Panoramic Resources Limited provided an update on operational activities currently underway to support the first shipment of nickel-copper-cobalt concentrate from the Savannah Nickel Project in December 2021. The MV Merwedegracht arrived at Wyndham Port on the afternoon of 21 December 2021. Stevedoring contractor CGL was responsible for loading the ship, which took just over four days. A total of 10,865t of nickel-copper-cobalt concentrate at the required specifications was loaded to maximise the ship's payload capacity. The ship departed on the afternoon of 26 December sailing to the Port of Lianyungang in China for delivery to offtake partner Jinchuan. Approximately 50t of concentrate was left behind at the Wyndham storage shed and will form part of the second shipment. As per the offtake agreement with Jinchuan, a provisional invoice has been submitted with payment expected in the week commencing 3 January 2022. The payment of USD 14.8M (AUD 20.4M) is inclusive of all three metals contained in the concentrate. The second shipment is planned for February 2022, with the MV Maasgracht expected to arrive at Wyndham Port in mid- February 2022.