Variedvistas
forPanoramic
The company has a proven record of getting new ventures off
the ground and coupled with an experienced team, Panoramic are
on track to deliver on their growth ambitions.
Panoramic has over 200,000 tonnes of nickel, copper and cobalt
in resource at the two nickel mines which currently generates
their cash flow. In 2012 the nickel operations in the Kimberley
(
Savannah) and at Kambalda (Lanfranchi) produced 19,600 tonnes
–
more than the full year guidance of 18,500 to 19,500 tonnes of
nickel. Since 2005, the company has generated nearly $2 billion
in net revenue from the two assets, and paid out over $105 million
in fully franked dividends.
Mr Harold said the upside for the Savannah project is
looking good. “We have discovered mineralisation approximately
900
metres below surface (the 900 Fault) and we believe that is
the future of the project. We have to make sure that our costs
come down, so that we can be competitive in this new nickel
price environment.”
The Lanfranchi project produces 11,000 to 12,000 tonnes
of contained nickel per annum with ore reserves to 2016.
The company recently announced a maiden resource of 6,400
tonnes of nickel at its Jury-Metcalfe deposit at the Lanfranchi
operations. “Once you are in these channel structures, you seem to
find more mineralisation – and we are continuing to do just that,”
said Mr Harold.
As well as focusing on the economic aspects of business,
Panoramic is committed to the environmental and social impacts
of their mining activities. Due to the location of their operations in
Western Australia, the company comes into contact with a number
of small Indigenous communities.
“
The effect we have on these communities is an important
measure of our success, and we are committed to making a
difference. Through local partnership initiatives, we want to
engage with communities to assist in the areas of employment,
health, education and sustainability,” says Mr Harold.
The company supports several enterprises focused on
community cohesion, safety and wellbeing, and employment
and training opportunities. Other contributions have included
seed funding to publish a series of books focused on money
management (using land and animal themes designed for
Aboriginal people) and funding for school programs to assist
students with special needs or disabilities.
Panoramic also recognises the importance of country to
Aboriginal people and has supported local programs run by
traditional owners and elders in “Learning Aboriginal Ways”. The
initiative aims to establish cultural and community authority, and
to offer support and guidance to emerging mentors and leaders.
Panoramic’s Savannah project also proudly sponsored
the opening of the Wyndham Art Gallery. The artist in residence
Peter Harold
Managing Director
Panoramic Resources Ltd
Savannah nickel operations
Western Australian-based nickel miner Panoramic Resources
has added gold, platinum and palladium to its asset base in a
strategic move designed to diversify its income stream and build
a sustainable future for the company.
“
I like the price outlook for gold, platinum and palladium
going forward,” said Managing Director Peter Harold. “With over
five million ounces of gold, platinum and palladium, all in JORC
resources and with each asset having completed feasibility or
scoping studies, our projects will be run-ready to capitalise on an
improving commodity price environment.”
Minesite 2013
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