Panoramic Resources Moves First Shipment from Recommissioned Savannah

THE BOURSE WHISPERER: Panoramic Resources (ASX: PAN) completed the first shipment of bulk nickel/copper/cobalt concentrate from the company’s recently recommissioned Savannah project in the Kimberley region of Western Australia.

Panoramic Resources loaded the shipment aboard the MV Heemskerkgracht, which departed the port of Wyndham bound for Lianyungang, China with 7,735 wet metric tonnes (wmt) of nickel/copper/cobalt concentrate onboard.

The load represents a preliminary invoice value of approximately $8.6 million.

“It is wonderful to see Savannah concentrate being shipped again from Wyndham,” Panoramic Resources managing director Peter Harold said in the company’s announcement to the Australian Securities Exchange.

“This is a significant milestone in the recommissioning of the mine and processing plant at Savannah and I would like to thank the team at Savannah for their efforts to get the project going again.”