Australian (ASX) Stock Market Forum

PNR - Pantoro Limited

Anyone know what coblat is? :cautious:

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Pantoro have had a disastrous year like many explorers. A lot of cash was expended buying into the Norseman Gold Project owned by Tulla Resources though they have now finished these payments and now it costs them 50% in equal partnership. Tulla unloading their share holding in PNR additionally dragging the share price down together with a large cash raising.

Live charts:
Day: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^PNR&p=0&t=1
Short term: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^PNR&p=5&t=1
Long term: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^PNR&p=9&t=1
 
Pantoro and Tulla merge, launch $75 million raise - 13 February 2023
www.australianresourcesandinvestment.com.au/2023/02/13/pantoro-and-tulla-merge-launch-75-million-raise/

Formerly Norseman Gold PLC later Tulla Resources PLC have merged via a takeover of Tulla Resources PLC by Pantoro Limited.

A High Grade Australian Gold Producer
Pantoro is an Australian gold producer with its 100% owned Halls Creek Gold Project in the Kimberley Region of Western Australia and its recently acquired 50% owned Norseman Gold Project.
Https://www.pantoro.com.au/about/

ASX: Https://www2.asx.com.au/markets/company/tul
StocknessMonster: Http://www.stocknessmonster.com
Hotcopper: Https://hotcopper.com.au/asx/tul/discussion/

Pantoro website: Https://www.pantoro.com.au/
Company Projects: Https://www.pantoro.com.au/projects/

Grants Creek
The Grants Creek Project is located approximately 60 km north of Halls Creek and includes a number of advanced prospects with the first mining recorded during the 1880s. Grants Creek has a large amount of historical drilling recorded, and Pantoro believes that there is strong potential to rapidly define a JORC-compliant Mineral Resource.
Https://www.pantoro.com.au/projects/grants-creek/

Mary River Project
The Mary River Project is located approximately 20 km SSW of Halls Creek and is easily accessible via the Great Northern Highway and the Tanami Road. Mary River is approximately 20 km from the Nicolsons processing plant.
Https://www.pantoro.com.au/projects/mary-river/

Nicholsons Regional Projects
Pantoro has a portfolio of regional exploration targets located near the Nicolsons Project, approximately 45 km southwest of Halls Creek in Western Australia. The regional exploration targets represent extensional expansion opportunities close to the Nicolsons project infrastructure. Initial exploration undertaken at a number of these regional targets has produced encouraging results.
Https://www.pantoro.com.au/projects/nicolsons-regional-projects/

Central Norseman Gold Project
The Norseman Gold Project is located in the Eastern Goldfields of Western Australia, at the southern end of the highly productive Norseman-Wiluna greenstone belt. The project lies approximately 725 km east of Perth, 200 km south of Kalgoorlie, and 200 km north of Esperance.
Https://www.pantoro.com.au/projects/norseman-project/

TREATMENT
The Phoenix gold processing plant utilises conventional milling and carbon-in-leach (”CIL") technology for the recovery of gold. The plant is at present closed.
PERTH (miningweekly.com) – Gold developer Pantoro has narrowed down a processing plant option for the Norseman gold project, in Western Australia.
“The outcome of this study provides Pantoro with a clear way forward for the reconstruction of the Norseman processing facility.
▪ Old plant was demolished and a contract with GR Engineering Services to construct a new 1Mtpa carbon in leach processing plant (with the flexibility to be increased up to 1.5Mtpa)
▪ Crushing circuit sized to enable increased throughput without modification
▪ Designed to treat multiple ore sources, and additional ore sources from subsequent phases of development
A large amount of existing infrastructure at the site provides a major reduction in capital costs for the project and the review confirms our pre-acquisition cost assumptions,

22 December 2021 - - LITHIUM
The Company and its Joint Venture Partner entered into a signed Term Sheet with Mineral Resources Limited with respect to an unincorporated Lithium Joint Venture which gives Tulla Resources now Pantoro Limited a free carry through to initial production. This is an exciting development for the Company and its shareholders.

Investor Presentation September 2022: Https://www.pantoro.com.au/wp-content/uploads/2022/09/Beaver-Creek-2022-Final-picture.pptx-Last-saved-by-user.pdf

Australian Gold chart: Http://goldprice.org/charts/gold_3d_b_o_AUD.png
 
Bit of bullish price action in both PNR and TUL. I don't know the state of the merger between the two.
Would require some research before buying.
 
Flipping a coin on this one for November comp.
coming up roses in November

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.
what a new lease of life the prospect of looking for white gold / getting early cash in the door brings.

Pantoro Signs Binding Agreement on Sale of Lithium and Certain Base Metals Rights at Norseman for up to A$60m
... has executed a binding agreement with Mineral Resources Limited (ASX:MIN) by which Pantoro divests 100% of its lithium, nickel, copper, and cobalt rights on the Norseman Gold Project for up to A$60 million in cash consideration plus royalties.
Highlights
Consideration for the divestment consists of:
» A$30m upfront cash consideration, payable within five days of execution of the binding term sheet;
» A$30m deferred payment, payable upon final investment decision to commence a nickel, copper, and/or cobalt mining operation;
» 2% net smelter royalty on all nickel, copper, and cobalt, recovered; and
» 0.75% FOB lithium royalty.
» Both royalties are subject to certain Mineral Resource thresholds being met.
 
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