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Panoramic Resources Limited (“Panoramic” or the “Company”) is pleased to provide the following update on the Company’s wholly owned Savannah Nickel/Copper/Cobalt Project in the Kimberley region of Western Australia.  Significant progress has been made at site with the first concentrate shipment on track for early in the March 2019 quarter. 
 
Commenting on the progress, Panoramic’s Managing Director Peter Harold said “with the decision to restart made on 16 July 2018, following the signing of a new four-year Offtake Agreement with Sino Nickel (the Jinchuan/Sino Mining JV) and securing the $40 million Project Financing Facility with Macquarie Bank, activities have increased significantly on site. The process plant refurbishment, which commenced in the March 2018 quarter, is on track and we have now committed to all other site works required for the restart of operations and development of the Savannah North orebody, including the ventilation rise, the tailings storage wall lift and recommissioning of other site infrastructure. We have commenced the recruitment drive and have had overwhelming interest from potential employees.
 
“The Human Resources Team is doing an excellent job and we have secured key personnel as we ramp up to the full complement of around 250 personnel. The team on site is doing an outstanding job as activities pick up and we move towards operational readiness. We are excited about being back in production and generating cash flow after a 2½ year hiatus.”