Articles On Panoramic Resources (ASX:PAN)

IGO is set to own up to $18.4 per cent of New Century Resources through a $27 million investment in the operator of the Century zinc mine in Queensland. New Century has today launched a $51.1 million capital raising that will allow it to ra...

Shareholders in nickel miner and processor Panoramic Resources will be wistfully remembering the days when a $300 million-plus takeover offer was on the table. 

Panoramic Resources has suspended its operations at the Savannah nickel mine in  the East Kimberly region, Western Australia due to the coronavirus’ ongoing impact to operations. The temporary suspension has affected multiple aspects of Sav...

The company recently updated the market outlining that its Savannah Nickel Mine is operating in line with schedule.

The company’s major shareholder Zeta Resources recently confirmed it will provide an unsecured loan of $8 million to support activities at the Savannah Project.

Around $3.4 million of the loan principal will be off-set by the transfer of about 17.2 million Horizon Gold shares agreed to be sold by Panoramic to Zeta.

Panoramic updated the market last week outlining that its Savannah Nickel Mine is operating in-line with schedule.

The majority of the shares will be sold to Zeta Resources, subject to the approval of Panoramic shareholders.

Significant range of measures implemented to minimise risk of potential COVID-19 transmission and efficiently manage recent interstate and Kimberley region travel restrictions.

Panoramic's focus is on first stoped ore from the Savannah North deposit which is on schedule for mid-March, with a progressive ramp up of stoped ore volumes expected throughout the rest of the year.

Panoramic Resources has handed underground operational management of the Savannah nickel mine in Western Australia to Barminco. The contractor expects additional underground fleet to arrive on site over coming weeks to improve equipment rel...

The company also noted that first stoped ore from the Savannah North deposit is on schedule for March 2020.

ShareCafeIGO Dependent On Exploration Success IGO Ltd ((IGO)), formerly Independence Group, is supported by a low-cost position, gold & nickel exposure and exploration potential, although brokers disagree about the extent this is priced...

The medium-term production outlook for nickel and gold producer IGO Ltd remains heavily dependent on exploration success. -Weaker second half likely, stemming from lower production at Tropicana -Mixed views on dividend outcome -A return to...

As the coronavirus continues to spread across global markets, the ASX ended a rollercoaster week with some marginal gains. After yesterday’s decline, today’s turnaround came from a last-minute reversal on Wall Street. The Dow Jones spen...

Panoramic Resources has selected Barminco as its preferred contractor for the Savannah project in the Kimberley region, Western Australia. The contract, which is worth around $200 million will see Barminco complete mine development, product...

The S&P/ASX 200 index has given back its morning gains and is trading notably lower in afternoon trade. At the time of writing the index is down 0.45% to 6,999.5 points. Four shares that are falling more than most today are listed belo...

The Aussie market wavers around yesterdays closing mark, following marginal shifts in US indices overnight. By mid-session, the benchmark ASX 200 was just ten points below yesterday’s close of 7,031 points. The US industrial index, the...

Panoramic has also revised production guidance to reflect a longer forecast mobilisation and personnel sourcing period and a more conservative ramp-up.

Edwards is the person appointed under Listing Rule 12.6 to be responsible for communications with ASX in relation to Listing Rule matters.

IGO has changed its name from Independence Group to IGO Limited, marking a change in its company type and constitution. Further to the new identity, IGO has also shifted from a no liability company to one that is limited by shares. Under th...

The off-market takeover bid has lapsed and Independence is no longer a substantial holder.

The strong support for the entitlement offers shows investor’s recognition of the company’s long-term value potential.

RECENT battler Panoramic Resources welcomed buyers its way as nickel price showed a bit of life, while a bunch of zinc producers – New Century, ...

Independence Group (IGO) has terminated its takeover offer for Panoramic Resources on the basis of a breach of conditions. IGO had previously extended its takeover offer to Panoramic to January 17 but will now let the offer lapse. The acqui...

Few people are at their desks in the week between Christmas and new year, which means it’s a prime dumping period for companies wanting to hide bad news. But there’s always someone who draws the short straw in a newsroom and this year it wa...

Panoramic and Benton Resources Inc. of Canada have agreed to terminate their agreement as Benton has assigned its rights under the agreement to Regency.

The transition of mining to Savannah North is expected to drive an increase in contained metal production through CY2020.

The share price of Independence Group NL (ASX: IGO) dropped over 1% today after giving an update about its dropped Panoramic Resources Ltd (ASX: PAN) takeover offer, the Panoramic share price rose 1.6% today. Today, Independence Group gave...

2019 hasn’t been a good year for cobalt. After hitting a record $US95,000 ($138,081) a tonne in March 2018, the battery metal became a market darling and a drawcard for a lot of explorers. But in 2019, the cobalt price wiped off nearly 74 p...

As the dust settles on the Panoramic (ASX:PAN) and Independence Group (ASX:IGO) takeover scuffle, IGO has suddenly changed its tone The company says it believes the value of its proposition has “eroded” As such, IGO will let its takeover o...

Domino’s Pizza (DMP), Stavely Minerals (SVY) and Panoramic Resources (PAN).

Mining and tech stocks helped the ASX edge higher for a second day on holiday-reduced volumes. The ASX 200 advanced 15 points or 0.2 per cent to 6809 by mid-session following another round of record closes on Wall Street. The S&P 50...

In afternoon trade the S&P/ASX 200 index is on course to end the week on a high. At the time of writing the benchmark index is up 0.15% to 6,805.3 points. Four shares that have failed to follow the market higher today are listed below....

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The Independence Group NL (ASX: IGO) share price is pushing higher following an announcement relating to its takeover of fellow nickel producer Panoramic Resources Ltd (ASX: PAN). At the time of writing the Independence Group share price i...

Independence Group (ASX:IGO) has given up on its pursuit of smaller target Panoramic Resources (ASX:PAN) after “a number” of defeating conditions were breached. The $3.7 billion Independence told shareholders today that it planned to let it...

The board is now reviewing the report and will make a response, in the interim it recommends shareholders should take no action regarding the offer.

Panoramic Resources (PAN), Superloop (SLC) and Novonix (NVX).

INDEPENDENCE Group's decision to allow its all-scrip takeover bid for troubled nickel miner Panoramic Resources to lapse looks to have been the ...

Independence Group (IGO) has extended its takeover offer for Panoramic Resources to January 17 2020 in light of contract breaches related to the bid. IGO’s hostile, off-market takeover bid was originally announced on November 4 after unsucc...

18 Dec 2019 - The Independence Group NL (ASX:IGO) is looking to extend the offer period for the off market take over offer for Panoramic Resources.

The board’s current recommendation is that shareholders should reject IGO’s takeover offer.

Mike is a chartered accountant with over 20 years of experience in corporate finance, principally within the resources industry.

There has been strong support and take-up from institutional shareholders, raising $3.9 million.

06 Dec 2019 - The Independence Group (ASX:IGO) will not participate in Panoramic Resources (ASX:PAN) entitlement offer.

Panoramic directors have unanimously recommended that shareholders reject the unsolicited, highly conditional off-market takeover bid by Independence Group NL.

Panoramic Resources plans to transition to a predominantly contract mining model at the Savannah nickel-copper-cobalt project in Western Australia. The company, in an operational review, has blamed a reliance on second hand equipment and th...

The Independence Group NL (ASX: IGO) share price climbed higher today after its takeover bid for Panoramic Resources Ltd  (ASX: PAN) was unanimously rejected. Why did the Independence Group share price rise? In an announcement made to the...

Investors would reduce their exposure to ‘near-term improvements in operational performance’ if they accepted the offer.