About Us

History

Milestones

2011
Net profit of $22.3 million
Total dividends of 6 cents per share (fully franked)
Cash and receivables of $126.4 million
Group Production of 17,027t Ni
Acquisition of the Gidgee Gold Project
26% increase of the Cruickshank Resource to 33,560t Ni
Initial Helmut South Extension Resource of 7,080t Ni
New nickel mineralisation down plunge of Deacon
Three new JV's in Norway with Drake Resources

2010
Continual improvements in safety performance
Production of 17,458 tonnes contained nickel (equity basis)
Offtake agreement extended with Jinchuan for 100% of Savannah output for another 10 years
Maiden Savannah Project Lower Zone Reserve of 43,200 tonnes contained nickel
Net profit after tax of $56.2 million, our second highest on record
Cash flow of $131.8 million from operations before tax
Total dividend payout of 16.5 cents per share, fully franked
Effective hedging program delivers revenue contribution of $34.1 million
Strong cash position & receivables of $158.3 million
New joint ventures signed to explore for base metals in Scandinavia and gold in Alaska

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