Merger Mania Continues among Local Miners
Wedding bells continued to sound across the gold mining industry over the Christmas-New Year break, following on from the trend that emerged earlier in 2022.
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Pantoro Limited
Pantoro is an Australian gold producer with its 100% owned Halls Creek Gold Project in the Kimberley Region of Western Australia and its recently acquired 50% owned Norseman Gold Project.
Halls Creek Project
The Halls Creek Project was developed by Pantoro during 2015, with the first gold pour completed during the same year. The project includes underground and open pit mining, and a modern CIP processing facility. Pantoro owns the only commercial scale gold processing facility in the Kimberley Region of Western Australia, with the closest plant approximately 300 km to the south. The company has consolidated areas prospective for gold mineralisation in the region, and has acquired the Grants Creek and Mary River project areas during the past 18 months to complement the Nicolsons production and exploration assets. In all, the company holds approximately 350 km2 of prospective tenure in the Halls Creek Area.
Pantoro is exploring at Nicolsons, Grants Creek, and Mary River with a focus on increasing the mine inventory for the project.
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News
Gold Sector Nuggets: WGX, PNR, DEG
Plenty of news from around the gold space today, as Westgold Resources and Pantoro both raise some funds for work at their WA projects and De Grey Mining gets some positive results.
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