Pantoro Limited (AU:PNR) has released an update.
Pantoro Limited has announced an ambitious growth program for FY 2025, with a $25 million budget aimed at expanding gold production through 85,000 meters of drilling across four key targets and redeveloping the Norseman Mainfield. The company expects to fund these projects through ongoing operations, which are on track for increased production and strong cash flow, and projects increasing annual gold production to over 200,000 ounces. The Norseman growth budget is focused on developing a third underground mine or significantly enlarging existing ones, with a wealth of resource development opportunities on the horizon.
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