Panoramic Resources’ board has approved the restart of the Savannah nickel project in Western Australia.
The decision follows the completion of a review and implementation of operational strategies aimed at improving and de-risking the project.
The East Kimberley-based Savannah project was commissioned in 2004 and produced until 2016, following which it was placed on care and maintenance.
Panoramic, however, recommissioned the mine in 2018 upon the discovery of the Savannah North orebody. Operations were temporarily suspended last year.
The underground development and mining work at the Savannah North project is slated to recommence in August.
In this regard, a letter of intent has been issued to Perenti Global’s underground mining subsidiary Barminco for the development and production works at the Savannah project.
Under the contract, Barminco will undertake underground mine development and production works at the mine with mobilisation scheduled in July.
Barminco and Panoramic plan to work towards finalising the documentation in the coming weeks.