Investment Highlights

Welcome to the Investor section of our website. The Company is listed on the TSX Venture Exchange under the symbol “PML-V”; and all Company’s regulatory filings are published on www.sedar.com

We feel that Panoro Minerals Ltd. is an exciting investment opportunity and would like to draw your attention to some key investment highlights:

Flagship Projects

Cotabambas Cu/Au/Ag Project - Updated PEA, Optimized Mine Plan

  • At the updated base case prices of copper at $3.00/lb, gold at $1,250/oz and silver at $18.50/oz:
    • After tax economic metrics of:
      • NPV(7.5%) of $US 683.9 million, increased from $US 379.4 million;
      • IRR of 16.7%, increased from 11.8%; and
      • Payback of 3.6 years, decreased from 4.8 years
    • Pretax economic metrics of:
      • NPV(7.5%) of $US 1,052.6 million, increased from $US 647.9 million;
      • IRR of 20.4%, increased from 14.2%; and
      • Payback of 3.2 years, decreased from 4.4 years
  • Decreased average direct cash costs (C1) to $US1.22 per pound of copper, decreased from $US1.26, net of by product credits
  • Increased average annual payable metal of:
    • Copper 155.1 million pounds, increased from 143.3 million pounds;
    • Gold 95.1 thousand ounces, increased from 88.0 thousand ounces; and
    • Silver 1,018.4 million ounces, increased from 967.2 thousand ounces.
  • As a comparison only with the now superseded prices used in the April 2015 PEA: copper at $3.25/lb, gold at $1,300/oz and silver at $20.50/oz, after tax economic metrics of:
    • NPV(7.5%) of $US 961.6 million, increased from $US 627.5 million;
    • IRR of 19.9%, increased from 14.4%; and
    • Payback of 3.1 years, decreased from 4.0 years

Antilla Cu/Mo Project

  • Indicated Resource of 188.5 Mt @ 0.40% Cu, 0.009% Mo (@ 0.20% Cueq cutoff); plus
  • Inferred Resource of 145.9 Mt @ 0.28% Cu, 0.009% Mo (@ 0.20% Cueq; cutoff)

Strategic Location

Panoro’s projects are located in the pre-eminent copper district in southern Peru, where:

  • MMG is completing the $7.0 billion Las Bambas open pit copper mine construction
  • Hudbay Minerals has started operations at the $1.8 billion Constancia open pit copper mine
  • Glencore is operating the new Antapacay open pit copper mine after investing $1.5 billion
  • First Quantum Minerals is advancing the Haquira open pit copper project
  • Grupo Mexico is advancing Los Chancas open pit copper project
  • Government and private sectors firms have:
    • Privatized the operation of existing railway
    • Privatized existing port facilities
    • Increased power generation, both hydroelectric and natural gas
    • Expanded the power transmission grid
    • Improved and expanded road network linking the mining projects to rail and port facilities
    • Planned further expansions and privatizations of other roads, port and rail projects


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