Savannah Ni Project WA

Panoramic uncovers ‘better-than-expected’ mineralised intercepts at Savannah Nickel Project, WA

Panoramic Resources (ASX:PAN) reports ‘significantly’ better than previously predicted mineralised intercepts from ongoing infill underground resource definition drilling at its Savannah Nickel Project in Western Australia.

In the June quarter the company started a new underground drill program to test and infill the poorly drilled area of the Savannah orebody located immediately below  historical workings and above the 900 Fault.

The drill program is being undertaken from a drill cuddy on the 1,425m level that was recently developed as part of ongoing mine access to this area of the Savannah mine.

Mineralisation intercepts include:

  • 30m @ 1.29% Ni; 0.97% Cu and 0.06% Co from 128m in KUD1930A
  • 20m @ 1.24% Ni; 1.45% Cu and 0.07% Co from 121.3m in KUD1939
  • 15m @ 2.10% Ni; 1.35% Cu and 0.11% Co from 142.55m in KUD1944
  • 10m @ 1.45% Ni; 0.64% Cu and 0.07% Co from 189m in KUD1945

Commenting on the drill program, Managing Director and CEO Victor Rajasooriar said: “The scale of mineralisation at Savannah and Savannah North continues to pleasantly surprise us as we increase drilling density from more favorable underground positions.

These initial Savannah drill results have immediate potential to increase our mineral inventory above the 900 Fault and support the planned opening of a new mining front in the Savannah orebody over the next 12 months to support the current mining operations at Savannah North.

“The consistency of the better-than-expected mineralised intercepts and the discovery of a new lens augurs well for intersecting similar thicknesses and grades below the 900 Fault”

The consistency of the better-than-expected mineralised intercepts and the discovery of a new lens augurs well for intersecting similar thicknesses and grades below the 900 Fault.”

The 1,425m and subsequent mine development in this area provides much improved (near perpendicular to strike) drill angles to evaluate this part of the Savannah orebody. When completed this development is also ideally positioned to continue testing the orebody below the 900 Fault which currently contains a Mineral Resource of 14,900 nickel tonnes at an average grade of 1.65% nickel.

Results for the initial drill fan of four holes completed above the 900 Fault from the 1,425m cuddy have returned ‘significantly’ thicker mineralisation intercepts than predicted by the current Savannah resource model for this area of the orebody.

The increased thicknesses are particularly noticeable at depth as the orebody approaches the 900 Fault and is therefore likely to increase the current Mineral Resource in this area.

Panoramic Resources is headquartered in Perth, Western Australia, and owns the Savannah Nickel Project in the East Kimberley, which was restarted in 2021 and was successfully recommissioned with first concentrate shipment achieved in December last year.

Images: Panoramic Resources Ltd
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.