Panoramic Resources Limited announced that its Board has elected to restart the Savannah Nickel Operation, located in the Kimberley region of Western Australia. The decision follows a rigorous assessment process and is the culmination of 12 months of activities designed to reduce operating and financial risk for the operation as well as improving expected profitability. To support the restart, the company has entered into a new five-year nickel and copper concentrate offtake agreement for the period February 2023 to February 2028 with Trafigura Group Pte Ltd. (Trafigura), aligning with the expiry of the existing offtake agreement with Jinchuan. The Trafigura offtake agreement was concluded following a competitive tender process and reflects terms and payabilities which are in line with, or more favourable than, the existing offtake agreement. Trafigura has also agreed to provide a USD 45 million secured loan financing facility which, combined with revenue projections, is expected to fully cover the costs of the restart. Panoramic has a current cash balance of approximately AUD 27 Million and no debt.