• Production of 17,757 ounces of gold, with 20,016 ounces sold
• All-in Sustaining Cost (AISC) of $3,204 per ounce, generating EBITDA of $88.4 million
• Approval of third underground mine at Norseman, targeting O'Briens and Crown South Reefs

Pantoro Ltd, a Western Australian gold producer, has reported its quarterly activities and cash flow for the period ended 31 March 2026. The company produced 17,757 ounces of gold, with 20,016 ounces sold at an average price of $6,916 per ounce. The All-in Sustaining Cost (AISC) for the quarter was $3,204 per ounce, generating an EBITDA of $88.4 million. The Scotia Underground Mine saw 2,142 metres of development completed, with production of 84,347 tonnes at 2.49 g/t Au. The OK Underground Mine produced 5,052 ounces during the quarter, with operations ongoing in the Star of Erin and O2 Lodes. The Princess Royal Open Pits were completed as planned, with approximately 42,000 tonnes at 1.58 g/t of oxide ore and low-grade material remaining on the ROM pads. The Gladstone open pit is progressing well, with an additional 120-tonne excavator mobilized to the site. Pantoro also announced the approval of a third underground mine at the Norseman Gold Project, targeting the O'Briens and Crown South Reefs. Exploration activities continued throughout the quarter, with a focus on the Mainfield area, including the Butterfly area, which returned impressive high-grade results.

Pantoro expects a strong finish to FY2026 and is currently on track to achieve the guidance range of 86,000 to 92,000 ounces by the end of the year. FY2027 guidance will be provided upon completion of the budgeting process, and a new 5-year operational plan is expected to be released early in FY2027.

Pantoro's growth strategy is centered on expanding its underground mining operations and scaling production at Norseman, initially targeting 100,000 ounces per annum and aiming to grow to over 200,000 ounces annually. The company's extensive growth program and significant untapped potential at the Norseman Gold Project position it for substantial growth in the coming years.