Quarterly Report to 31 March 2018
Our latest ASX announcement, Quarterly Report to 31 March 2018, is now available for viewing.
GROUP
- Safety – no lost time injuries
NICKEL
Savannah
- Various pre-production activities underway including:
- Refurbishment of the processing plant with contractor MACA Interquip on site
- Relocation of mobile equipment, fixed plant and stores from Lanfranchi
- Preparation of tender documents for various capital projects and key contracts
- Discussions continuing with shortlisted financiers, technical due diligence conducted
- Concentrate off-takers shortlisted, updated terms received prior to the selection of preferred party/parties
- Preparations underway to drill four prospective layered ultramafic intrusions in close proximity to Savannah Lanfranchi
- Project remains on care and maintenance
- Holding costs being offset by rental of accommodation village
- Future options for Lanfranchi reviewed, Hartleys Limited appointed to assist
GOLD
Gum Creek (51% indirect)
- Exploration and evaluation studies ongoing
- Project and corporate management being provided by Panoramic staff on a cost recovery basis
PGM
Panton
- Research work by Curtin University ongoing
- Studies underway to assess the viability of producing a PGM concentrate and a chromite by-product stream
Thunder Bay North
- Discussions on exploration results and future plans for the Project ongoing
CORPORATE
- Oversubscribed one for seven Renounceable pro-rata Entitlement Offer raised $19.9 million after costs
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