PAN News: New Non-Exec Director

Panoramic Resources Limited (ASX Code: PAN) is pleased to announce that Rebecca Hayward will join the Board of the Company as a non-executive director, effective from 21 June 2018.

Rebecca is an experienced infrastructure and resources lawyer, with a strong background in mining, energy and large scale infrastructure transactions. Rebecca currently manages the legal, contracts and procurement function for the Projects division of a large resource company.

Rebecca was a Senior Associate at Clayton Utz in the Melbourne Construction and Major Projects team, where she had a lead role in a number of large infrastructure projects for the private and public sectors.

In 2009, Rebecca worked for Kimberley Community Legal Service, based in Kununurra, where she developed a good understanding of the local issues and a love for the area.

Together with her experience in the resources sector, Rebecca will bring a deep knowledge of regulatory obligations and corporate governance to the Panoramic Board. The Company looks forward to the significant contribution she will make as Panoramic progresses towards the re-start of the Savannah Project.

About the Company
Panoramic Resources Limited (ASX code: PAN) is a Western Australian mining company formed in 2001 for the purpose of developing the Savannah Nickel Project in the East Kimberley. Panoramic successfully commissioned the $65 million Savannah Project in late 2004 and then in 2005 purchased and restarted the Lanfranchi Nickel Project, near Kambalda. In FY2014, the Company produced a record 22,256t contained nickel and produced 19,301t contained nickel in FY2015. The Lanfranchi and Savannah Projects were placed on care and maintenance in November 2015 and May 2016 respectively.

Following the successful development of the nickel projects, the Company diversified its resource base to include platinum group metals (PGM) and gold. The PGM Division consists of the Panton Project, located 60km south of the Savannah Project and the Thunder Bay North Project in Northern Ontario, Canada, in which Rio Tinto is earning 70% by spending up to C$20 million over five years. Following the ASX listing of Horizon Gold Limited (ASX Code: HRN) in December 2016, the Company’s interest in gold consists of an indirect investment in the Gum Creek Gold Project located near Wiluna through its 51% majority shareholding in Horizon.

At 31 March 2018, Panoramic had $22.9 million in available and restricted cash, and no bank debt.

The Company’s vision is to broaden its exploration and production base, with the aim of becoming a major, diversified mining company in the S&P/ASX 100 Index. The growth path will include developing existing resources, discovering new ore bodies, acquiring additional projects and is being led by an experienced exploration-to-production team with a proven track record.

ASX Announcement

New Non-Executive Director - Rebecca Hayward