Temporary suspension of operations at Savannah Nickel Mine
Production and cost guidance withdrawn
Progression of potential funding options continues
Managing Director and CEO, Victor Rajasooriar, commented:
“This has been a difficult decision to take but is unquestionably the right one for the current operating environment and Panoramic’s particular circumstances. We believe that it will protect the welfare of our staff and contractors, and the surrounding communities, as well as target the preservation of shareholder value through these difficult times. We greatly appreciate the support of all our stakeholders through this period in what is an incredibly challenging environment for them also.”
