The report is expected to be finalised on or around 23 December 2019.
At this point in time, Panoramic’s board maintain their unanimous recommendation that Panoramic shareholders reject the IGO takeover offer.
The board is seeking alternative proposals
Panromaic has opened the door to other interested parties by establishing a data room in recent weeks.
The data room provides information to interested parties to conduct due diligence, to allow them the opportunity to put forward alternative proposals.
The board believes these alternative proposals have the potential to maximise value for Panoramic shareholders.
Operational review also underway
The Panoramic board also remains focused on delivering the full potential of the Savannah Nickel Project.
First development ore was produced from the Savannah North deposit recently and ore production is expected to ramp up over the coming quarters.
An Operational Review is currently underway targeting an improved operational performance at Savannah.
Outcomes of the Operational Review, including updated production guidance for FY2020, are expected in the coming weeks.