PANORAMIC RESOURCES LIMITED (ASX.PAN)

the equivalent of a loss declaration has been issued and the capital loss can therefore be claimed in the financial year 2024/25 the statement is made (this statement was made on 24 December 2024 by the external administrators that, pursuant to a court order, the ordinary shares in the company were transferred for no consideration)

The status of the organisation has been changed from External Administered to Registered as of 24/12/2024

ASIC is advised that the administrator has completed their duties and the administration process has concluded.

ASIC is notified of the appointment or replacement of an administrator of the Deed of Company Arrangement.

A copy of the Deed of Company Arrangement is lodged with ASIC.

A copy of the company's minutes documenting key decisions about the company's administration are lodged with ASIC.

The administrator provides a supplementary report of new developments and additional information.

delisted for non-payment of annual listing fee under Listing Rule 17.15

we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2025

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024. The Company has failed to pay to ASX the annual listing fees for the year ending 30 June 2025, and each entity's securities are already suspended from quotation.

The Company's Administrators determined that given the Company's status, the costs and administrative burden of remaining listed on the ASX outweighed benefits associated with remaining listed, so opted not to pay listing fees to the ASX, which will result in the automatic delisting. Panoramic will therefore be removed from the official list at the close of trading on Wednesday 28 August 2024.

A copy of the company's minutes documenting key decisions about the company's administration are lodged with ASIC.

The administrator provides creditors with a detailed analysis of the company's financial position and options for its future.

The concurrent second meetings of creditors have been scheduled for Tuesday, 30 July 2024 at 3:00 pm (AWST) via videoconference. At the concurrent second meetings of creditors, the administrators intend to adjourn the meetings for up to 45 business days. In the report, the administrators expressed that: they are in advanced negotiations with an interested party regarding a DOCA proposal; the status of these negotiations are commercially sensitive and confidential; the administrators think it's in the creditors' best interest to adjourn the concurrent second meetings of creditors for up to 45 business days.

The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

Federal Court Justice Michael Feutrill handed down his judgment in Woodhouse, in the matter of Panoramic Resources Limited [2024] FCA 449 involving the Company's Administrators, Daniel Woodhouse, Hayden White and Kate Warwick of FTI Consulting, and Receivers and Managers appointed by Trafigura Pte Ltd, Thomas Birch and Jeremy Nipps of Cor Cordis. There was a divergence of views between the Administrators and Receivers as to whether the funds held in the administration accounts for the voluntary administration of the Company form part of the secured property to which the Receivers are appointed. This issue was the subject of the Federal Court proceeding, in which Gilbert + Tobin acted for the Administrators. Justice Feutrill ruled in favour of the Administrators, declaring that the funds in question do not form part of the secured property to which the Receivers are appointed. The issue has been resolved, and both the Administrators and Receivers have expressed their intention to continue to work cooperatively with the ongoing dual-track strategy to sell or recapitalise the Panoramic business.

The securities of Panoramic Resources Limited were suspended at PAN's request on 17 November 2023 pending the release of an announcement regarding the results of the strategic review announced by PAN on 16 November 2023. PAN's securities will now continue to be suspended from quotation under Listing Rule 17.5, due to PAN not having lodged its Quarterly Report for the period ended 31 March 2024 by 30 April 2024 as required by Listing Rule 5.1. PAN's securities will remain suspended until such time that ASX is satisfied with PAN's compliance with the Listing Rules, including Listing Rule 5.1, and that it is otherwise appropriate for PAN's securities to be reinstated to quotation.

The Company is relying on the relief set out in ASIC Corporations Instrument 2015/251 in relation to the Company's financial reporting obligations under Part 2M.3 of the Act.

The company notifies ASIC of the appointment or cessation of a director or company secretary.

The company notifies ASIC of the appointment or cessation of a director or company secretary.

The Voluntary Administrators of Panoramic Resources Limited advise that they have been notified that Thomas Birch and Jeremy Nipps of Cor Cordis were appointed Receivers and Managers in respect of certain secured property of Panoramic on 7 March 2024. The Receivers were appointed by Trafigura Pte Ltd pursuant to a specific security deed dated 3 April 2021 between Trafigura and Panoramic.

A Receiver and Manager is appointed to the company 

The company notifies ASIC of the appointment or cessation of a director or company secretary.

The company lodges its Quarterly Activities Report.

In relation to the Savannah Nickel Project, whilst operations have continued, including a shipment of approximately 10,000 tonnes of nickel concentrate on 3 January 2024, nickel prices have continued to trend lower. After further engagement with major creditors, key suppliers and other stakeholders, the Administrators have determined that operations at the Savannah Nickel Project will be suspended over the coming days. As a consequence of the decision to suspend operations at the Savannah Nickel Project, the majority of the c.140 Panoramic staff on-site at the Savannah Nickel Project will be stood down and unfortunately made redundant, some with immediate effect.

Daniel Woodhouse, Hayden White and Kate Warwick were appointed as joint and several voluntary administrators.

The Company requests that the voluntary suspension be extended to last until the earlier of an announcement by the Company regarding the results of the strategic review and the commencement of normal trading on Friday, 22 December 2023.

The securities of Panoramic Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PAN, pending the release of an announcement regarding the results of the strategic review announced by the Company on 16 November 2023.

The suspension of trading in the securities of Panoramic Resources Limited will be lifted immediately following the release by PAN of an announcement regarding an update on the review its operating strategy and finalisation of a funding pathway.

Successful completion of bookbuild for the Placement and Institutional Entitlement Offer to raise approximately A$52 million. Western Areas Limited has committed approximately A$21 million in the Placement and act as a subunderwriter to the Retail Entitlement Offer, resulting in a pro-forma shareholding of up to 19.9%. Significant support received from a range of existing and new institutional investors during the bookbuild process. The Retail Entitlement Offer will raise approximately A$38 million in additional funds and is expected to close on Friday, 5PM WST 12 June 2020. Panoramic shares expected to recommence trading on Wednesday 27 May 2020.

The company relodges its prospectus. The new version corrects an error in the uploading of the document by including the correct Independent Limited Assurance Report in section 12. Other than that, there are no changes to the document.

Western Areas Ltd has entered into a subscription agreement with Panoramic Resources Limited to acquire up to 19.9% of Panoramic's proforma shares on issue upon completion of its fully underwritten capital raising. Based on the capital raising issue price of A$0.07 per share, the total cash consideration payable by Western Areas will be A$28.6 million.

The company releases a notice of Proposed issue of Securities - PAN.

The company issues a prospectus for a pro-rata accelerated non-renounceable entitlement issue to Eligible Shareholders of approximately 877,599,923 New Shares at an issue price of $0.07 per New Share on the basis of 1.15 New Shares for every Shares held on the Record Date to raise up to approximately $61,431,995 before expenses. The Retail Entitlement Offer closes at 5.00pm WST on Friday, 12 June 2020 (unless extended). Valid Applications must be received before that date.

The company releases its Capital Raising Presentation - May 2020.

Equity raising to recapitalise Panoramic, de-risk the restart of the Savannah Nickel Mine and fund project enhancement initiatives. Fully underwritten institutional placement and 1.15-for-1 entitlement offer to raise up to approximately A$90 million. Western Areas Limited to take a strategic investment in Panoramic resulting in a pro-forma shareholding of up to 19.9%. New Shares to be issued at A$0.07 per share. Facilitates reinstatement to official quotation on the ASX (pending successful completion of the institutional placement and institutional component of the entitlement offer). Offer proceeds (after costs) to be used for the repayment of Panoramic's debt facilities, payment of creditors and general working capital, care and maintenance costs, key development activities at Savannah and targeted exploration.

A$7.5 million repaid on senior debt facility; reduced margin on Tranche 2 balance.

The company requests an extension of the suspension of its securities to finalise a funding pathway. The suspension is expected to last until the commencement of trading on 29 May 2020.

The company releases a letter to its shareholders in relation to the upcoming general meeting.

The company releases a notice of general meeting. The meeting will be held on 29 June 2020 at 11.00am (WST) at Level 9, 553 Hay Street, Perth, WA 6000.

The company notes the announcement by Zeta Resources Limited today, that Zeta has entered into a Put and Call Option Deed with Macquarie Bank Limited in respect of Panoramic's secured debt facility with Macquarie. Zeta holds a shareholding of approximately 35.2% in Panoramic.

Zeta Resources Limited has entered into a Put and Call Option Deed with Macquarie Bank Limited in respect of Macquarie's secured debt with Savannah Nickel Mines Pty Limited, a wholly-owned subsidiary of Panoramic Resources Limited. Both Zeta and Macquarie are supportive of a Panoramic recapitalisation and the terms of the option agreement only operate in the event that the funding pathway is not successful. Zeta has deposited A$7 million with Macquarie, which will be set off against the exercise price should either option be exercised less any Panoramic payments made in the interim. The outstanding Macquarie secured debt as at the date of this announcement is approximately A$30 million.

Magma Metals Pty Ltd, has completed the sale of all the shares in Panoramic PGMs (Canada) Limited to Clean Air Metals Inc. (formerly Regency Gold Corp. PAN PGM's is the 100% owner of the Thunder Bay North PGM Project situated in Northern Ontario, Canada.

The company releases an Investor Update - May 2020.

Total contained metal in Mineral Resources at the Savannah Project stand at 209,800t Ni, 94,200t Cu and 13,700t Co contained metal, at grades of 1.56% Ni, 0.70% Cu and 0.10% Co. Savannah North contributes contained metal in Mineral Resources of 170,400t Ni, 71,100t Cu and 11,600t Co, broadly in line with the previous estimate, 1 at grades of 1.55% Ni, 0.65% Cu and 0.11% Co. 112 new infill grade control holes (23,481m) were drilled into the Savannah North (Upper Zone) MRE, more than double the previous drilling density and increases the geometric confidence of the Savannah North ore body. More than 70% of the Savannah North Mineral Resource Estimate now classified as Measured & Indicated. The Savannah North Mineral Resource remains open to the east, west and down dip to the north. There is now greater than three times more nickel in Mineral Resources at Savannah than when mining first commenced in 2003.

The extension to the suspension is necessary for the Company to finalise the review of its operating strategy and a funding pathway. The Company expects the suspension to last until the commencement of trading on Friday, 22 May 2020.

Reduction in fees for Directors of 25% from 1 May 2020. Salaries for key executives reduced by 20% from 1 May 2020. Decrease in corporate office headcount following decision to suspend Savannah Nickel Mine operations.

The company lodges its Quarterly Activities Report.

The company provides an operations update with the following highlights: Temporary suspension of operations at Savannah Nickel Mine; Production and cost guidance withdrawn; and Progression of potential funding options continues.

The securities of Panoramic Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PAN, pending the release of an announcement regarding an update on the review its operating strategy and finalisation of a funding pathway.

The suspension of trading in the securities of Panoramic Resources Limited will be lifted immediately, following the release by PAN of an announcement regarding a Savannah Project operational update.

The company's board believes the Savannah Project is a quality, strategic asset. The twin declines accessing Savannah North are well advanced with development now within approximately 15 metres of the orebody. Mining of development ore is scheduled to begin later this month, with stoping ore to be produced from the March 2020 quarter. This is expected to provide additional mill feed blend to the plant. The Savannah North raise bore is also on track for completion in the June 2020 quarter and the two internal ventilation raises are being developed. Panoramic's current expectation is that short-term operational performance may remain below previous forecasts, particularly during the next four months, but also into the June 2020 quarter whilst it transitions away from mining the Savannah remnant orebody and into the Savannah North orebody. The company believes there is a need to raise additional funds to maintain an appropriate working capital position and provide enhanced financial flexibility. The Board anticipates that the most equitable approach to meting any short-term funding requirement is likely to involve an entitlement offer of ordinary shares. Also, shareholders continue to be advised to TAKE NO ACTION in relation to the offer or any document received from IGO until they receive the Target's Statement and the Panoramic Board's formal recommendation.

The securities of Panoramic Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PAN, pending the release of an announcement regarding a Savannah Project operational update.

The suspension of trading in the securities of Panoramic Resources Limited will be lifted following the release by PAN of an announcement regarding a capital raising.

The company releases an Investor Presentation.

The company releaes a cleansing statement in relation to its entitlement offer.

The company released an entitlement offer booklet for a 1 for 13 pro-rata renounceable entitlement offer of the company's ordinary shares at an offer price of $0.38 per new share to raise approximately $14.8 million. The offer closes at 5.00pm (Perth time) on 9 April 2019 (unless otherwise extended). The entitlement offer is fully underwritten by Hartleys Limited.

Firm commitments have been received for an initial placement to raise $5 million. The fully underwritten 1 for 13 pro-rata renounceable entitlement offer was entered into to raise approximately $14.8 million. Offer praice of $0.38 per new share represents a 17.4% discount to last closing share price of $0.46.

The securities of Panoramic Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PAN, pending the release of an announcement regarding a capital raising.

The suspension of trading in the securities of Panoramic Resources Limited (the "Company") will be lifted immediately following the release of a corporate and operational update. Security Code: PAN

The company provides a corporate and operational update - For Savannah, a decision was made to preserve the value of the remaining Savannah orebody and to move the operation onto care and maintenance. Savannah North could be developed into a long life, medium cost operation producing on average 9,500t Ni, 5,300t Cu and 700t Co in concentrate per annum as demonstrated by the scoping study. Exploration s underway to test the highly prospective Dave Hill and Wilson Intrusions south of the Savannah mine and further drilling on Savannah North is planned for this calendar year. Due to the operational restructuring, a significant portion of the loyal workforce at Savannah and in the Perth office will regrettably be made redundant over the coming months.

Panoramic Resources Limited ("Panoramic") is pleased to provide the results of the Savannah North Scoping Study. The Savannah North Scoping Study demonstrates that there is potential to add significant mine life at Savannah through the development of Savannah North.

The securities of Panoramic Resources Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: PAN

name changed from Sally Malay Mining Limited