Savannah nickel operations reached highest level since restart
Panoramic Resources has announced strong improvements across all metrics in the September 2023 quarter following repair of the filter head press at its Savannah nickel operations in Australia.
The company said that mining and processing reached the highest quarterly level since the restart in 2021, adding that concentrate production increased 56% to 23,411dmt, with contained nickel production up 56% to 1,684t , copper production up 42% to 932t, and cobalt production up 76% to 135t.
Panoramic also noted that unit cost performance for the quarter improved across C1, AISC and AIC metrics due to increased production following the resumption of normal operations from early July.
The company said that September quarter C1 costs currently tracking in line with FY24 guidance of A$10.05 – $11.25/lb, demonstrating the improved operating performance following the resumption of full processing operations. The FY24 guidance continues to be retained. Managing Director and CEO Victor Rajasooriar commented, “We are pleased to have had a strong start in FY24. Operational performance has improved across the board with concentrate production at a level not seen since the restart of Savannah in 2021.I am pleased that while our operations ramped back up, our safety performance was not compromised and continued to improve.
