Unlocking Opportunities: Pantoro's Progress at Norseman Gold Project

2 min read | January 07, 2025 12:08 PM AEDT | By Team Kalkine Media

Unlocking Opportunities: Pantoro's Progress at Norseman Gold Project — Image source: Shutterstock

Steady Progress and Strong Ground Conditions

Rehabilitation activities at Bullen, which commenced in December 2024, have covered approximately 250 meters to date. The work is being carried out under excellent ground conditions, requiring minimal effort beyond installing new mesh, rock bolts, and updating services to meet modern industry standards.

RedPath Australia, already partnered with Pantoro for the Scotia underground mining contract, is executing the work. Their experience and familiarity with the project are expected to streamline the ongoing efforts. The current pace of progress anticipates underground drilling in the Mainfield to commence by March 2025.

High-Grade Exploration Opportunities

Pantoro’s managing director, Paul Cmrlec, emphasized the significance of the Mainfield at Norseman, which historically contributed over half of the six million ounces of gold produced from the project. These mines, shallow by contemporary standards, host high-grade mineralization zones, with many areas still underexplored or minimally mined.

Pantoro (PNR) views this region as a promising frontier for exploration, with opportunities to uncover additional resources in untested sections of the orebody.

Norseman Gold Project Overview

The Norseman Gold Project is a cornerstone asset for Pantoro, situated 725 kilometers east of Perth and 200 kilometers south of Kalgoorlie. The area boasts a total mineral resource of 4.8 million ounces, with ore reserves of 958,000 ounces already defined.

Since acquiring its stake in the project in 2019, Pantoro has invested in extensive exploration, drilling over 300,000 meters, constructing a 1.2 million tonnes per annum gold processing plant, and restarting production. The tenure spans 800 square kilometers and includes about 70 kilometers of the Norseman-Wiluna greenstone belt.

Scaling for Future Growth

Pantoro’s growth strategy is focused on expanding underground operations and scaling production to over 200,000 ounces annually. With an active drilling program and abundant untapped potential, the company is well-positioned to deliver significant value in the years ahead.

The Norseman Gold Project remains a promising asset with opportunities for resource expansion and increased production.

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