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News Release                                                                     View this email in your browser

EXCELLENT SAVANNAH FAR #3 RAISE BORING PROGRESS

KEY POINTS

  • Specialist raise bore contractor, RUC Mining, successfully established the reamer head at the 1675 RL development drive and commenced back reaming mid-October
  • Back reaming of the ventilation raise has progressed safely and efficiently during the month
  • Ground conditions have been excellent to date which has enabled high productivity with back reaming more than double the planned October target
  • Potential for the ventilation raise to be completed well ahead of the end of March 2021 target based on current productivity
  • Capital development continues to progress opening additional mining levels at Savannah North
Commenting on the raise boring progress, Managing Director & CEO, Victor Rajasooriar said:

“It’s fantastic to see Panoramic site management and the RUC Mining team executing this critical and challenging project seamlessly and exceeding the targets set for October. We now look forward to continuing the progress through the coming months.

Completion of the ventilation shaft is a critical piece of work which will enable Savannah to be in a position where the Company can consider the resumption of mining and processing operations from mid-2021.”
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Panoramic Resources Limited
ABN: 47 095 792 288

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