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Panoramic Resources Ltd.
Summary
| Project: | Thunder Bay North | |
|---|---|---|
| Deposit: | Thunder Bay North | |
| Location: | Canada | |
| Commodities: | Platinum-Palladium | |
| Date: | 9/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-9-2018: Panoramic Resources Ltd. announces a Resource Estimation report for its Thunder Bay North deposit at the Thunder Bay North project. JV - Annual statement of mineral resources, unchanged since last estimate. Panoramic Resources Limited (ASX Code | |
| Resources: | (Resource, Total): 10.4Mt @ 1.13g/t Pt, 1.07g/t Pd at Thunder Bay North | |
| CP/QP: | [Resources]: John Hicks (Internal) | |
| ABSTRACT: | Panoramic Resources Limited (ASX Code: PAN) is pleased to announce the Group’s Annual Mineral Resources and Ore Reserves Statement as at 30 June 2018, summarised in Table 1. There were no changes between FY2017 and FY2018. The detailed data by commodity and project are shown in Tables 3 to 5. For the FY2018 Ore Reserve Review, the Company compiled current US$ commodity price and US$:A$ foreign exchange rate forecasts over the medium term, from a range of external parties. The Company notes that the current US$ commodity price forecasts are higher than the assumptions used for the 30 June 2016 Ore Reserves for Savannah and Lanfranchi and the February 2017 Ore Reserve for Savannah North, although the US$:A$ exchange rate is also higher. In A$ terms, the nickel price assumption for the FY2018 Ore Reserve Review is materially unchanged from that used for the previous Ore Reserve estimates. Commodity prices and US$:A$ foreign exchanges rate used for Ore Reserve reporting are as shown in Table 2. | |
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