Panoramic's Savannah on track

PANORAMIC Resources has reported its Savannah nickel-copper-cobalt project restart is on track for first production early next year, with both an initial drawdown of debt funding and recommissioning of the process plant expected next month.

Panoramic's Savannah on track Panoramic's Savannah on track Panoramic's Savannah on track Panoramic's Savannah on track Panoramic's Savannah on track

Panoramic said the hedging for the project loan of up to A$40 million from Macquarie Bank had been executed, with an initial hedge of 7000t nickel for delivery between February 2019 and June 2021