Panoramic Resources mulls sale of flagship nickel asset

  • Friday, November 17, 2023
  • Source:ferro-alloys.com

  • Keywords:nickel, ore, steel
[Fellow]Panoramic Resources (ASX: PAN) has launched a strategic review of its flagship Savannah nickel project, in the Kimberley region of Western Australia, amid weak battery metal prices.
[Ferro-Alloys.com] 
 
Panoramic Resources mulls sale of flagship nickel asset
 
Panoramic Resources (ASX: PAN) has launched a strategic review of its flagship Savannah nickel project, in the Kimberley region of Western Australia, amid weak battery metal prices.
 
The company said it was open to the asset’s total or partial sale, as nickel prices have fallen about one-third since the beginning of the year and they are expected to remain depressed.
 
The review, Panoramic said, will assess ongoing capital requirements in the context of the current nickel market environment. It will also evaluate funding options, including proposals from third parties.
 
 
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  • [Editor:邢亚敏]

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