Panoramic Resources Limited (ASX:PAN)

Victor Rajasooriar
Market Cap (AUD): 420.44M
Sector: Materials
Last Trade (AUD): 0.205 +0 (+0%)
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1. About

Panoramic Resources Limited (ASX:PAN) is a Western Australian mining company formed in 2001 for the purpose of developing the Savannah Nickel Project in the East Kimberley. Panoramic successfully commissioned the $65 million Savannah Project in late 2004 and then in 2005 purchased and restarted the Lanfranchi Nickel Project, near Kambalda. In FY2014, the Company produced a record 22,256t contained nickel and produced 19,301t contained nickel in FY2015 and between 2004-2016, the Company produced over 180,000 tonnes of nickel, 60,500 tonnes copper and 4,900 tonnes cobalt sulphide from its Savannah Nickel Project and Lanfranchi Nickel Project (prior to Lanfranchi being sold to Black Mountain Metals LLC) in Western Australia.

The Savannah project re-commenced mining in December 2018 after being placed on care and maintenance in May 2016, with the first shipment of Savannah concentrate departing Wyndham Port on 13 February 2019.

Panoramics other projects include the groups two platinum group metals projects; Panton Project, located 60km south of the Savannah Project and the Thunder Bay North Project in Northern Ontario, Canada, in which Rio Tinto is earning 70% by spending up to C$20 million over five years.

Panoramic also has a 51% majority shareholding in Horizon Gold Limited (ASX:HRN).  The Companys exposure to gold, consists of an indirect investment (via its shareholding in HRN) in the Gum Creek Gold Project located near Wiluna, Western Australia.

Panoramic has been a consistent dividend payer and has paid out a total of $114.3 million in fully franked dividends between 2008 and 2016.

The Companys vision is to broaden its exploration and production base, with the aim of becoming a major, diversified mining company in the S&P/ASX 100 Index. The growth path will include developing existing resources, discovering new ore bodies, acquiring additional projects and is being led by an experienced exploration-to-production team with a proven track record.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk