Operations

The Copernicus Project, a nickel sulphide orebody located 50 kilometres south of the Savannah Project, is currently on care and maintenance. Panoramic is the operator of the Copernicus Joint Venture (Panoramic 60%, Thundelarra 40%), and following the completion of a Feasibility Study, the joint venture partners agreed to develop the open pit mining operation at Copernicus and supply the ore to the Savannah Mill for toll treating.

The open pit and associated infrastructure are fully developed, and are ready to be re-opened at short notice when the nickel price recovers to a level that will provide both parties with an acceptable return on their investment.