Panoramic takes on more debt

ZETA Resources has extended a further lifeline to struggling nickel-copper miner Panoramic Resources, with a loan to help bridge the difficult transition from the remnant Savannah ore to the more promising Savannah North deposit.

Panoramic takes on more debt Panoramic takes on more debt Panoramic takes on more debt Panoramic takes on more debt Panoramic takes on more debt

Panoramic has taken on more debt at Savannah.

Zeta, which owns around 35% of Panoramic, recently agreed to purchase Panoramic's stake in spin-out gold explorer Horizon Gold for around A$9 million.