Panoramic Resources secures long-term $200 million contract

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Panoramic Resources Limited has secured a long-term $200 million contract with Barminco Limited for operation of the underground Savannah nickel mine in Western Australia's East Kimberley region

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The newer mining fleet to be supplied by Barminco is expected to deliver enhanced equipment reliability

Barminco Limited (Barminco), a subsidiary of ASX200 diversified global mining services group Perenti Global Limited, is one of the world’s largest hard rock underground mining services companies.

Barminco and Panoramic have jointly developed a detailed mobilisation and implementation plan, all utilising Barminco best-practice operating systems and processes.

Work has now started at Savannah nickel mine, located in Western Australia’s East Kimberley.

The newer mining fleet to be supplied by Barminco is expected to deliver enhanced equipment reliability.

Barminco has commenced offering roles to the majority of the existing Panoramic underground mining and maintenance workforce at Savannah, with specialist expertise and supervision roles being introduced from the Barminco portfolio.

Barminco will undertake mine development, production, and haulage over a three-year term at the nickel-copper-cobalt project, with approximately 170 people expected to be employed.

"The execution of a mining contract with leading underground services provider, Barminco, represents a significant step forward for the Savannah Nickel Mine and Panoramic," Panoramic managing director and CEO Victor Rajasooriar says.

"We now look forward to delivering a rapid and efficient transition to Barminco run operations. With their proven expertise, we are confident that underground mining productivities at Savannah are set to improve significantly over the coming months."

Perenti managing director Mark Norwell says the organisation is pleased to have been formally awarded the contract and look forward to working closely with Panoramic to deliver on the project.

 

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