Update on Savannah Operations and IGO Takeover Offer

Panoramic Resources Limited (ASX: PAN) (“Panoramic” or the “Company”) provides the following update on operations at its wholly-owned Savannah nickel-cobalt-copper sulphide mine and the unsolicited, conditional off-market takeover bid announced by Independence Group NL (ASX: IGO) (“IGO”) on 4 November 2019 (“Offer”).