Pantoro managing director Paul Cmrlec is confident the company’s Norseman gold project can eventually produce more than 200,000 ounces of gold per annum.
Gold miner Pantoro overcame lower than anticipated production in January at its Norseman gold project to produce 19,235 ounces of gold for the March 2024 quarter, up from 18,185oz in December 2023.
Mineral Resources will purchase the lithium and base metal rights at Pantoro's Norseman gold project under a $60 million deal adding to its acquisitive streak.
Pantoro and Tulla Resources have announced plans for an all-scrip merger of the companies to consolidate ownership of the Norseman gold project in the state's Eastern Goldfields.
Mineral Resources is set to spend $3 million on lithium exploration for a potential 65 per cent stake in Pantoro and Tulla Resources' jointly owned gold project in the Norseman-Wiluna belt.
Gold explorer Pantoro will use $50 million raised from a share placement to accelerate exploration activity at the company's Norseman joint venture project in the Eastern Goldfields.
Gold producer Pantoro announced it has completed a processing plant options review and scoping estimate at the Norseman processing facility in Western Australia.
Pantoro has announced it missed production targets for the June quarter, just a month after fellow local gold producers Dacian Gold and Gascoyne Resources announced adverse news to investors.
Saracen Mineral Holdings has confirmed its status as one of the state's top 10 gold miners, after the company reached record production in the 2018 financial year, while West Perth-based Pantoro's annual gold output was within guidance.
Perth-based Bulletin Resources has sold its remaining 20 per cent stake in the Halls Creek gold project to Pantoro in an all-scrip deal worth $13.7 million.
