About PanTerra Gold
PanTerra Gold Limited ( ASX Code: PGI ) which is based in Bowral, NSW, Australia, listed on the Australian Securities Exchange in 2006.
From mid 2012 to the end of 2019 a subsidiary was engaged in the extraction of precious metals from 5 million tonnes of refractory tailings produced by the Pueblo Viejo mine in the Dominican Republic between 1992 and 1999 and stored in the Las Lagunas tailings dam. Despite the patented Albion technology utilised on the Las Lagunas project being technically successful in oxidising the refractory ore, the project has not been commercially viable due primarily to the low grade and complex metallurgy of the concentrate able to be produced as feed for the Albion / CIL processing plant.
The Company’s current activities are limited to dismantling the redundant process plant and the sale of surplus equipment, and advancing arbitration on approximately US$20 million of contractual claims against the Dominican Government arising from the Las Lagunas project. Future activities will be focussed on potential refractory gold projects in Cuba including the proposed development of the La Demajagua gold/silver mine.