Panoramic to raise cash as Savannah lags

Base metals hopeful Panoramic Resources has flagged the need for at least another A$19-million, as part of the amendments to its current financing agreement over the Savannah project, in Western Australia.

Panoramic has been forced to amend its current financing agreement with Macquarie Bank due to the slow ramp-up of the Savannah project, allowing for the first repayment of a A$40-million project loan to be rescheduled from March 2020 to June 2020, without changing the repayment end date of December 2021.