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Panoramic Resources Ltd.
Summary
| Project: | Savannah Operations | |
|---|---|---|
| Deposit: | Savannah | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt | |
| Date: | 5/7/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-5-2020: Panoramic Resources Ltd. announces a Resource Estimation report for its Savannah deposit at the Savannah Operations project. Updated Mineral Resource Estimate for Project. Panoramic Resources Limited (ASX: PAN) (Panoramic or the Company) is plea | |
| Resources: | (Resources, Total): 13.45Mt @ 1.56% Ni, 0.7% Cu, 0.1% Co | |
| CP/QP: | [Resource]: John Hicks (Internal) | |
| ABSTRACT: | Panoramic Resources Limited (ASX: PAN) (Panoramic or the Company) is pleased to report an updated Mineral Resource Estimate (MRE) for the Savannah Project. The MRE will form the basis of a new Life of Mine Plan and Ore Reserve for the Savannah Project that are currently being developed and expected to be completed in approximately July 2020. Included in the MRE is an update of the Savannah North MRE, which was last reported in August 2016 (refer to the Company’s ASX announcement of 24 August 2016). The updated Savannah North MRE incorporates the drill results from the first campaign of infill grade control drilling conducted at Savannah North. The infill drill program, which commenced in July 2019 from an extended 1570 hanging wall drill drive position, was designed to infill the Savannah North Upper Zone MRE above 1290 RL to a nominal drill spacing of 20m by 20m (see Figures 1 and 2). At the time of this MRE, a total of 112 infill grade control holes had been completed, comprising 23,481 drill metres. The combined Savannah Project MRE, now incorporating this latest Savannah North MRE, is shown in Table 1. All MREs are reported at a nickel cutoff grade of 0.50% Ni. | |
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