Panoramic seeks buyers for Gidgee
KALGOORLIE (miningweeky.com) – Nickel-focused Panoramic Resources would undertake a more formal process to sell its Gidgee gold project, MD Peter Harold said on the sidelines of the Diggers & Dealers conference.
Panoramic and its joint venture partner Matsa Resources sold the Mt Henry gold project to fellow-listed Metals X in July, in exchange for 22-million fully paid ordinary shares in the company.
The Mt Henry project had a Joint Ore Reserves Committee-compliant resource of some 1.65-million tonnes, grading 1.19 g/t gold for 922 900 oz.
Harold said on Wednesday that a number of parties, including Chinese investors, had already shown an interest in buying the Gidgee operation.
A 2012 scoping study estimated that the project would require a capital investment of some A$127-million to deliver an 80 000 oz/y to 90 000 oz/y operation.
The project covers some 1 200 km2 of prospective tenements in the East Murchison province.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation