Brief: Panoramic Resources Says Savannah Nickel Project Operations To Be Suspended

Panoramic Resources

08/01/2024 10:12

Jan 8 (Reuters) - Panoramic Resources Ltd  PAN.AX :
    * SAVANNAH NICKEL PROJECT OPERATIONS TO BE SUSPENDED
    * ADMINISTRATORS HAVE DETERMINED THAT OPERATIONS AT SAVANNAH
NICKEL PROJECT WILL BE SUSPENDED OVER COMING DAYS
    * MAJORITY OF C.140 PANORAMIC STAFF ON-SITE AT SAVANNAH
NICKEL
PROJECT WILL BE STOOD DOWN AND UNFORTUNATELY MADE REDUNDANT
    * TRADING IN PANORAMIC’S LISTED SECURITIES ON THE ASX
REMAINS
SUSPENDED
    * ADMINISTRATORS WILL CONTINUE DUAL TRACK  STRATEGY TO SELL
OR
RECAPITALISE PANORAMIC BUSINESS

Source text for Eikon:  ID:nASX3BxYtq 
Further company coverage:  PAN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))