Name of the Project
Savannah nickel project.

Location
The project is located in Western Australia.

Project Owner/s
Panoramic Resources.

Project Description
An updated mine plan based on an updated ore reserve has confirmed an attractive, near-term nickel sulphide mine restart opportunity.

The updated reserve at Savannah, which includes Savannah North, comprises 8.3-million tonnes grading 1.23% nickel, 0.59% copper and 0.08% cobalt for contained metal of 102 000 t nickel, 48 500 t copper and 7 000 t of cobalt. The ore reserve underpins an estimated 13-year mine life.

Mine scheduling has been adjusted to ramp up ore production to 960 000 t/y as quickly as possible. Ore sourced from Savannah North underpins the potential restart strategy, with scheduling of ore from Savannah remnants limited to a maximum of 25 000 t a month.

The new mine plan envisages average production of 8 810 t/y nickel, 4 579 t/y copper and 659 t/y cobalt in concentrate over 12 years.

The mining methods used in the life-of-mine plan are in line with the previous operation, as a top-down, longhole open stoping mining method using paste fill is implemented. This mechanised, nonentry method has proven to be a safe, productive mining method at Savannah.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of A$262-million and an internal rate of return of 67%.

Capital Expenditure
Not stated.

Planned Start/End Date
Underground preproduction development will restart in August 2020 to complete the Savannah North ventilation raise and certain additional underground works to support the future mining of Savannah North.

These programmes will leave the project significantly derisked and capable of being restarted in the first half of 2021.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Entech (updated mine plan).

Contact Details for Project Information
Panoramic Resources, tel +61 8 6266 8600 or email info@panres.com.