Panoramic Resources and its subsidiaries PAN Transport and Savannah Nickel Mines have entered voluntary administration.
As of yesterday, December 14, Panoramic directors resolved to appoint administrators as a result of falling nickel prices.
Panoramic launched a strategic review of its Savannah project in the Kimberly region of Western Australia on November 16.
The review was designed to assess the ongoing capital requirements for Panoramic in the context of the current and forecast nickel price environment, evaluate funding options, and seek interest from third parties to submit proposals to Panoramic.
It engaged Treadstone Partners to both conduct the review and to explore various options for both the company and Savannah.
The review…
Read the full article at: https://www.australianmining.com.au/panoramic-resources-enters-voluntary-administration/