Argonaut acted Lead Manager to successfully raise $50 million Placement in 2020 to improve Pantoro Limited’s resource and reserve as well as to fund extensional explorations and other project developments. An earlier transaction included a A$43 million Placement in 2019 to fund the acquisition and joint venture of the Central Norseman Gold assets as well as for exploration and infill drilling of immediate production targets. Both Placements were underpinned by strong support from institutional and sophisticated investors.

Pantoro Limited (ASX:PNR) is an Australian company that wholly owns the Halls Creek Gold Project in the Kimberley Region of Western Australia, which includes the Nicolsons and Wagtail Mines as well as the Grants Creek and Mary River Projects. Development in  Halls Creek includes underground and open-pit mining and a modern CIP processing facility for gold mineralisation.