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Panoramic Resources Ltd.
Summary
| Project: | Savannah | |
|---|---|---|
| Deposit: | Savannah | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 10/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 27-10-2017: Panoramic Resources Ltd. announces a Feasibility Study report for its Savannah deposit at the Savannah project. Updated feasibility study for Savannah. Panoramic Resources Limited (“Panoramic”, ASX Code: PAN) is pleased to provide the results | |
| Resources: | (Reserve, P+P:): 6.65Mt @ 1.42% Ni, 0.61% Cu and 0.10% Co at Savannah North | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Panoramic Resources Limited (“Panoramic”, ASX Code: PAN) is pleased to provide the results of the Updated Savannah Feasibility Study (“Updated FS”). The Updated FS supersedes the February 2017 Savannah Feasibility Study (“February 2017 FS”) (refer to the Company’s ASX announcement of 2 February 2017) and July 2017 Savannah FS Optimisation (“July 2017 Optimisation”) (refer to the Company’s ASX announcement of 20 July 2017). The optimisation work resulting in the Updated FS focussed on further improvements to the mine plan and schedule, additional metallurgical testwork leading to a better understanding of expected flotation performance, and updates to capital and operating costs to reflect recent movements in pricing since the earlier studies. The key financial assumptions for the Updated FS Base Case was undertaken using monthly physicals and cash flows and includes movements in working capital. Modelling has been undertaken on a pre-tax, ungeared, real-dollars basis using a discount rate of 8%. All amounts are expressed in A$ unless noted otherwise. Input costs are as at September 2017. Commodity prices and the US$:A$ FX rate used in the Base Case are shown in Table 1 and are close to current prices. Marketing terms are based on recently received indicative terms based on specifications provided by the Company and derived from the 2017 metallurgical testwork program for a concentrate grading 8% Ni. | |
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