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Pantoro Gold Limited (ASX:PNR)
ALERT: Price-sensitive ASX Announcement for PNR
Current share price for PNR : $2.680 -1.08 (-28.72%)+
Announcement
Release
23 Apr 2026 8:47AM
Price at Release
$3.760
Full Release
Summary
Pantoro Gold Limited has entered into a partnership agreement with Mega Resources Pty Ltd and Bain Global Resources Pty Ltd for the development of the high-grade Rama Open Pit in Western Australia's Forrestania Region. The agreement includes a funding provision of up to $20 million to advance Mega's mining operations, secured by a first-ranking interest over project tenure. Pantoro Gold will process ore delivered by Mega and share profits based on gold grades. Additionally, Pantoro Gold holds an exclusive 12-month option to explore and develop an underground mining opportunity at Rama, potentially extending project value significantly.
Key Points
- Pantoro Gold enters partnership with Mega Resources.
- Up to $20 million provided to fund Rama Open Pit mining.
- Pantoro Gold to process ore and share profits with Mega.
- Exclusive option for underground mining at Rama.
- Potential extension of project life and value.
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.
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