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Panoramic Resources Ltd (ASX:PAN) is on schedule to deliver first ore next month from the large, high-grade Savannah North ore body at the Savannah Nickel-Copper-Cobalt Project in far north Western Australia. This milestone will occur within just 16 months of Panoramics decision to reopen the mine, which is northeast of Halls Creek, after it was shuttered in 2016. Managing director Peter Harold told the Paydirt 2019 Australian Nickel Conference in Perth today that first ore would come from development drives being constructed to access the ore body which is in proximity to the Savannah ore body. Employee numbers grow The re-opening has seen employee numbers on-site increase from eight to more than 200, with Savannah North expected to hit full production rates as early as the New Year. He said, “The future of this mine is all about Savannah North. “We had mined Savannah for 10 years and didnt even know the Savannah North ore body was there until we took a punt and drilled a blind hole to the west. It is a big ore body, about 175,000 tonnes of nickel starting about 800 metres below surface.” Size unknown “We dont even know how yet how big it is, but we estimate around two kilometres in strike and we have only drilled out about a third of the potential strike,” he said. “Importantly, Savannah Norths output at full speed will be around 950,000 tonnes of ore a year at about 1.5% nickel – better grades than Savannah and we will mine it at a higher rate than the previous of 750,000 tonnes. “So, it has been a remarkable effort to get to this point so quickly.” Twin decline well advanced Development of the mines twin decline is well advanced with construction also progressing on a 900-metre ventilation shaft, which is due for comRead More – Source
