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.”
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