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Panoramic Resources maintains FY20 production guidance; takes steps to mitigate COVID-19 risks

Significant range of measures implemented to minimise risk of potential COVID-19 transmission and efficiently manage recent interstate and Kimberley region travel restrictions.

Panoramic Resources Ltd - Panoramic Resources maintains FY20 production guidance; takes steps to mitigate Covid-19 risks
Savannah Nickel Mine operating in line with schedule

Panoramic Resources Ltd (ASX:PAN) is continuing to operate the Savannah Nickel Mine to schedule and has maintained its financial year 2020 forecast production guidance.

The company is following all relevant government requirements and health department advice while seeking to maintain its operating capacity.

Panoramic has already put in place a significant range of measures targeted at minimising the risk of potential transmission of COVID-19.

These measures extend across the full scope of activities at the Savannah Nickel Mine and associated logistics chain, as well as within the company’s corporate office.

Minimising impact on FIFO roster

About 25% of Panoramic’s total workforce (including contract personnel) at the Savannah Nickel Mine work on a fly-in fly-out (FIFO) basis from interstate.

Various initiatives are being pursued in order to minimise any impact of these restrictions on the Savannah FIFO roster, including utilisation of the potential exemptions for FIFO mine workers and sourcing of alternative operating personnel from within Western Australia.

Some of the other measures include:

  • Extended rosters for select interstate and FIFO employees in order to minimise travel disruptions. Importantly, most Savannah personnel already operate on a 2 weeks on / 2 weeks off rotation.
  • Strict procedures on transferring personnel from Kununurra airport to the accommodation facility at the Savannah Nickel Mine, located 240 kilometres south of Kununurra.
  • Providing extended leave from work to the relatively small number of employees who are based in local communities.

Quick facts: Panoramic Resources Ltd

Price: 0.091 AUD

Market: ASX
Market Cap: $89.36 m

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