Savannah Operations Update

Panoramic Resources Limited (“Panoramic” or the “Company”) is pleased to provide an operational update on the Savannah nickel-copper-cobalt Project for the month of March 2019.

Key Points

• Production improvement initiatives showing results
• Development rates improved by 55%, with 300m achieved for the month
• Mining rates improved by 60%, with 41,886t ore hauled from underground
• Ore tonnes milled of 50,132t, up 125% on February
• Metal recoveries improving, nickel averaged ~80%, copper ~87% and cobalt ~84%
• Second shipment of 6,157wmt departed Wyndham on 22 March, next shipment scheduled for 22/23 April