Key Developments: Panoramic Resources Ltd (PANRF.PK)
0.30USD
9 May 2013
$0.01 (+5.26%)
$0.28
$0.30
$0.30
$0.30
7,130
1,462
$0.93
$0.28
Latest Key Developments (Source: Significant Developments)
Panoramic Resources Ltd Announces Lake Grace And Griffins Find Farm-Out
Panoramic Resources Ltd announced that it has farmed out the Lake Grace and Griffins Find exploration projects to Auzex Exploration Limited. Panoramic acquired the Lake Grace and Griffins Find projects as part of its off-market takeover of Magma Metals Limited in 2012. The tenement package is situated in the south west of Western Australia, around the regional community of Lake Grace. The project area is located south of Auzex’s existing Tampia Gold Project. This transaction will ensure that there is focused and committed exploration on non-core assets for Panoramic and will allow the Company to prioritise its exploration activities on its existing nickel operations and more advanced gold and PGM projects, while maintaining a share of any future exploration success at Lake Grace and Griffins Find. Full Article
Panoramic Resources Ltd Announces H1 2013 Dividend
Panoramic Resources Ltd announced that it has declared a fully franked AUD 0.01 per share interim dividend for the half year ended December 31, 2012 (December 31, 2011: a fully franked AUD 0.02 per share interim dividend). The record date for the payment of the dividend is May 17, 2013 and the payment date is May 31, 2013. Full Article
Panoramic Resources Ltd Declares No FY 2012 Final Dividend
Panoramic Resources Ltd announced that no final dividend has been declared for the financial year ended June 30, 2012. Full Article
Panoramic Resources Ltd Announces Initial Substantial Holder
Panoramic Resources Ltd announced that Matsa Resources Ltd has become a substantial holder of the Company, holding 14,000,000 shares (5.48% voting power), effective August 16, 2012. Full Article
Panoramic Resources Ltd Announces New Share Issuance
Panoramic Resources Ltd announced that it has decided to issue 14,000,000 fully-paid ordinary shares, at the price of AUD 0.565 per share, as part-consideration to Matsa Resources Limited for the purchase of the Norseman Project, in accordance with the Sale & Purchase Agreement dated June 26, 2012. Full Article
Panoramic Resources Ltd's Subsidiary Completes 70% Acquisition Of Mt Henry Gold Project From Matsa Resources Limited
Panoramic Resources Ltd announced that its wholly owned subsidiary, Mt Henry Gold Pty Ltd, has completed the 70% purchase of the Mt Henry Gold Project from Matsa Resources Limited (Matsa). At completion, Panoramic paid the AUD 3.5 million balance owing on the AUD 5 million cash consideration and issued 14 million new Panoramic shares to Matsa. Full Article
Matsa Resources Limited Signs Joint Venture Agreement With Panoramic Resources Ltd
Matsa Resources Limited announced that it has signed a joint venture agreement with Panoramic Resources Ltd for commencement of new exploration programs within The Mt Henry Gold Project area and the establishment and management of ongoing joint venture activities. Full Article
Magma Metals Limited Announces Holding Interest Of Panoramic Resources Limited
Magma Metals Limited announced that Panoramic Resources Limited has an interest of 231,940,215 ordinary shares, which represents 86.75% of voting power in the Company. Earlier, Panoramic Resources Limited had 79.90% interest in voting power of the Company. Full Article
Apex Minerals NL's Subsidiary Completes Sale Of Wilsons Deposit To Panoramic Resources Ltd's Subsidiary
Apex Minerals NL announced that its subsidiary, Apex Gold Pty Ltd, has completed the sale of the Wilsons underground deposit (Mining Lease 53/0153) to Panoramic Gold Pty Ltd (Panoramic), a subsidiary of Panoramic Resources Ltd (ASX:PAN), for AUD 8 million in cash. All conditions precedent to settlement have been satisfied. The funds realized will be used to continue implementing identified operational improvements at Wiluna operations and for general working capital. Full Article
Panoramic Resources Ltd Acquires Wilsons Gold Project From Apex Minerals NL
Panoramic Resources Ltd announced that it has executed a Tenement Sale Agreement (“TSA”) with Apex Minerals NL (“Apex”) to purchase the Wilsons Gold Project for AUD 8 million. Wilsons has a resource of 325,000oz of gold located within 14 km of the Gidgee plant. The Wilsons tenement is located on a granted mining lease within trucking distance of the existing Gidgee processing facility (not in operation), and is contiguous with the Company’s 100% owned Gidgee tenements. The Company is currently undertaking studies on the potential restart of mining and ore processing at the Gidgee Project, subject to delineating sufficient ore reserves, gaining all necessary statutory approvals and attractive project economics. A study undertaken by Apex in 2008 indicated the potential for an underground operation from Wilsons with forecast production of approximately 150,000tpa at 7g/t. With the Wilsons acquisition, the Gidgee Project tenements now contain a combined 634,000ozs of gold in Resource. Full Article
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