Panoramic upgrades Savannah North Resource

THE DRILL SERGEANT: Panoramic Resources (ASX: PAN) has released a Resource estimate upgrade for the company’s Savannah North project on the back of a recent program of Resource definition drilling.

The Resource estimate for the Savannah North project has been upgraded to 6.88 million tonnes at 1.59 per cent nickel for 109,400 tonnes of nickel.

This has increased the total Resource Inventory at Savannah by 54,400 tonnes of nickel to 183,200 tonnes of nickel.

Total Resources of copper and cobalt have increased to 96,700 tonnes and 11,800 tonnes respectively.

Less than 30 per cent of the potential mineralisation footprint at Savannah North has been tested by Resource drilling.

“The upgraded Resource at Savannah North supports the company’s view that there is potential to add significant mine life at Savannah,” Panoramic Resources said in its ASX announcement.

“Importantly, both the Upper and Lower Zones at Savannah North are open to the east and west.”