News Articles for Panoramic Resources

Creditors in felled nickel miner Panoramic Resources have voted to approve a rescue proposal from ASX-listed shareholder Zeta Resources this afternoon.

An ASX-listed shareholder in Panoramic Resources has lobbed a rescue bid to potentially pull the shuttered nickel miner out of administration.

Our board moves wrap includes Michael McCormack, Don Lindsay, Ian Cockerill, Jeremy King, Mark Hohnen, Robert Black, Gavin Ryan, William Foster, Geoff Newman, Matt Freedman, Mark Connelly, Suzie Foreman, Jon McLoughlin, Nicole Duncan, Peter Sullivan, Rebecca Hayward, Gillian Swaby, Nick Cernotta, Susan Park, Mark Bolton, and Robert Klug.

Our board moves wrap includes Victor Rajasooriar, Grant Dyker, Simon McKeon, Joshua Gordon, and George Petersons.

Project scale-backs and mine closures have put jobs in the spotlight but the headline figures only tell part of the story.

An urgent meeting between battery metal bosses and politicians must result in measures to reduce costs and improve efficiency to stave off further pain in the sector, WA's peak resources lobby says.

The Federal Court has approved a six-month extension sought by administrators of collapsed miner Panoramic Resources as they examine the dozens of expressions of interest to buy.

It has been a torrid start to 2024 for WA's nickel miners as ESG credentials appear to take a backseat to low prices for some manufacturers amid global cost of living pressures.

Mark Beyer and Mark Pownall discuss Alcoa's refinery closure; Panoramic's shuttered mine; Stockland's retirement living vision; another Creasy deal; a new Yallingup resort, and preview the upcoming magazine.

The administrators of Panoramic Resources will suspend operations at its Savannah nickel mine in the Kimberley region, resulting in immediate redundancies for hundreds of staff.

There were 51 insolvency appointments to Western-Australian-incorporated companies since the beginning of December.

Troubled nickel miner Panoramic Resources has been placed in the hands of administrators from FTI Consulting after an unsuccessful bid to obtain funding or attract buyers.

Lycaon Resources has intersected more than 45m of 1 to 5 per cent visual nickel-copper sulphides from 330m after thrusting a second diamond drillhole into its Bow River project near Argyle in Western Australia's Kimberley region. The company says the sulphides show a strong correlation with the upper limit of a gravity anomaly that is open along strike in excess of 1km.

Lycaon Resources says it has intersected more than 13m of visual nickel-copper sulphides from 364m after plunging a maiden diamond drillhole into its Bow River project near Argyle in Western Australia. The company says it signals the potential for a deep and prolific economic accumulation. A second hole is planned to test the keel position of the ultramafic intrusive, where massive sulphide accumulations could exist.

Australian rockers Cold Chisel made Bow River famous way back in 1982 with their song of the same name. Now Lycaon Resources wants to do the same by unearthing a nickel-copper monster at its Bow River project in Western Australia's Kimberley region. The project is the flagship operation for a discovery-focused company more than willing to get its hands – and drills – dirty.

Base metal miner Panoramic Resources has completed the bookbuild for a deeply discounted $40 million placement.

Listed contractor NRW Holdings has secured new work through its Primero business, including on two iron ore projects in Western Australia.

Perenti has started early works on the Savannah nickel mine in WA after finalising a four-year agreement with project owner Panoramic Resources.

Panoramic Resources has decided to reopen its Savannah nickel operation, after completing a 12-month review to de-risk and improve the project.

Nickel miner Panoramic Resources has agreed to sell 80 per cent of Panton Sill, the operator of a metals project in the East Kimberley.

Panoramic Resources is selling a portion of its non-core metals project to a private entity in Dubai for $12 million.

Our weekly appointments wrap includes Rebecca Adam, Jennifer McGrath, Samantha Maddern, Tom Tolchard, Sharon Fox-Slater, Anthony Boyd, Rod Fehring, Antony Beckmand, Robert Mencel, Grant Dyker, Jeremy Sinclair and Nick Cater.

Our board moves wrap includes Steven Jackson, John Hannaford, Michael Soucik, Peter Sullivan, Nick Cernotta, Simon Ingleson, Gianmarco Orgnoni, and Stuart Usher.

Panoramic Resources has edged closer to the restart of its Savannah nickel mine in the East Kimberley after launching a $90 million capital raising, with Western Areas to emerge as a new strategic investor.

Panoramic Resources has announced the temporary closure of its Savannah nickel mine in the East Kimberley.

Our board moves wrap includes Julie Elliott, Robert Hines, James Sullivan, John Morrison, Victor Rajasooriar, Adrian Paul, Brian Talbot, Raymond van Hulst, Simon Whybrow, and Stephen Jones.

Our board moves wrap includes Henry Kinstlinger, Mike Pitcher, Darryl Edwards, Trevor O'Connor, Susan Hunter, BiaoZhun Zhu, Benjamin Chow, Simon Mottram, Luis Azevedo, Aaron Bertolatti, Jason Bontempo, ZhiLiang Ou, Brett Lambert, Rob Tyson, John Stockley, and Chris van Wijk.

Panoramic Resources will receive an $8 million unsecured loan from major shareholder Zeta Resources to fund activities at the Savannah nickel mine in Western Australia.

Mining services provider Perenti Global has secured $155.5 million in new and extended contracts for works in Australia and Africa through its surface mining operation.

Panoramic Resources has sold a portion of shares in its Perth-based subsidiary, Horizon Gold, to the company's major shareholder for $5.5 million.

Shares in Panoramic Resources have plunged by more than 33 per cent, falling to their lowest price since 2016, after the company downgraded production guidance for the underground Savannah mine in the Kimberley.

Our board moves wrap includes Allan Cripps, Darryl Edwards, Trevor Eton, Jason Brewer, Frank Knezovic, Stefan White, Cameron Williams, Bernard Aylward, and Sheena Eckhof.

Azure Capital, Canaccord Genuity and DLA Piper were among the most active advisers on corporate finance deals in 2019.

Nickel miner Panoramic Resources has reported a 72 per cent take-up by shareholders for the retail component of its underwritten $32.7 million entitlement offer, helped by support from major shareholder Zeta Resources.

Panoramic Resources has formally rejected the takeover bid from Independence Group and confirmed it is seeking to raise $31 million to fund its operations, including the underperforming Savannah nickel mine.

Poseidon Nickel has made two key additions to its board and management team as it moves closer towards the restart of its flagship Black Swan operation near Kalgoorlie.

Panoramic Resources and Independence Group have entered into a confidentiality deed which allows IGO to conduct due diligence on Panoramic and its Savannah nickel mine, in relation to an off-market takeover offer launched earlier this month.

Takeover target Panoramic Resources revealed today operational performance at its Savannah nickel project would be below previous forecasts over the next four months and that it would need to raise extra capital, with bidder Independence Group saying it would now review its offer.

Panoramic Resources has advised shareholders not to take action in respect of the off-market takeover offer launched last week by Independence Group, while also criticising some of the conditions attached to the offer.

Our daily board moves wrap includes Chris Mews, Paul MacLeman, Kaitlin Smith, Peter Sullivan, Brian Phillips, Len Troncone, Kathrin Gerstmayr, Emma Waldon, Andrea Betti, Eryn Kestel, Peter Wade, and Peter McMorrow.