Pantoro Partners with Mega and Bain on High-Grade Rama Pit Funding Deal

Pantoro Gold has struck a partnership with Mega Resources and Bain Global Resources for the Rama Open Pit in Western Australia, detailed in the latest update on April 23. Initially announced on April 22, Pantoro will advance up to A$20m (A$15m initial, A$5m contingent) at 5% p.a. interest, recoupable from gold deliveries credited at A$1,000/oz within eight months. Mega targets ~115,000 tonnes at 4.7 g/t (minimum ~17,700 oz), with Pantoro processing ore at Norseman and paying 70–80% of reconciled gold value, retaining the rest. Pantoro also gains a 12-month exclusive option for underground development. The deal enhances Pantoro's margins but minimally impacts broader Gold prices.