Savannah

Panoramic Resources has boosted the mine life of the Savannah nickel project in Western Australia as the company works to put the site’s struggles behind it.

Panoramic Resources has found a saviour in Western Areas as part of plans to raise up to $90 million to undertake development activities prior to re-starting the Savannah mine in Western Australia and to repay debt.

Panoramic Resources has handed underground operational management of the Savannah nickel mine in Western Australia to Barminco.

Independence Group has terminated its takeover offer for Panoramic Resources on the basis of a breach of conditions. 

Independence Group (IGO) has extended its takeover offer for Panoramic Resources to January 17 2020 in light of contract breaches related to the bid.

Panoramic Resources plans to transition to a predominant contract mining model at its Savannah project in Western Australia.

Panoramic Resources has reduced its 2020 production guidance at the Savannah nickel project in Western Australia amid the takeover tussle with Independence Group (IGO).

Panoramic Resources has opened its doors to Independence Group (IGO) and other parties that might be interested in making offers to acquire the company.

Panoramic Resources has conceded that its production guidance at the Savannah project in Western Australia will not be met in the 2020 financial year.

Panoramic Resources has responded to Independence Group’s ‘highly conditional’ takeover offer for the company, saying that it has breached certain conditions and would likely do so again.

Independence Group’s takeover offer for Panoramic Resources is set to be rejected by the target’s key shareholder, Zeta Resources.

Independence Group (IGO) plans to strengthen its nickel portfolio after making an off-market takeover bid for Panoramic Resources.

Panoramic Resources’ ramp up of the Savannah nickel project in Western Australia was well progressed in mining, paste filling and milling during the June quarter, despite not reaching its budget rates yet.

Panoramic Resources plans to offload its Canada-based Panoramic PGMs (Pan PGMs) subsidiary to Benton Resources for $9 million.

Panoramic Resources’ Savannah nickel project has reported an improvement in mining activities during March – a turnaround result after a poor February performance.

Panoramic Resources is set to improve operations at the Savannah nickel-copper-cobalt project in Western Australia after failing to meet production target this year. 

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

Panoramic Resources is only weeks away from shipping first concentrate from its Savannah nickel-copper-cobalt project as recommissioning of the Western Australian operation accelerates.

Adaman Resources has awarded a mill construction contract at its Kirkalocka gold project near Mt Magnet in Western Australia to MACA.

Panoramic Resources has agreed to sell its Lanfranchi nickel project to a wholly owned subsidiary of Texas-based Black Mountain Metals for $15.1 million, months after a formal Board decision to restart the Savannah nickel-copper-cobalt operations in Western Australia.