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 region of Western Australia. Panoramic successfully commissioned the $65 million Savannah Project in late 2004 and went on to purchase and restart the Lanfranchi Nickel Project near Kambalda, Western Australia in 2005.
Following the successful development of the nickel projects, the Company diversified its resource base to include gold and platinum group metals (PGM). The Gold Division consists of the Gum Creek Gold Project located near Wiluna, Western Australia.
The PGM Division consists of the 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% in the project by spending up to C$20 million over five years. The two advanced PGM projects have total combined Resources approaching 3Moz Pt+Pd.
Panoramic has been a consistent dividend payer and has paid out a total of $114.3 million in fully franked dividends since 2008.
The Company’s 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 and acquiring additional projects. The Company’s vision is being driven by an experienced exploration-to-production team with a proven track record.
Well Positioned and Committed to Growth
The 10 Year Plan
- Improve our safety culture so every employee believes that safety is our most important value in line with our safety mantra; Vision, Commitment, Results
- Optimise our metal production to maximise our margins
- Grow our existing resources and reserve base to extend the mine life of our operations
- Acquire additional assets to become a diversified mining house
- Maintain a steady dividend stream and ultimately become an S&P/ASX 100 Company
We strive to achieve excellence in all aspects of our business to provide long term capital growth and dividend return to our shareholders, a safe and rewarding work environment for our employees, and opportunities and benefits to the people in the communities we operate in.