Panoramic Resources Limited has announced that it has initiated a strategic review process to evaluate options for its Savannah Nickel Project located in the Kimberley region of Western Australia.
The Strategic Review is designed to assess the ongoing capital requirements 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 that will deliver value to Panoramic shareholders.
Panoramic has engaged Treadstone Resource Partners to conduct the Strategic Review and explore various options for both the company and its Savannah Nickel Project, which may include a partial or complete divestment of the asset, joint ventures or other funding options or partnerships.
The company has also engaged Gilbert + Tobin to assist with the Strategic Review.
The Strategic Review will seek to maximise value for Panoramic shareholders. There is no guarantee that the Strategic Review will result in any specific transactional outcome.
Read the article online at: https://www.globalminingreview.com/mining/17112023/panoramic-resources-initiates-strategic-review-of-the-savannah-nickel-project/
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