- Panoramic Resources (PAN) says its Savannah Nickel Project remains on track to deliver its first shipment by December
- Underground mining at the East Kimberely asset is progressing well with ore production increasing, according to PAN
- The company expects to hit its 100,000 tonnes of stockpiled ore before November, when the processing plant restarts
- PAN says grade control drilling on the first mining level at Savannah North also confirmed strong and continuous mineralisation
- Company shares are down 2.17 per cent at 22.5 cents each at 10:58 am AEST
Panoramic Resources’ (PAN) Savannah Nickel Project remains on track to deliver its first nickel-copper-cobalt concentrate shipment by December.
The company has provided an operations update on project, which is located in Western Australia’s East Kimberley region.
PAN said on Tuesday that underground mining at Savannah was progressing well, with ore production increasing month-by-month.
At the end of August, the mining stock had a total ore on surface stockpile of 54,644 tonnes, compared to 14,315t at the end of July.
The company said at that rate of growth it was confident it would hit its 100,000t target for when the processing plant restarted in November.
A crew from Primero has been working on the plant and PAN said all maintenance works being carried out were ahead of schedule and within budgeted costs.
Managing Director and CEO Victor Rajasooriar said he was pleased all activities remained on track for the company’s maiden shipment at the end of the year.
“It is pleasing to see all the plans put in place over the past 12 months now being successfully executed,” Mr Rajasooriar said.
“Ore production is steadily ramping up with the surface ore stockpile growing and preparations for the commencement of the processing plant in November being on track.
“Most importantly, we are on schedule for the first Savannah North stope to be mined later in October this year and the first shipment of nickel-copper-cobalt
concentrate in December 2021.”
PAN carried out grade control drilling on the first mining level at Savannah North during August, and early results have confirmed strong and continuous mineralisation.
The results have also provided the company with increased confidence in stope designs ahead of the planned mining.
Company shares were down 2.17 per cent at 22.5 cents each at 10:58 am AEST.