Panoramic Resources Limited announced the successful completion of the third shipment of nickel-copper-cobalt concentrate since the restart of operations at the Company's Savannah Nickel Project. Third Shipment The MV Maasgracht arrived at Wyndham Port on the afternoon of 28 March 2022. Stevedoring contractor CGL was responsible for loading the ship, which took four days.

The ship was loaded to cargo capacity with a total of 10,347t nickel-copper-cobalt concentrate and departed on 1 April, sailing to the Port of Lianyungang in China for delivery to offtake partner Jinchuan. Following the third shipment, Port concentrate stocks are at approximately 237t and an additional 200t at the mine site. As per the offtake agreement with Jinchuan, a provisional invoice has been submitted with payment expected next week.

The payment of USD 21.8 Million (AUD 29.2 Million) is inclusive of all three metals contained in the concentrate. The fourth ship will be booked in the coming weeks and is expected to arrive in Wyndham in late May.