Dec 4 (Reuters) - Panoramic Resources Ltd (PAN) : PRODUCTION OF...

Dec 4 (Reuters) - Panoramic Resources Ltd (PAN) :

• PRODUCTION OF FIRST STOPED ORE FROM SAVANNAH NORTH REMAINS ON TARGET FOR MARCH 2020 QUARTER
• UPDATED SAVANNAH LIFE-OF-MINE SCHEDULE SEES MODEST REDUCTIONS IN FORECAST ORE TONNES (5%), NICKEL GRADE (2%)
• STRONG EXPECTED RAMP-UP IN CONTAINED METAL PRODUCTION THROUGH CALENDAR 2020 FROM TRANSITION TO MINING OF SAVANNAH NORTH
• PANORAMIC DIRECTORS MAINTAIN THEIR RECOMMENDATION TO TAKE NO ACTION IN RELATION TO IGO TAKEOVER OFFER
• UPDATED SAVANNAH LIFE-OF-MINE SCHEDULE SEES MODEST REDUCTIONS IN FORECAST ORE TONNES, NICKEL GRADE RELATIVE TO FEASIBILITY STUDY
• UPDATED AVERAGE ALL-IN-SUSTAINING COST FORECAST OVER RESIDUAL LIFE OF SAVANNAH MINE (FY2021-27) OF US$3.77/LB PAYABLE NI