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Panoramic Resources Ltd.
Summary
| Project: | Lanfranchi | |
|---|---|---|
| Deposit: | Lanfranchi | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 9/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-9-2016: Panoramic Resources Ltd. announces a Resource Estimation report for its Lanfranchi deposit at the Lanfranchi project. Annual statement of mineral resources and ore reserves. Panoramic Resources Limited (ASX Code: PAN) is pleased to announce the | |
| Resources: | (Reserve, Prob.): 0.21Mt @ 2.03% Ni for 4200t Ni contained at Lanfranchi | |
| CP/QP: | [Resources]: Bradley Robinson, P Payne (Internal;Payne Geological Services) | |
| ABSTRACT: | Panoramic Resources Limited (ASX Code: PAN) is pleased to announce the Group’s Mineral Resources and Ore Reserves Statement at 30 June 2016. At Lanfranchi, Ore Reserves at 30 June 2016 are 0.21 million tonnes at 2.03% Ni for 4,200 tonnes contained nickel. Lanfranchi Ore Reserves increased by 100 tonnes of nickel between FY2015 and FY2016 due to inclusion of the additional levels of Metcalfe in the Reserve (+1,100 tonnes) offset by mining depletion (-1,000 tonnes). Mineral Resources at Lanfranchi at 30 June 2016 are 5.65 million tonnes at 1.69% Ni for 95,500 tonnes contained nickel. This is an increase of nickel in Mineral Resources of 5,600 tonnes between FY2015 and FY2016 due to additions at Lower Schmitz (+6,700 tonnes), partly offset by mining depletion (-1,000 tonnes). A maiden Resource estimate for Lower Schmitz of 131,000 tonnes at 5.1% Ni for 6,700 tonnes contained nickel was reported in the March 2016 quarter (refer ASX announcement dated 28 April 2016). No other resource drilling was completed at Lanfranchi in FY2016. | |
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