The Lanfranchi Operations and associated Tramways Tenements (the Lanfranchi Project) are located 42 kilometres south of Kambalda, Western Australia.
Significant milestones have been achieved by Lanfranchi in the last twelve months including reaching one million tonnes of ore mined and 25,000 tonnes contained nickel delivered to the Kambalda Concentrator since the project was purchased in 2004.
As at 30 June 2009, the Lanfranchi Project has a proven and probable Reserve of 2.8 million tonnes at 2.53% nickel for 71,500 tonnes contained nickel. Based on the current mine production schedule, the Lanfranchi Project has a mine life of at least seven years. However, based on the significant resource base, the recent exploration success, the prospectivity of the tenements and subject to favourable economics, Panoramic is confident the Lanfranchi Project could be operating for at least the next ten years.
2.8 Mt @ 2.53% for 71,500t Ni
405,770t of ore for 10,690t Ni