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CORRECTION, TODAY'S ANNOUNCEMENT BELOW
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Updated Savannah Feasibility Study
“Enhances fundamentals for a decision to restart”
Highlights
- Life-of-mine cash costs (Base Case - after by-product credits):
- C1 cash costs - US$1.50/lb or A$1.90/lb (nickel in concentrate)
- Operating cash costs - US$2.40/lb or A$3.10/lb (payable nickel)
- Annual Production - metal in concentrate (LOM average):
- 10,800t nickel, 6,100t copper, 800t cobalt
- Mine life - approximately 8.3 years
- Life-of-mine (LOM) metal in concentrate production*:
- 90,200t nickel, 50,700t copper, 6,700t cobalt
- Project highly leveraged to the US$ nickel price and the US$:A$ FX rate
Panoramic’s Managing Director, Peter Harold said “The update of the Savannah Feasibility Study has enhanced the fundamentals prior to a decision to restart the Savannah Project. The improved mine plan and higher level of confidence around expected future production and costs, together with the short lead time, long mine life and modest capital investment required to resume operations and the outstanding exploration upside, places Panoramic in a strong position to take full advantage of the expected upswing in commodity prices.”
CLICK HER FOR THE FULL ANNOUNCEMENT
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