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Pantoro Gold Limited ( (AU:PNR) ) has shared an announcement.
Pantoro Gold Limited has announced promising initial results from its underground drilling program at the Norseman Gold Project, specifically from the Bullen Decline in the Mainfield. The drilling has successfully intersected all targeted structures, revealing high-grade mineralization, including significant gold grades. This development marks a significant step towards resuming mining operations in the Mainfield, with plans to fast-track development as economically viable ore panels are defined. The ongoing efforts include dewatering and rehabilitation of the Bullen Decline, with the aim of transitioning to the development of additional ore zones.
The most recent analyst rating on (AU:PNR) stock is a Sell with a A$5.96 price target. To see the full list of analyst forecasts on Pantoro Gold Limited stock, see the AU:PNR Stock Forecast page.
More about Pantoro Gold Limited
Pantoro Gold Limited is a Western Australia-based gold producer focused on the Norseman Gold Project, which it fully owns. The company is dedicated to unlocking the potential of this project, with a market focus on high-grade gold production.
YTD Price Performance: 283.66%
Average Trading Volume: 2,508,228
Technical Sentiment Signal: Buy
Current Market Cap: A$2.31B
For an in-depth examination of PNR stock, go to TipRanks’ Overview page.