Highlights
- Consensus rating of Buy from 6 analysts: 5 Buy or equivalent, 1 Hold, 0 Sell or equivalent.
- Mean price target of A$3.79 against a share price of A$2.98 on 8 October 2026, an implied upside of 27.2%.
- Analyst targets range from A$2.25 to A$4.55.
- Pantoro Gold (ASX:PNR) announced on 16 September 2026 new drilling results extending high-grade mineralisation at the Racetrack Discovery within the Mainfield at Norseman.
Pantoro Gold (ASX:PNR) carries a consensus analyst rating of Buy. Of the 6 analyst recommendations recorded, 5 are Buy or equivalent, 1 is Hold and 0 are Sell or equivalent. The mean price target is A$3.79, with targets ranging from A$2.25 to A$4.55, against a current share price of A$2.98 (8 October 2026). Pantoro Gold Limited is a Western Australian gold producer focused on its 100% owned Norseman Gold Project.
|
Company name |
Pantoro Gold |
|
Ticker |
|
|
Exchange |
ASX (Australian Securities Exchange) |
|
Current share price |
A$2.98 |
|
Price date |
8 October 2026 |
|
Number of analysts |
6 |
|
Rating consensus |
Buy |
|
Consensus price target (mean) |
A$3.79 |
|
Highest target |
A$4.55 |
|
Lowest target |
A$2.25 |
|
Implied upside/downside to mean target |
Implied upside of 27.2% |
Latest developments
Pantoro Gold (ASX:PNR) announced on 16 September 2026 new drilling results extending high-grade mineralisation at the Racetrack Discovery within the Mainfield at Norseman. Significant intercepts from infill and extensional drilling include 11.12 metres at 5.48 g/t gold from 488.6 metres, including 0.41 metres at 41.6 g/t, 2.0 metres at 24.11 g/t gold from 236.66 metres, including 1.66 metres at 44.42 g/t, 2.11 metres at 13.07 g/t gold from 650.08 metres, and 1.29 metres at 51.46 g/t gold from 497.91 metres.
Infill drilling has confirmed the continuity of a high-grade mineralised zone over a strike extent of about 900 metres, extending from near surface to 600 metres below surface and remaining open to the east and at depth. The company said Racetrack is a cross-link structure analogous to the Bullen lode, which has more than 500,000 ounces.
An exploration decline will be developed from the upper levels of the OK Decline starting in the December 2026 quarter to provide permanent access to the Racetrack orebody. Three surface diamond rigs are allocated to infill and extension drilling to accelerate the drill-out to a maiden Mineral Resource estimate. Pantoro said using the existing surface infrastructure at OK as the platform for developing Racetrack reduces Capital cost and shortens the time to production.
Risks and what to watch
The results are drill intercepts, and the announcement does not state a Mineral Resource for Racetrack, which is only expected after further drilling and estimation. The mineralised zone remains open, and individual intercepts vary widely in width and grade. Development of the exploration decline and future production depend on approvals, resource definition and funding.
Next milestones
Items to watch include the start of the exploration decline in the December 2026 quarter, further infill and extension drilling results, the maiden Mineral Resource estimate for Racetrack, and Ore Reserve estimation ahead of mining.





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