On 25 November 2019, ASX-listed Panoramic Resources Limited, a metals, mining and exploration company, recommended to its shareholders to avoid taking any action in relation to an off-market takeover offer announced by Independence Group NL on 4 November 2019 (Offer Date).
Panoramic Resources operates the Savannah Nickel Project in the East Kimberley, which produces nickel, copper and cobalt. The company also has interests in the Panton Project 60km south of the Savannah Project, which provides the company with platinum group metals.
