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Australia

Savannah Operation

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Categories

Overview

Mine TypeUnderground
StatusInactive / Suspended
Commodities
  • Nickel
  • Copper
  • Cobalt
Mining Method
  • Longhole open stoping
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotOn 14 December 2023, Panoramic Resources Limited commenced formal insolvency proceedings.

On 8 January 2024, the Administrators, having consulted with major creditors, key suppliers and other stakeholders, concluded to suspend production at the Savannah Nickel Project, with the result that circa 140 of the site workforce were stood down and made redundant.

Suspension of operations is now complete, with the asset left in a production ready state.

A dual track strategy to sell or recapitalise the Panoramic business is underway, and will look to realise the full value of the defined ore bodies, extensive infrastructure, and exploration potential of Savannah.
Related AssetSavannah North Expansion Mine

Owners

SourceSource
CompanyInterestOwnership
Panoramic Resources Ltd. 100 % Indirect
Panoramic Resources Limited is a company which owns and operates the Savannah Nickel Project.

Contractors

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Deposit type

  • Magmatic
  • MMS

Summary:

Savannah mineralisation.
The original Savannah sulphide rich nickel, copper and cobalt orebody is hosted by the layered mafic-ultramafic Savannah Intrusion which is enveloped by aluminous metasediments and para-gneisses of the Tickalara Metamorphics. The Savannah Orebody is mostly confined to a marginal norite unit up to 40 metres thick developed above the base of the intrusion. Areas of massive, matrix and disseminated sulphide mineralisation, dominated by pyrrhotite, chalcopyrite, pentlandite and minor pyrite occur throughout the marginal norite unit.

Prior to the development of the Savannah Open Pit, the marginal norite unit outcropped as a prominent 250 metre long limonite-goethite gossan with fresh sulphide mineralisation developing approximately 20 metres below surface. At approximately 500 metres below the surface, a significant sub-horizontal fault, the 500 Fault, cuts the orebody and offsets it 200 metres to the northwest. A similar fault at approximately 900 metres below surface, the 900 Fault, offsets the orebody a further 250 metres to the northwest. Mineralisation above the 500 Fault is referred to as the “Upper Zone”, between the 500 and 900 faults as the “Lower Zone” and below the 900 Fault as the “sub 900 Fault Zone”.

Savannah North mineralisation.
The SNM (Savannah North mineralisation) is based on mining ore associated with the Savannah Intrusion; a palaeo-proterozoic mafic/ultramafic magma conduit. The Ni-Cu-Co rich massive sulphide mineralisation occurs as “classic” magmatic breccias developed about the more primitive, MgO rich basal parts of the conduit.

Magmatic Ni-Cu-Co sulphide Resources hosted by the Savannah North Intrusion (SNI) located to the north of the Savannah Mine.

The Savannah North mineralisation dips moderately (40- 45 degrees) to the north-west and comprises two main zones, the Upper Zone is developed on the basal contact of the North Olivine Gabbro, the second Lower Zone is a consistent remobilised zone of massive sulphide mineralisation, in part associated with the 500 Fault. Both zones are well defined by the drilling and the interpretation is considered sufficiently robust for resource modelling. Additional minor mineralised zones include 5 domains in the hanging wall position to the Upper Zone and a minor mineralized sub-vertical fault.

The Savannah North mineralisation has been defined over a strike length of approximately 1 kilometre with clear indications from geophysics it could extend over 2km. The Resource relates to an area with a strike length of 1,010m from 5,350mE to 6,360mE and extends from 750m to 1,750m below surface with an average domain thickness of approximately 5 metres.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

Commercial production was achieved from 1 April 2022.
CommodityProductUnits2024202320222020201920162015
Nickel Metal in concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2.59.88.7
Copper Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3.21312
Cobalt Metal in concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe0.130.50.4
Nickel Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.

Operational metrics

Metrics202320222020201920162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe281,817 t865,660 t
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe276,039 t870,542 t854,794 t

Production Costs

CommodityUnits202420232022
Total cash costs Nickel AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
All-in sustaining costs (AISC) Nickel AUD  ....  Subscribe  ....  Subscribe
All-in costs Nickel AUD  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.
** Net of By-Product.

Financials

Units202320222020
Sustaining costs M AUD  ....  Subscribe  ....  Subscribe
Growth Capital M AUD  ....  Subscribe  ....  Subscribe
Capital expenditures M AUD  ....  Subscribe  ....  Subscribe
Revenue M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gross profit M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
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After-tax Income M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Operating Cash Flow M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 2, 2023
....................... Subscription required ....................... Subscription required Subscription required Nov 2, 2023
....................... Subscription required ....................... Subscription required Subscription required Nov 2, 2023
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Total WorkforceYear
...... Subscription required 2023
...... Subscription required 2022
...... Subscription required 2019
...... Subscription required 2015

Aerial view:

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