AGREEMENT TO SELL LANFRANCHI TO BLACK MOUNTAIN METALS FOR A$15.1M

Highlights

• Lanfranchi Nickel Project to be sold to Black Mountain Metals LLC for a total cash consideration of A$15.1 million
• Divestment consistent with Panoramic’s strategy to focus on the long-life Savannah Ni-Cu-Co Project
• Funds from the sale will strengthen Panoramic’s balance sheet
• Transaction expected to close during the December 2018 quarter