Pantoro awaits approvals for ore development | Finance News Network

Pantoro awaits approvals for ore development

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.