PROJECT FINANCE

Panoramic flags $19M raising

REVISTALISED nickel-copper-cobalt producer Panoramic Resources has been challenged on multiple fronts in resurrecting its Savannah mine in Western Australia’s Kimberley, and today the company has announced revised financing terms and a A$19 million capital raising plan to ensure it can hit its targets.

All smiles when the Savannah financing was signed last year.

All smiles when the Savannah financing was signed last year.

The floor has fallen out from under cobalt, and while the nickel price has just hit its highest level in six months, the slower ramp-up of Savannah and delayed development of the adjacent Savannah North...

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