DJ Panoramic Produces Record 18,750 Tons Nickel 2008-09, +26%
Symbols:
PANRF
SYDNEY, Jul 01, 2009 (Dow Jones Commodities News via Comtex) --
PANRF | Quote | Chart | News | PowerRating -- Panoramic Resources Ltd. (PAN.AU) Thursday said it produced a record 18,750 metric tons of nickel contained in concentrate during the 2008-09 financial year, a 26% rise on the previous year.
PANRF | Quote | Chart | News | PowerRating -- Panoramic Resources Ltd. (PAN.AU) Thursday said it produced a record 18,750 metric tons of nickel contained in concentrate during the 2008-09 financial year, a 26% rise on the previous year.
Output for 2009-10 is again expected in the 18,000 to 19,000-ton range, as part of a 10-year plan to increase output to at least 20,000 tons.
As part of that plan, Panoramic seeks to become a diversified mining house, with a primary focus on nickel, copper, gold and platinum group metals in Australia.
-By Elisabeth Behrmann, Dow Jones Newswires;
61-2-8272-4689 elisabeth.behrmann@dowjones.com
(END) Dow Jones Newswires
07-01-09 2329ET
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