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Mining Sector Update: December Edition 2019

Corrs Chambers Westgarth

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Australia, South Africa December 19 2019

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.

Corrs Chambers Westgarth - Christine Covington, Louise Camenzuli, Louise Lee, Bruce Adkins, Ryan Pieszko, Jack de Flamingh, Nicholas Ellery, Heidi Fairhall, Nicholas O’Sullivan, Helen Clarke and Viva Swords
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