“While Mr Bradford is remaining tight-lipped on whether it will make another takeover attempt, its purchase of Western Areas does give it a 21.5 per cent stake in Panoramic.”
“What we're exploring for is a repetition of Nova or a repetition of the Savannah mine that Panoramic have," he said.
”What we may or may not do with the 21.5 per cent interest in Panoramic will depend on the success around that exploration of assets in the Kimberley."
Significantly was the choice of word used in Panoramic’s announcement - So is it fair to assume as Panoramic continues to build on the exploration assets, this is now falling into the hands of IGO for ripe takeover as quoted above?
“Results from the first three drill fans above the 900 Fault have the potential to significantly increase the Mineral Resource in this area of the mine and support the development of a second mining front to supplement mining operations at Savannah North”
