PROJECT FINANCE

Panoramic's view of Savannah gets worse 

PRODUCTION issues are continuing at takeover target Panoramic Resources' Savannah nickel operation in Western Australia, and output for the year won't even meet recently reduced forecasts and a further entitlement issue to raise additional working capital is now on the cards.

Savannah has suffered more setbacks.

Savannah has suffered more setbacks.

The miner provided no indication of the quantum of new funding required.   Worryingly, Panoramic believes the problems it is having at the mine could extend into the fourth quarter of the current financial...

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