Pantoro plans 85,000 metres of drilling at Norseman Gold Project

Proactive - Interviews for investors

Pantoro Ltd managing director Paul Cmrlec joins Meagan Evans in the Proactive studio to discuss the company’s plans to conduct 85,000 metres of drilling in the 2025 financial year across four key targets at the Norseman Gold Project. A further $25 million has been allocated for extending successful drilling programs. The company will focus on high-grade underground mine targets, including re-entering the Norseman Mainfield via the Bullen decline, with rehabilitation works expected in the first half of FY 2025. Pantoro aims to produce around 100,000 ounces of gold with an ASIC of A$1,900 per ounce in FY 2025. Cmrlec highlighted the company’s strong balance sheet and operational cashflow. He noted numerous resource development opportunities, emphasising disciplined growth and efficient spending to achieve the production goals. The processing plant, currently handling 1.2 million tonnes per annum, has potential for a 20% increase in throughput. Pantoro’s FY 2025 drilling campaign will target the Central and Southern orebodies, the Eastern lode and the Panda lode. Success in previous drilling has shown promising width and grade results. Additionally, Pantoro plans detailed magnetic surveys at Lake Cowan for future drilling targets. The Scotia Underground development is progressing ahead of schedule with favourable ground conditions. #ProactiveInvestors #Pantoro #ASX #Gold #NorsemanGoldProject #Drilling #NorsemanMainfield #BullenDecline #ScotiaUnderground #magneticsurveys Pantoro plans extensive Norseman drilling #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews