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Pantoro Gold Limited (ASX:PNR)

ALERT: Price-sensitive ASX Announcement for PNR
Current share price for PNR : $2.800 -0.66 (-19.08%)+
Announcement
Release
16 Mar 2026 8:15AM
Price at Release
$3.460
Full Release
download
Summary
Pantoro Gold Limited has reported impressive results from its underground drilling program in the Butterfly area of the Mainfield Mining Centre, located near Norseman, Australia. This area, part of the Mararoa Reef historically mined, is now showing significant exploration potential with results indicating high-grade gold intersections. The Butterfly zone, which is independent of other areas such as O'Briens/Crown South, is a priority for Pantoro's expansion strategy. The company is focusing on increasing drilling density to facilitate rapid transition to mining, potentially developing Butterfly as a second independent mine within the Mainfield. Pantoro's growth strategy aims to expand underground operations to achieve a production target of 200,000 ounces of gold annually. The Mainfield Mining Centre, with a history of over three million ounces of gold production, continues to present substantial opportunities for resource expansion.
Key Points
  • Butterfly area shows high potential for gold expansion.
  • Significant exploration upside remains across the Mainfield.
  • Pantoro's drilling program indicates high-grade gold intersections.
  • Butterfly zone is independent of other Mainfield areas.
  • Pantoro aims for 200,000 ounces of annual gold production.
  • Mainfield's historic production exceeds three million ounces.
  • Focus on rapid transition to mining in the Butterfly zone.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.