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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (31294)	1/15/2009 10:11:13 PM
From: LoneClone	Read Replies (1) of 194482

Panoramic Resources increases nickel at Deacon Project proactiveinvestors.com.au Panoramic Resources (ASX:PAN) has announced an increased Deacon Mineral Resource of 2.46Mt at 2.92% Ni for 71,800 tonnes of contained nickel which represents a 13% increase on the 30 June 2008 Deacon Resource. The increased drill density has enabled the Indicated component of the Deacon Resource to be increased from 51,365 Ni tonnes in June 2008 to 71,400 Ni tonnes in December 2008, a 39% increase. Panoramic Resources is an established Western Australian based nickel sulphide producer with two underground mines, the Savannah Project (100% owned) in the Kimberley, and Lanfranchi Mine (75% owned and operator) 42km south of Kambalda. In 2007/08 our operations produced close to 15,000t Ni contained. The Company is on track to achieve its internal target of group production of 20,000t Ni per annum for at least the next 10 years. Panoramic has a significant exploration portfolio in the Kimberley and at Lanfranchi and is expanding exploration activities in order to grow the resource base and to increase the operations’ mine life.

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