Pantoro Gold

ASX ANNOUNCEMENT
17 JULY 2025
Quarterly Webinar Notification
Pantoro Gold Limited (ASX:PNR) (Pantoro Gold) advises it will host an investor update via webinar for shareholders and interested stakeholders on Monday, 21 July 2025 at 9:00am AWST/11:00am AEST.
The webinar will be hosted by Managing Director, Paul Cmrlec who will provide an update on operations at the Norseman Gold Project following the release of the Company’s June 2025 Quarterly Activities Report.
A Q&A session for investors will follow the presentation. It is anticipated that the webinar will run for approximately 30 minutes, with some time allocated at the end for the Q&A session.
To pre-register for the webinar, please use the link below:
https://us06web.zoom.us/webinar/register/WN_ABUgffGiS8G-cbBMSOj49g

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Pantoro Gold Limited (ASX:PNR) (Pantoro Gold or the Company), a WA-based gold producer focused on unlocking the full potential of its 100%-owned Norseman Gold Project (Norseman or the Project), is pleased to provide its Quarterly Report for the period ended 30 June 2025.
OPERATIONS
• Production for the quarter was 25,417 ounces of gold, at the upper end of the guided range of 23,000 to 26,000 ounces. The strong production result reflects the Scotia Mine operating at steady state throughout the quarter and the OK Underground Mine continuing to perform in line with expectations.
• Cash and gold build of $43.3 million for the quarter, with an All-in Sustaining Cost (AISC) of $1,991/oz. EBITDA of $80.4 million during the quarter, taking full year EBITDA to $196.4 million.
• The outstanding cashflow result was delivered alongside $12.3 million in exploration and growth capital spending aimed at ongoing production expansion at Norseman.
• The Scotia Underground Mine operated at steady-state throughout the period. A total of 2,300 metres of capital, waste and ore development was completed (up from 1,817 metres Mar 25 Qtr) and 112,758t hauled to the surface (almost twice the Mar 25 Qtr, 64,474t).
• The OK Underground Mine continues to operate in steady state with 10,504 ounces mined during the quarter.
• The Princess Royal Open Pit Mining Centre is advancing in accordance with schedule and produced 30,523t @ 1.79 g/t for 1,759 ounces during the quarter. With waste stripping in the Slippers Open Pit now complete and works at the Desirables Open Pit underway, Princess Royal will be a significant contributor to production during the second half of CY2025.
• Exploration continued both on surface and underground, with a total of 20,300 metres drilled underground at Scotia, Bullen and OK and a further 10,000 metres drilled from surface.
• Pantoro Gold provides FY2026 production guidance of 100 – 110 Koz of gold at an AISC of $1,950-$2,250 per ounce.
CORPORATE
• During the period, the Company became debt free, as follows:
• Nebari Partners converted a further portion of the convertible loan to equity, reducing Pantoro Gold’s total debt position to US$6.26 million (approximately A$9.8 million) in April 2025. Subsequent to that conversion, Pantoro pre- paid all remaining debt on 12 May 2025 (A$9.8M) and is now debt free. Upon early repayment of the convertible loan facility, Pantoro issued 4,924,312 options with an exercise price of US$1.0812 and an expiry date of 30 June 2027.
• During the quarter Nebari exercised 3,556,338 options paying Pantoro A$6.0 million.
• Pantoro Gold substantially increased its cash and gold position during the quarter and the balance now stands at $175.8 million^.
ENQUIRIES
Paul Cmrlec | Managing Director | Ph: +61 8 6263 1110 | Email: admin@pantoro.com.au
Sam Macpherson | Media and Investors | VECTOR Advisors | Ph: +61 401 392 925
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^ $151.6 M cash, 4,746 ounces in gold in safe and circuit @ $5,095.25.  

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