PRODUCTION RAMP-UP CONTINUES AT NORSEMAN GOLD PROJECT

Pantoro Limited (ASX:PNR) has reported a commendable operational uptick for the month of October at its wholly-owned Norseman Gold Project. With a month-on-month production increase and sustained advancements in milling and ore availability, the project is exhibiting a promising trajectory in its production capabilities.

Key Highlights:

  • The gold production for October 2023 saw a 16% increase, reaching a total of 6,186 ounces recovered*, compared to the 5,325 ounces produced in September 2023.
  • Around 90,200 tonnes were milled at a grade of 2.30 g/t Au, even with a planned mill shut, showcasing the operational efficiency at Norseman.
  • Significant improvements in open pit ore availability, especially as the high-grade Scotia pit progressed beyond the historical pit floor, with high and medium grade ore stocks of roughly 50,000 tonnes over 1.9 g/t Au ready for haulage to the processing plant.
  • In addition to open pit stocks, about 16,000 tonnes of mill ROM stocks are available for processing, ensuring a steady feed to the mill.
  • The OK underground mine continues to outperform expectations with approximately 20,000 tonnes of high-grade ore hauled during October.
  • November is set to see the first access to a new level in the O2 orebody, establishing a second high-grade and independent ore source for the mine. The depth extensions to the O2 lode constitute about 70% of the current Ore Reserve at OK.

Reflecting on the project’s progress, Managing Director Paul Cmrlec remarked, “Mining operations at both the OK mine and the Scotia open pit continue to improve as the operation matures, It is pleasing to see ore volumes and grades increasing at Scotia as expected with depth, and the OK mine continues to impress with very high grade zones often exceeding expectation.”

The consistent improvement in production figures and operational enhancements at the Norseman Gold Project underlines Pantoro Limited’s robust strategy in advancing its assets. The ongoing developments at both the OK mine and the Scotia open pit are positive indicators of the growing ore volumes and grades, providing a solid foundation for sustained production ramp-up in the months to come.

Goldman

Read Previous

ACCELERATED RESOURCE GROWTH UNDERWAY AT DYNASTY GOLD PROJECT

Read Next

WEEKLY GOLDEN TIDBITS