15.8 C
Johannesburg
June 15, 2024
Mining Africa News
Featured Featured Mining

PGE potential aplenty for Pantoro – Australian Mining

The Norseman Gold Project in Western Australia is shining with PGE (platinum group elements) promise for Pantoro Limited.
Pantoro managing director Paul Cmrlec the recent success of Galileo Mining in identifying PGE mineralisation in its Mt Thirsty Sill adjacent to the Project had highlighted the regional potential.
Within Pantoro’s Norseman tenure, work was previously undertaken by Nickel Australia in 2005 and 2006 on a prospect called Monarch, which had returned significant PGE anomalism and shallow high grade PGE mineralisation results.
Pantoro is the manager of the Norseman Joint Venture (with Mineral Resources), which includes a 50 per cent interest in precious metals (gold, silver, and PGEs), base metals (nickel, copper, lead, and zinc) and battery minerals.
Following acquisition and assumption of management of the Norseman Project in 2019 , Pantoro implemented a clear strategy for the development of the gold assets and has rapidly executed its development plan with construction due for completion in Q3 2022.
“Contemporaneously, Pantoro undertook a detailed review of all mineral opportunities within its asset base at the project,” Cmrlec said.
“This work included an immediate on ground lithium assessment at Buldania which led to discovery of high grade outcropping mineralisation, and ultimately the highly accretive farm-in and joint venture agreement with Mineral Resources.
“At the present time, Pantoro is solely focussed on successful completion of construction and transition to profitable gold operations.
“Pantoro intends to pursue value from other commodities including PGEs and nickel as activities around the gold projects allow.
“Given the immense market interest in PGEs, and Pantoro’s large 100 per cent- owned Lamboo PGE Project near Halls Creek already delivering strong results, additional exploration efforts will be directed to the Mission Sill PGEs of the Project in the near term.”
 
To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.


4 hours ago
Analysts send lithium market into panic
www.australianresourcesandinvestment.com.au
Share on Facebook Share on Twitter Share on Linked In Share by Email
4 hours ago
Truly unstoppable: National Group celebrates its 25th anniversary
www.australianmining.com.au
Share on Facebook Share on Twitter Share on Linked In Share by Email

Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment.
©document.write(new Date().getFullYear()) All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

source

Related posts

PetroRio Formalizes Acquisition of Aquadrill's – Offshore Engineer

Mike

AspenTech Mtell Agents getting ahead of the mine maintenance game – International Mining

Mike

Taylor Energy Oil Spill: Stanching the longest-running oil spill you've likely never heard of – 60 Minutes – CBS News

Mike

Leave a Comment