Update on Unsolicited Takeover From IGO

Panoramic Resources Limited (ASX:PAN) (“Panoramic” or the “Company”) refers to the unsolicited, highly conditional scrip takeover offer for the Company announced by Independence Group NL (ASX:IGO) (“IGO”) on 4 November 2019 (“Offer”). The Panoramic Board is currently undertaking a detailed review and evaluation of the Offer and reiterates that shareholders should take no action in respect of the Offer or any document received from IGO at this stage.