserves from Scotia, Pantoro believes that the Scotia Orebody presents an outstanding high grade underground opportunity which can be substantially larger than currently defined. Additional high grade underground ounces would facilitate further improvement of the robust outcomes of the Phase One Mine Plan, potentially extending mine life and increasing annual gold production. Drilling results received from Scotia Deeps since announcement of the maiden Ore Reserve in October 2020. Pantoro anticipates completion of the current phase of drilling during the December 2021 quarter, and intends to re-estimate Mineral Resources and Ore Reserves during the March 2022 quarter. Additional phases of drilling are expected to be ongoing at the Scotia Mining Centre for the foreseeable future. The Scotia Mining Centre is located approximately 25 km south of Norseman and was discovered in 1893. The historic production recorded from the Scotia mine via open pit and underground mining was 811,000 tonnes @ 5.9 g/t Au for 155,000 ounces. Scotia was actively mined from 1987 until 1996. The mineralisation at Scotia is hosted by a shear zone that transects the Woolyeenyer Formation. The geological environment differs from that at Norseman, in that the stratigraphy has been subjected to higher metamorphic grades. Primary gold is located in shear zones with quartz sulphide veins predominantly pyrrhotite and is structurallycontrolled by closely spaced brittle faults of varying orientations.

Pantoro Limited Provide Its Annual Mineral Resource and Ore Reserve Statement

2021-09-23 03:07:00

Pantoro Limited provide its annual Mineral Resource and Ore Reserve statement. The total Mineral Resource has increased by 6% after mining depletion. The total Ore Reserve has increased by 9% after mining depletion. Growth has been achieved by exploration and resource development drilling at both the Norseman Gold Project (PNR 50%) and the Halls Creek Project (PNR 100%). The main driver to growth has been the additional drilling activity at the Scotia Mining Centre at the Norseman Gold Project. The Green Lantern deposit at the Scotia Mining Centre has advanced from discovery to maiden Mineral Resource and Ore Reserve in thirteen months. In addition, drilling within the Scotia orebody within the current open pit design has converted a portion of the previously Inferred Mineral Resource to Indicated Mineral Resource and Probable Ore Reserve. Halls Creek has continued to produce in line with guidance and ongoing drilling at the Wagtail Underground Mine has seen the Mineral Resource maintained year on year after mining depletion. The Mineral Resource for the Norseman Gold Project has increased by 7% since the last public report. Significant exploration focus was placed on the Scotia Mining Centre following the discovery of the Green Lantern deposit located immediately to the south east of the existing Scotia open pits. Additionally, Pantoro has focused on increasing drill density at the Scotia deposit which has contributed to an increase in the Indicated Mineral Resource category within the proposed Scotia Open Pit design. The results returned from the Scotia Mining Centre are pleasing and provide confidence in the opportunity to continue to grow the Mineral Resource inventory at the Norseman Gold Project. The Mineral Resource for the Halls Creek Project has been substantially maintained year on year with a small decrease of 2.7% since the last reporting period. Significant extensional drilling was undertaken at the Wagtail Underground Mine during the year. Drilling was focused on the REV and Wagon lodes which have both added significantly to the overall Mineral Resource inventory. Additional drilling was also undertaken in the Wagtail North lodes and in unmined areas within Nicolsons Mine. Mine development during the period was primarily focused on the Rowdies, Rev and Wagon Lodes at the Wagtail Mine during the period. Minimal development was undertaken at the Nicolsons Underground Mine during the period with the bulk of production being sourced from the fully developed Johnston Lode. Extensional drilling is continuing at the Nicolsons Underground Mine and development has now recommenced to access ore on the 1880 level of the Anderson Lode (current base of development is the 1895 Level). Underground decline development to access the Wagtail South orebodies is underway to establish an additional mining front. Once accessed, drilling is planned from a number of underground drill platforms at Wagtail South to infill the current Mineral Resource and to evaluate likely extensions. The Ore Reserve for the Norseman Gold Project has increased by 18% since the October 2020 Ore Reserve statement. The primary source of Ore Reserve increase was the addition of the Green Lantern open pit. Optimisations defined an open pit Ore Reserve of 110,000 ounces utilising an AUD 2,400 gold price. Green Lantern is expected to be a significant contributor to the Norseman operations once incorporated into the mine plan. In addition to Green Lantern, drilling within the proposed Scotia open pit design converted 7,500 ounces from the Inferred to the Indicated Mineral Resource category resulting in a commensurate increase in the Probable Ore Reserve. Resource definition drilling is continuing at the Norseman Gold Project and ongoing drilling is focused on further Ore Reserve increases during the FY22 period. The total Ore Reserve for the Halls Creek Project has decreased by approximately 11,000 ounces during the period. The main source of depletion was mining of the high grade Johnston lode at the Nicolsons Underground Mine which was fully developed at the date of the last Ore Reserve update. Significant extensional drilling was undertaken at the Wagtail Underground Mine during the year, which focused on the high grade REV and Wagon Lodes. These lodes have been extensively developed during the period. Capital development to access the Wagtail South Ore Reserve is underway. The Wagtail Undeground Mine remains the primary focus for Ore Reserve growth at Halls Creek. Underground drilling is planned to continue throughout the coming year, and will be focused on depth extensions on all known Lodes at Wagtail. All lodes are considered open at depth with the current Mineral Resource only 350 metres below surface. For comparison, the Nicolsons Mineral Resource extends some 500 metres below surface. Extensional drilling is continuing at Nicolsons, and underground development has now recommenced to access the lowest portion of the current Ore Reserve on the 1880 level of the Anderson Lode.

Pantoro Limited Announces Maiden Mineral Resource Estimate and Ore Reserve at the Green Lantern Deposit, Part of the Scotia Mining Centre at the Norseman Gold Project

2021-09-12 22:40:00

Pantoro Limited announced its maiden Mineral Resource Estimate and Ore Reserve at the Green Lantern Deposit, part of the Scotia Mining Centre at the Norseman Gold Project (PNR: 50%). Maiden Mineral Resource Estimate (MRE) of 6.8 Mt @ 1.4 g/t Au for 310,000 ounces. Current Life of Mine plan includes 1.95 Mt @ 1.7 g/t of run of mine ore and an additional 1.32 Mt @ 0.8 g/t of low grade ore. The Life of Mine plan is inclusive of Inferred Mineral Resources occurring within the pit shell. Maiden Ore Reserve of 2.65 Mt @ 1.3 g/t Au for 110,000 ounces @ a 0.6 g/t cut-off grade. Green Lantern adds 18% to the Global Ore Reserve and substantially increases mine life. Low Strip Ratio of 7:1. Discovery Cost of $14.40 per Ounce from 37,700 metres of drilling. Mineral Resource remains open to south and at depth with no known geological features that could cause the orebody to terminate. Additional drilling to expand the Mineral Resource and convert Inferred material into Indicated Mineral Resourc and Ore Reserve is ongoing. Ongoing drilling continues to impress with new results including: 5 m @ 6.48 g/t Au from 107 m. 4 m @ 7.16 g/t Au from 115 m. 8 m @ 10.42 g/t Au from 41 m inc. 2 m @ 35.73 g/t Au from 46 m. 9 m @ 3.05 g/t Au from 93 m. 20 m @ 2.06 g/t Au from 42 m. 6 m @ 3.35 g/t Au from 76 m. 4 m @ 5.02 g/t Au from 107 m. 3 m @ 9.52 g/t Au from 54 m. Green Lantern lies approximately 270 metres to the South East of the Scotia Open Pit, and is open at depth and along strike to the South. The southernmost drill line completed to date is typical of the Green Lantern deposit generally with no indication that the system is weakening along strike. The current drilling which is designed to achieve spacing suitable for Ore Reserve calculation (nominally 25 m x 25 m), has continued to increase resource confidence, infilling multiple lodes and further refining understanding of the controls on mineralisation. The Green Lantern Mineral Resource estimate incorporates the previously reported Lady Eleanor Mineral Resource, and is reported to the 160 mRL (nominally 150 metres below topographic surface). Drilling results to date present multiple opportunities for further definition of high grade underground resources at depth, however underground modelling has not yet been undertaken. The initial open pit optimisation for Green Lantern identifies an open pit with strike length of approximately 850 metres, and a stripping ratio of 7:1. The total life of mine plan (inclusive of inferred material) includes 1.95 Mt @ 1.7 g/t of run of mine material, and an additional 1.32 Mt @ 0.8 g/t of low-grade ore to be initially stockpiled and blended as required. The total life of mine plan includes 3.27 Mt @ 1.4g/t for 143,000 ounces Au. The Ore Reserve consists of 2.65 Mt @ 1.3 g/t for 110,000 ounces Au of run of mine material, and in addition, the Life of Mine Plan incorporates 620 Kt @ 1.6 g/t for 32,000 ounces of Mineral Resources in the Inferred category*. The Ore Reserve can be economically mined in the identified open pit shell without inclusion of the Inferred Mineral Resources. The Scotia Mining Centre is located approximately 25 km south of Norseman and was discovered in 1893. The historic production recorded from the Scotia mine via open pit and underground mining was 811,000 tonnes @ 5.9 g/t Au for 155,000 ounces. Scotia was actively mined from 1987 until 1996. The Scotia Mining Centre hosts a number of Mineral Resource areas in close proximity, including the dominant Scotia Mineral Resource and smaller satellite Resources at Lady Eleanor, Free Gift and Panda. The area also includes the recent Green Lantern discovery, which not yet been classified within the existing Mineral Resource. Prior to this release, the Mineral Resource at the Scotia Mining Centre was estimated to contain 4.15 Mt @ 3.45 g/t Au for 460,000 ounces. The inclusion of Green Lantern has increased the Scotia Mineral Resource to 10.6 Mt @ 2.2 g/t Au for 751,000 ounces Au.

Pantoro Limited Announces Wide Drill Hits Confirm Major Pge System At Halls Creek

2021-09-05 22:43:00

Pantoro Limited advises that ongoing exploration and reprocessing of samples previously only assayed for gold at Halls Creek has identified a large platinum group element (PGE) system within its 100% owned 1,000 km2 Halls Creek tenement package.Significant intersections include 31 m @ 2.42 g/t Pt +Pd +Au (3E) from surface, 38 m @ 2.34 g/t Pt +Pd +Au (3E) from 1 m,26 m @ 1.42 g/t Pt +Pd +Au (3E) from 9 m, 34 m @ 2.02 g/t Pt +Pd +Au (3E) from surface, 40 m @ 0.98 g/t Pt +Pd +Au (3E) from surface, 15 m @ 0.93g/t Pt +Pd +Au (3E) from 62 m, 41 m @ 1.68 g/t Pt +Pd +Au (3E) from 1 m, 16 m @ 0.93 g/t Pt +Pd +Au (3E) from 44 m, 39.4 m @ 1.54 g/t Pt +Pd +Au (3E) from 8.4 m inc. 24.7 m @ 1.80 g/t Pt +Pd +Au from 9.4 m, 16 m @ 0.92 g/t Pt +Pd +Au (3E) from 54 m, 32 m @ 0.90 g/t Pt +Pd +Au (3E) from 14 m, 50 m @ 1.37 g/t Pt +Pd +Au (3E) from 11 m, 30 m @ 1.56 g/t Pt +Pd +Au (3E) from surface. PGEs were identified by previous explorers in the region, and Pantoro has continued to assess the potential following confirmation of PGE mineralisation while exploring for gold at the Edison prospect hosted within the Lamboo ultramafic complex.

Pantoro Limited Announces Change of Registered Office and Principal Place of Business

2021-08-19 08:17:00

Pantoro Limited advised that its registered office and principal place of business has changed to: Level 2, 46 Ventnor Ave, West Perth WA 6005.

Pantoro Limited Announces Changes in Registered Office and Principal Place of Business

2021-08-19 08:17:00

Pantoro Limited announced that its registered office and principal place of business has changed to, Office Address: Level 2, 46 Ventnor Ave, West Perth WA 6005. Mailing Address: PO Box 1353, West Perth WA 6872.

Pantoro Limited Announces Drilling at Wagtail Confirms High Grade Depth Extensions

2021-08-02 22:59:00

Pantoro Limited advised that ongoing extensional drilling below the current Wagtail underground development at the Halls Creek Project continues to return multiple, high grade intersections. Mineralisation has been intersected from the current development levels to 120 vertical metres below the deepest level at Wagtail. Mineralisation has intersected a number of the lode positions confirming the continuity of high grade gold down dip of the lodes currently being mined. Significant intersections include: 6.34 m @ 28.2 g/t Au. 1.45 m @ 60.9 g/t Au. 1.98 m @ 35.9 g/t Au. 3.42 m @ 32.1 g/t Au. 1.89 m @ 50.7 g/t Au. 1.4 m @ 9.10g/t Au. 0.32 m @ 56.5 g/t Au. 1.33 m @ 18.95 g/t Au. 2.48 m @ 11.5 g/t Au. 3.08 m @ 8.49 g/t Au. Drilling below the lowest development level at 2020 mRL has intersected mineralisation at the targeted zones based on the current interpretation of the geology and structure. The mineralisation remains open at depth and along strike. These recent results are some of the deepest intersected in the mine and are located up to 120 vertical metres below the 2020 mRL. Drilling on continuous shifts is ongoing at Wagtail and Nicolsons and is focused on extending the current Mineral Resources and Ore Reserves.

Pantoro Limited Announces Green Lantern Continues to Grow Ahead of Maiden MRE

2021-08-01 23:02:00

Pantoro Limited advised that the Green Lantern mineralisation, an extensive zone near surface adjacent the existing Scotia Open Pit at the Norseman Gold Project continues to prove up, with the most recent round of infill drilling focussed on finalising a Maiden Resource estimation. Results provide confidence that mine life from the Scotia Mining Centre will be extended beyond the current Phase One feasibility plan. Drilling undertaken to support Mineral Resource Estimation and Ore Reserve Calculation for initial open pit mining. The orebody has been delineated over a strike length of approximately 800 metres and remains open to the south and down dip. Deeper drilling in the latest round has returned wide, high grade intersections at depth, demonstrating additional underground potential following completion of open pit. Outstanding results returned from the most recent compilation of drilling include: 9 m at 5.44 g/t Au from 44 m (LERC21_176). 5.6 m at 2.34 g/t Au from 72 m (GLDD21_095). 28 m at 8.41 g/t Au from 95 m (LERC21_177). 9 m at 3.14 g/t Au from 12 m (GLRC21_100). 8 m at 3.44 g/t Au from 30 m (LERC21_198). 7 m at 2.08 g/t Au from 56 m (GLRC21_110). 3 m at 8.06 g/t Au from 105 m (LERC21_198). 9 m at 1.51 g/t Au from 103 m (GLRC21_112). 4 m at 7.74 g/t Au from 114 m (LERC21_199). 7 m at 2.28 g/t Au from 67 m (GLRC21_097). 10 m at 5.00 g/t Au from 49 m (GLRC21_066). 4 m at 3.54 g/t Au from 42 m (GLRC21_107). 2 m at 13.35 g/t Au from 86 m (GLRC21_110). 1.85 m at 18.73 g/t Au from 109.95 m (GLDD21_077). 14 m at 2.44 g/t Au from 50 m (GLRC21_099). 5 m at 4.62g/t Au from 4 m (LERC21_080). 5.8 m at 6.17 g/t Au from 117.2 m (GLDD21_081). 20 m at 1.22 g/t Au from 81 m (GLRC21_101). 3 m at 17.15 g/t Au from 109 m (GLRC21_115). 3 m at 7.96 g/t Au from 154 m (LEDD21_175). 2 m at 11.19 g/t Au from 31 m (GLRCD21_116). 1.1 m at 57.89 g/t Au from 287.2 m (LEDD21_173). 24 m at 1.48 g/t Au from 90 m (LERC21_164). Additional results remain outstanding and additional drilling is planned due to the ongoing growth in the orebody. Targeting maiden Mineral Resource and open pit Ore Reserve during fourth quarter of 2021.

Pantoro Limited - Special Call

2021-07-12 22:20:00

MAINFIELD DRILLING

Pantoro Limited Provides Results from its Initial Drilling Program Targeting the Historic Mainfield at the Norseman Gold Project

2021-07-12 22:19:00

Pantoro Limited provided results from its initial drilling program targeting the historic Mainfield at the Norseman Gold Project (PNR 50%). Drill results provide confidence that Mainfield will extend mine life at Norseman. The high grade results are typical of historic drill programs in the Mainfield. Results suggest that high grade Mineral Resources and Ore Reserves from Mainfield will be included in future optimisations of the Phase One mine plan. Strong potential for Mainfield ore bodies to be accelerated into Phase One mining. Mainfield has produced approximately three million ounces historically with grades in excess of 11 g/t Au. Drilling was focused on unmined virgin blocks outside of the existing remnant Mineral Resources at Mainfield.The existing underground Mineral Resource at Mainfield is 1.27 Mt @ 13.1 g/t Au for 540,000 ounces, with only44,000 ounces currently included in Pantoro's Phase One mine plan per DFS announced 12 October 2020.

Pantoro Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 04:30 PM

2021-06-30 19:09:00

Pantoro Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 04:30 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Paul Mathew Cmrlec, CEO, MD & Executive Director.