Panoramic needs slab of funding as production forecasts chopped

TAKEOVER target Panoramic Resources needs to find new funding of A$30 million after substantially cutting its production expectations for the current year from its Savannah nickel-copper-cobalt operation in Western Australia.

Panoramic needs slab of funding as production forecasts chopped Panoramic needs slab of funding as production forecasts chopped Panoramic needs slab of funding as production forecasts chopped Panoramic needs slab of funding as production forecasts chopped Panoramic needs slab of funding as production forecasts chopped

Savannah needs around $30 million more.

Expected nickel output has been cut 25% to a range of between 7000-7500 tonnes, while 4500-5000t of copper and 400-450t of cobalt are also now being forecast.