Mining company Pantoro (ASX:PNR) has updated the indicated and inferred resource at its Wagtail underground mine in Western Australia’s Kimberley region to 574,000 tonnes at 6.8 g/t gold for 126,000 ounces.
The maiden underground probable ore reserve is 62,000 ounces at an average grade of 5.4 g/t gold.
The first ore development at Wagtail underground is expected early in the December 2018 quarter.
The company is currently awaiting final environmental approvals from the Department of Mines, Industry Regulation and Safety, with all other required approvals in place.
Shares in Pantoro Ltd (ASX:PNR) are down 2.9 per cent to 34c.