About Us

History

Milestones

2009

• Significant improvements in safety outcomes
• Record nickel production of 18,752 tonnes (100% basis)
• Secured 100% ownership of the Lanfranchi Project
• Gross profit of $31.7 million (before tax & impairment)
• Net profit after tax and impairment of $5.6 million
• Cash flow of $54.8 million from operations before tax
• Net assets of $286.3 million; a 24% year-on-year increase
• Total dividend payout of 3 cents per share (fully franked)
• Hedge book $43.7 million in the money
• Strong cash position & receivables of $95.9 million

2008

• Record production of 14,883 tonnes nickel
• Net profit after tax of $53.3 million
  
• Deacon Resource increased to 2.2 million tonnes at 2.83% nickel for 63,500 tonnes contained nickel
• Total dividend payout of 12 cents per share (fully franked)
• Savannah Resource upgrade of 44% to 70,300 tonnes nickel
• Shareholders vote to change name to Panoramic Resources Limited
• Commencement of Copernicus Project mine development

2007

• Record net profit after tax of $88.1 million
• Maiden fully franked dividend of 12 cents per share
• Initial Deacon Reserve of 1.7 million tonnes at 2.54% nickel for 43,000 tonnes contained nickel
• Group production reaches 13,225 tonnes nickel
• Senior and subordinated project debt repaid
• Company admitted to the ASX/S&P 200 Index
• Initial Deacon Resource of 58,000 tonnes nickel
• Initial Deacon Resource of 58,000 tonnes nickel

2006

• Winner Mine approval
• Deacon mineralisation discovered
• Winner Resource upgrade to 110,000 tonnes at 5.56% nickel
• $20 million equity raised at $1.25 per share
• Copernicus joint venture (60%) confirmed

2005

• Maiden profit of $12.2 million
• First Lanfranchi Project ore delivered to BHP Billiton Nickel West

2004

• Lanfranchi acquisition finalised
• Savannah Plant commissioned
• Open pit mining commences at Savannah

2003

• $52 million project debt facility secured
• Off take agreement signed with Jinchuan and Sino Mining

2002

• Bankable feasibility study for the Savannah Project completed

2001

• Company listed on the ASX