Aircore drilling started on the lake on June 30, the first systematic program there and on the Polar Bear Peninsula since Western Mining found the Harlequin mine in 1992. Pantoro plans 950 holes over 50,000m, guided by a drone magnetic survey covering 130,000 line km, one of the largest flown in the state. Pantoro wants to turn the old goldfield into a bigger operation, and the June quarter shows several parts of that plan moving. Above ground, the Pantoro board approved Stage 3 of the Gladstone open pit after strong grade control results. Pantoro is aiming for 90,000 to 105,000 ounces in FY2027, with a longer-term target above 200,000 ounces a year.