New Managing Director/CEO Appointed

Panoramic Resources Limited (“Panoramic” or the “Company”) wishes to advise that Mr Victor Rajasooriar has been appointed as the Company’s new Managing Director and Chief Executive Officer, with a commencement date of Monday, 11 November 2019. Mr Rajasooriar’s appointment follows on from the announcement made in August 2019 that the Company’s long serving Managing Director, Peter Harold, would be leaving the Company after over 18 years in the role.

Victor is a Mining Engineer with more than 20 years’ operational and technical experience in multiple disciplines across both underground and open pit operations. He holds a Bachelor of Engineering (Mining) from the WA School of Mines, a WA First Class Mine Managers Certificate and is a member of the Australian Institute of Mining and Metallurgy (AusIMM) and the Australian Institute of Company Directors (AICD).

Victor was most recently the Managing Director and CEO of Echo Resources Limited (ASX: EAR) a Company that is focused on gold in the Yandal Belt region of Western Australia. Echo is currently the target of a takeover by Northern Star Resources Limited. Prior to joining Echo, Victor held the role of Chief Operating Officer for leading underground mining contractor, Barminco Mining. In that role, Victor had responsibility for the tendering and execution of contracts and for overseeing the achievement of strict safety, cost and production targets. He was also the Managing Director of Breakaway Resources Limited and held senior operational positions for a range of mining companies including Newmont, Grange Resources and Bass Metals.

Panoramic Chairman, Brian Phillips, welcomed Victor to the role and thanked Peter for his many years of dedication and service to the Company.

“The Board is delighted to appoint Victor to the position of Managing Director and CEO and looks forward to his contribution at what is an exciting time for Panoramic as the Savannah Project is about to commence mining the high-quality Savannah North nickel-copper-cobalt deposit”, Mr Phillips said.

“Peter has been an exemplary MD with a sound knowledge and expertise in the nickel industry. His leadership and corporate acumen will be sorely missed by all the Company’s stakeholders”.

The terms and conditions relating to Mr Rajasooriar’s employment are contained in Appendix A.

For further information contact:
Peter Harold,
Managing Director
+61 8 6266 8600