Panoramic first shipment from Savannah restart sets sail

The MV Heemskerkgracht in Wyndham. Image: Panoramic Resources.

Panoramic Resources has shipped first concentrate from the company’s recommissioned Savannah project in the Kimberley region of Western Australia on schedule.

The 7735 wet metric tonne shipment of nickel-copper-cobalt, worth $8.6 million, this week departed Wyndham for Lianyungang in China.

Panoramic relaunched underground operations at Savannah in December 2018 after making the decision to restart operations mid last year.

Managing director Peter Harold said the first shipment was “a significant milestone in the recommissioning of the mine and processing plant at Savannah and I would like to thank the team at Savannah for their efforts to get the project going again.”

The Savannah project was placed on care and maintenance in May 2016 due to low nickel prices. The company secured a $40 million finance facility last July to support its plans for the restart and scheduled its first shipment for the March quarter of 2019.

Panoramic plans to ramp up Savannah to full production over 15 months with forecasted annual output of 10,800 tonnes of nickel, 6100 tonnes copper and 800 tonnes cobalt contained in concentrate.

The company originally commissioned the $65 million Savannah project in late 2004.

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