For thousands of other reports visit RSC's Mineral Intellingence Map
Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Wagtail | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-5-2018: Pantoro Ltd. announces a Resource Estimation report for its Wagtail deposit at the Halls Creek project. Updated mineral resource and ore reserve estimate at Wagtail Underground. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise the updat | |
| Resources: | (Reserve, Prob.): 356Kt @ 5.4g/t Au for 62Koz Au contained at Wagtail | |
| CP/QP: | [Resources]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise the updated Mineral Resource and Ore Reserve for the Wagtail and Rowdies deposits (Wagtail), which are located only one kilometre south of the Nicolsons Processing plant. The Mineral Resource and Ore Reserve are made up of ore lodes from the Wagtail South, Wagtail North and Rowdies deposits. The Ore Reserve is to be accessed by decline development with portals in both the Wagtail North and Wagtail South open pits. It is intended to commence from the Wagtail North Open pit, with development from the Wagtail South pit due to shortly afterwards. First ore development is expected early in the December 2018 quarter. Pantoro advises that it is awaiting final environmental approvals from the Department of Mines, Industry Regulation and Safety, with all other required approvals in place. Pantoro understands that actions required for completion of the environmental approvals are administrative, and that final approval is imminent. Work is planned to commence as soon as possible with all required equipment on site. Installation of the ore sorter and associated infrastructure for the processing plant upgrade is nearing completion. The ore sorter has been installed and tested, however delays were experienced in delivery of critical components in the ore handling infrastructure required for project completion. The ore sorter and all associated infrastructure is expected to be fully operational by the end of May 2018. Normal processing operations have continued throughout the period with minor delays associated with infrastructure tie in as required. Commenting on the maiden underground Ore Reserve at Wagtail, managing director Paul Cmrlec said “The development of an underground mine at Wagtail has formed part of our long term growth strategy for the Nicolsons project for some time. While the current Mineral Resource and Ore Reserve is relatively modest, it displays many similarities to the pre-mining model at Nicolsons. The Wagtail open pits revealed very consistent high grade mineralisation, and drilling for the underground mine has returned a number of very high grade results. We firmly believe that with time, underground development and further drilling, we will confirm a large system with characteristics similar to what we have experienced at Nicolsons to date. Mining Wagtail in parallel with Nicolsons will allow optimisation of mill feed including the use of the ore sorter which is in the final stages of installation and commissioning. While the minor delays in approvals and finalisation of the ore sorting circuit are frustrating, the focus on ramping production to 80,000 - 100,000 ounces per annum run rate by the end of 2018 remains unchanged.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report