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Perenti Global Receives Letter of Intent for the Savannah Nickel Project

06 Apr 2021  |  09:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Perenti receives LOI for the Savannah Nickel Project

Perenti Global announced its subsidiary, hard-rock underground miner Barminco, has received a Letter of Intent from Panoramic Resources (Panoramic) in relation to development and production works at the Savannah Nickel Project (Savannah Project) in the Kimberley region of WA. The Savannah Nickel Project is the most advanced nickel sulphide development project in Australia with more than $100m of capital already invested in underground and surface ancillary infrastructure. The Savannah Project will produce nickel, copper and cobalt in concentrate from underground ore sources over an expected 12-year mine life.

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