Pantoro Limited (ASX:PNR)
Pantoro Limited (ASX:PNR) is a gold producer. Pantoro owns the Halls Creek Gold Project in the Kimberley Region of Western Australia and recently acquired 50% of the Norseman Gold Project.
Halls Creek Project
The Halls Creek Project was developed by Pantoro during 2015, with the first gold pour completed during the same year. The project includes underground and open pit mining, and a modern CIP processing facility. Pantoro owns the only commercial scale gold processing facility in the Kimberley Region of Western Australia, with the closest plant approximately 300 km to the south. The company has consolidated areas prospective for gold mineralisation in the region, and has acquired the Grants Creek and Mary River project areas to complement its production and exploration assets.
Norseman Gold Project
The Norseman Gold Project provides Pantoro with a near-term platform for growth. The project covers approximately 1,000 km2 of the historic Norseman Gold province which lies on the southern end of the productive Norseman Wiluna Greenstone belt. The project has produced over 5.5 million ounces of gold historically and currently has a Measured, Indicated and Inferred Mineral Resource of 4.4 million ounces. The Norseman Gold Project lies immediately adjacent to the Norseman township, and is infrastructure rich with office and work shop complexes, camp accommodation, site laboratory, 10MW power station, bore fields and a road network servicing all existing Mineral Resource area already in place. The existing processing facility requires refurbishment prior to operations.
The project presents a number of near term open pit and underground mining opportunities, and Pantoro is systematically advancing a number of near term project areas for mining ahead of recommencement of operations.