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Barminco Handover Complete


HIGHLIGHTS

  • Underground operational management of the Savannah Nickel Mine successfully transitioned to Barminco.
  • Further new underground fleet expected to arrive on site over coming weeks.
  • Targeted to deliver significant underground mining efficiencies and drive production volumes. Panoramic Resources Limited (ASX:PAN) (Panoramic or the Company) provides an update on key activities at its Savannah Nickel Mine.


Underground contract transition complete
Panoramic is pleased to confirm that it has now successfully transitioned all underground mining activities at the Savannah Nickel Mine to the stewardship of leading underground contractor,

Barminco Limited (Barminco). Barminco has rapidly mobilised its key personnel and initial equipment to site, with the underground transition and full operational handover occurring ahead of schedule on 1 March 2020. Further new underground fleet is expected to arrive at the Savannah Mine over the coming weeks.

The newer mining fleet supplied by Barminco is expected to deliver enhanced equipment reliability. Together with Barminco’s proven expertise and operating systems, this is expected to significantly increase operational efficiencies and drive production volumes towards targeted levels.

   ENDS.

Panoramic Resources Limited
Interim Report for the Half Year 31 December 2019
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Panoramic Resources Limited
ABN: 47 095 792 288

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