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Panoramic Resources Ltd.
Summary
| Project: | Thunder Bay North | |
|---|---|---|
| Deposit: | Thunder Bay North | |
| Location: | Canada | |
| Commodities: | Platinum-Palladium | |
| Date: | 9/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-9-2017: 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 2017. The Company is pleased to report that its Nickel in Ore Reserves increased by 94,500 tonnes (+424%) between FY2016 and FY2017 due to the initial Ore Reserve for Savannah North being reported in February 2017 as part of the Savannah Feasibility Study (refer to the Company’s ASX announcement of 2 February 2017). Based on the February 2017 Feasibility Study, the Ore Reserves at the Savannah Project are able to sustain a mine life of approximately ten years. There were no other changes in nickel Ore Reserves during FY2017. Nickel in Mineral Resources increased by 57,300 tonnes (+22%) between FY2016 and FY2017 due to additions at Savannah North (refer to the Company’s ASX announcement of 24 August 2016), partly offset by the removal of Copernicus Resources. The Savannah Project now contains 218,300t contained nickel, making the project one of the largest medium-grade nickel sulphide deposits in Australia. There were no other changes in nickel Mineral Resources during FY2017. | |
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