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Panoramic Resources (ASX:PAN) - Managing Director and CEO, Victor Rajasooriar
Managing Director and CEO, Victor Rajasooriar
Source: Panoramic Resources
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  • Panoramic Resources (PAN) produces its first nickel-copper-cobalt concentrate from the Savannah Nickel Project in the East Kimberly of WA
  • The processing plant at Savannah was commissioned three weeks ahead of schedule, following the completion of preparation works
  • The first nickel-copper-cobalt concentrate produced from the plant is already being stockpiled at the site, with trucking of the concentrate to the Wyndham Port planned to begin next week
  • The company is now securing its first ship to transport the concentrate to its offtake partner, Jinchaun, with the first shipment from Wyndham Port scheduled for December 2021
  • Panoramic Resources is trading 2.17 per cent up at 23.5 cents at 10:43 am AEDT

Panoramic Resources (PAN) has produced its first nickel-copper-cobalt concentrate from the Savannah Nickel Project in the East Kimberly of WA.

The processing plant at Savannah was commissioned three weeks ahead of schedule, following the completion of preparation works to ensure the plant was ready for mobilisation.

“It’s fantastic to see the careful planning and hard work undertaken over the past 12 months culminate in the commencement of processing ahead of schedule,” Managing Director and CEO Victor Rajasooriar said.

“The leadership group at site and our business partner Primero have been working hard to deliver on the restart of the processing plant and have achieved this safely.”

The company said the crushing, milling and floatation circuits and tailings processing had achieved operational stability, with the concentrate production underway.

Panoramic Resources said as underground mining continued and ore production built up, the surface ore stockpile, which is currently sitting at over 120,000 tonnes, would provide consistent feed to the processing plant, reducing any risk to throughput rates.

The first nickel-copper-cobalt concentrate produced from the plant is already being stockpiled at the site, with trucking of the concentrate to the Wyndham Port planned to begin next week.

“We have been pleased with the performance of the plant through the commissioning phase and will now target ramp up to steady state production over the coming months,” Mr Rajasooriar said.

The company is now in the process of securing its first ship to transport the concentrate to its offtake partner, Jinchaun, with the first shipment from Wyndham Port scheduled for December 2021.

Panoramic Resources was trading 2.17 per cent up at 23.5 cents at 10:43 am AEDT.


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