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Panoramic Resources Limited (PAN) Report Analysis

Corporate Events

Positive

Panoramic Resources Limited Announces Savannah ...

2022-05-19 22:22:00

Panoramic Resources Limited advised that surface diamond drilling has commenced at the Company's Savannah Nickel Project in Western Australia....

Positive

Panoramic Resources Limited Provides an Update ...

2022-04-04 22:22:00

Panoramic Resources Limited provided an update on ongoing infill underground Resource definition drilling at the Company's Savannah Nickel Pro...

Positive

Panoramic Resources Limited Announces Completio...

2022-04-03 22:31:00

Panoramic Resources Limited announced the successful completion of the third shipment of nickel-copper-cobalt concentrate since the restart of...

Positive

Panoramic Resources Limited Provides an Update ...

2022-02-07 21:53:00

Panoramic Resources Limited provided an update on the most recent Resource definition at Savannah North. A broad spaced drill out has been com...

Positive

Panoramic Resources Limited Announces First Shi...

2021-12-29 21:19:00

Panoramic Resources Limited provided an update on operational activities currently underway to support the first shipment of nickel-copper-cob...

Positive

Panoramic Resources Limited Provides an Update ...

2021-12-16 22:51:00

Panoramic Resources Limited provided an update on operational activities currently underway at the Savannah Nickel Project to support the firs...

Positive

Panoramic Resources Limited Provides an Update ...

2021-10-19 21:23:00

Panoramic Resources Limited provided an update on the advancement of operational activities at the Savannah Nickel Project to support the targ...

Neutral

Panoramic Resources Limited - Shareholder/Analyst Call

2021-10-10 21:13:00

Annual General Meeting

Neutral

Paydirt Media Pty Ltd, Australian Nickel Confer...

2021-10-05 17:25:00

Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021. Venue: Pan Pacific Hotel, Perth, Australia.

Neutral

Panoramic Resources Limited Presents at Austral...

2021-10-05 17:25:00

Panoramic Resources Limited Presents at Australian Nickel Conference, Oct-05-2021 11:55 AM. Venue: Pan Pacific Hotel, Perth, Australia. Speake...

Positive

Panoramic Resources Limited Provides Update on ...

2021-09-13 22:24:00

Panoramic Resources Limited provided an update on operational activities currently underway at the Savannah Nickel Project to support the targ...

Neutral

Panoramic Resources Limited, Annual General Mee...

2021-08-30 03:34:00

Panoramic Resources Limited, Annual General Meeting, Oct 20, 2021, at 13:00 W. Australia Standard Time. Location: Mezzanine Floor Auditorium C...

Negative

Panoramic Resources Limited Auditor Raises 'Goi...

2021-08-30 00:00:00

Panoramic Resources Limited filed its Annual on Aug 30, 2021 for the period ending Jun 30, 2021. In this report its auditor, Ernst & Young LLP...

Neutral

Panoramic Resources Limited Presents at Diggers...

2021-07-30 03:18:00

Panoramic Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 01:05 PM. Venue: Goldfields Arts Centre, Cheetham Street...

Positive

Panoramic Resources Limited Advises Underground...

2021-07-08 22:20:00

Panoramic Resources Limited advised that underground development and ore production has commenced ahead of schedule at the Savannah Nickel Pro...

Neutral

Panoramic Resources Limited Presents at Noosa M...

2021-06-30 18:19:00

Panoramic Resources Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 11:00 AM. Venue: Peppers Noosa Resort, N...

Positive

Panoramic Resources Limited Announces Savannah Nickel Surface Drilling Program Underway

2022-05-19 22:22:00

Panoramic Resources Limited advised that surface diamond drilling has commenced at the Company's Savannah Nickel Project in Western Australia. Following the conclusion of the Kimberley wet season, a DDH1 diamond drill rig has mobilised to site and is contracted to initially drill up to three surface diamond holes for approximately 2,000m. The focus of the drill program is to test previously modelled EM conductors at both the Stoney Creek and Northern Ultramafic Granulite intrusions. All completed drill holes will be cased for ongoing drill hole electromagnetic (DHEM) surveys. Stoney Creek: The Stoney Creek intrusion, located north of Sub Chamber D, was recognised as a discrete intrusion in 2018/19 when Company geologists first mapped the area. Aside from an outcropping area of ultramafic located on the eastern contact, the intrusion is largely composed of non-cumulate gabbro-gabbronorite rock types. The only drill hole completed at Stoney Creek to date is SMD188 in 2020 which encountered a consistent gabbroic rock type prior to exiting the intrusion at a depth of 392 metres and terminating in Tickalara Metamorphics at a depth of 529 metres. A planned DHEM survey of SMD188 was unsuccessful due to hole casing issues. However, subsequent EM soundings and fixed loop electromagnetic (FLEM) surveys completed over the intrusion has identified a strong, discrete anomaly at depth below the intrusion. This anomaly, which has been modelled as a steep west dipping conductor oriented sub-parallel to the eastern margin of the intrusion, is the current target for the new Stoney Creek drill hole. Northern Ultramafic Granulite: Located along the trend of the Savannah and Savannah North intrusions, drill hole SMD189 drilled in FY21 tested an historical EM anomaly proximal to the Northern Ultramafic Granulite. No evidence for the source of the historic EM anomaly was apparent at the modelled target depth of 550 metres. The drill hole was terminated in Tickalara Metamorphics at a depth of 628 metres. The subsequent DHEM survey of SMD189 identified a highly conductive source below and to the right of the drill hole. When jointly interpreted with the historic EM data, the SMD189 DHEM data indicate that between a depth of 300 metres and 500 metres down hole the drill hole passed sub-parallel to a series of bedrock conductors. The conductors are modelled to be located to the right of SMD189, commencing above the hole and extending below the hole at depth. The conductors identified by the DHEM are the primary target for the 2022 drill program which will commence immediately following the Stoney Creek drill program. The collar for the new 2022 drill hole will be located to the south of the previous SMD189 collar position in order to better improve drill angles. In addition to targeting the SMD189 conductors, a second hole is planned that will provide a deep DHEM platform to further explore the more prospective ultramafic eastern and south-eastern portion of the Northern Ultramafic Granulite.

Positive

Panoramic Resources Limited Provides an Update on Ongoing Infill Underground Resource Definition Drilling at the Company's Savannah Nickel Project in Western Australia

2022-04-04 22:22:00

Panoramic Resources Limited provided an update on ongoing infill underground Resource definition drilling at the Company's Savannah Nickel Project in Western Australia. Key points: Standout drill results returned from below the current mining horizon at Savannah North: 40.5m at 1.96% Ni, 0.75% Cu and 0.15% Co from 200.5m in KUD1891 - 16.0m at 2.08% Ni, 0.80% Cu and 0.16% Co from 170.0m in KUD1871 - Continued drill support for the recently identified Upper Splay from drill hole KUD1827: 0.5m at 1.43% Ni, 0.23% Cu and 0.07% Co from 17.7m (Upper Splay Mineralisation) - 4.4m at 1.05% Ni, 0.21% cu and 0.07% Co from 34.7m (Upper Mineralisation Lens) and - 5.4m at 1.34% Ni, 0.55% Cu and 0.10% Co from 86.7m (Lower Mineralisation Lens) - Drilling in both areas is ongoing with further results expected over the coming months.Savannah North - Resource Definition Drilling: Over recent months the Company has reported results for infill drill holes completed on the Western, Central and Eastern Zones of the Upper Mineralisation Lens at Savannah North. Following on from the last update the drilling focus was temporarily shifted to the area immediately below the current mining levels due to short-term access interactions with mining activities in the immediate area. Assay results for the first three holes completed in this area have been received and returned with better than expected results with all three holes returning thicker and higher-grade intersections than predicted. The standout drill result was drill hole KUD1891 which returned a combined Upper and Lower Mineralisation Lens intersection of 40.55m at 1.96% Ni, 0.75% Cu and 0.15% Co. The junction (bifurcation) between the Upper and Lower Mineralisation lenses at Savannah North is often an area of increased mineralisation thickness and grade. The previous best Savannah North intersection near the junction between the two mineralisation lenses was achieved by drill hole KUD1533 in 2015 which returned an intersection of 37.2m at 1.58% Ni, 0.67% Cu and 0.12% Co. The two other completed infill resource definition drill holes below the current mining levels, KUD1871 and KUD1874 returned Upper Mineralisation Lens intersections of 16.0m at 2.08% Ni, 0.80% Cu and 0.16% Co and 6.9m at 1.93% Ni, 1.03% Cu and 0.14% Co, respectively. Both intersections were also thicker and appreciably higher grade than predicted in those areas by the current Savannah North Resource model. In all three holes completed below the current mining levels, up to two mineralised intercepts are reported above the main Upper Mineralisation Lens intersections. These intercepts relate to minor hanging wall mineralised lenses that in places develop into potentially mineable widths and grades and will be assessed as part of the mine review process.

Positive

Panoramic Resources Limited Announces Completion of Third Concentrate Shipment from Savannah

2022-04-03 22:31:00

Panoramic Resources Limited announced the successful completion of the third shipment of nickel-copper-cobalt concentrate since the restart of operations at the Company's Savannah Nickel Project. Third Shipment The MV Maasgracht arrived at Wyndham Port on the afternoon of 28 March 2022. Stevedoring contractor CGL was responsible for loading the ship, which took four days. The ship was loaded to cargo capacity with a total of 10,347t nickel-copper-cobalt concentrate and departed on 1 April, sailing to the Port of Lianyungang in China for delivery to offtake partner Jinchuan. Following the third shipment, Port concentrate stocks are at approximately 237t and an additional 200t at the mine site. As per the offtake agreement with Jinchuan, a provisional invoice has been submitted with payment expected next week. The payment of USD 21.8 Million (AUD 29.2 Million) is inclusive of all three metals contained in the concentrate. The fourth ship will be booked in the coming weeks and is expected to arrive in Wyndham in late May.

Positive

Panoramic Resources Limited Provides an Update on Resource Definition at Savannah North

2022-02-07 21:53:00

Panoramic Resources Limited provided an update on the most recent Resource definition at Savannah North. A broad spaced drill out has been completed between the 1250 and 1500 RL levels in the central and western margins of the Savannah North Resource. The drilling provides the framework for mine development and stoping in the central and western part of the Savannah North Resource. The program targeted an area of the Savannah North Resource above current underground workings. The area currently hosts a zone of Inferred Resource which is included in the Savannah Mine Plan. A total of 24 drill holes for 6,889 drill metres were completed with 981 samples collected and submitted for assay. Resource definition drilling between the 1250 and 1500 RL levels has now been completed to 25 x 25m spacing. Thick zones of mineralisation were returned which support future mining. Better results include: KUD1750: 30.50m @ 1.58% Ni, 0.53% Cu and 0.11% Co, KUD1764: 15.15m @ 1.30% Ni, 0.20% Cu and 0.09% Co, KUD1760: 10.50m @ 2.02% Ni, 0.46% Cu and 0.14% Co, KUD1764: 12.45m @ 1.00% Ni, 0.28% Cu and 0.07% Co, KUD1746: 11.70m @ 1.56% Ni, 0.71% Cu and 0.12% Co, KUD1757: 8.55m @ 1.50% Ni, 0.25% Cu and 0.10% Co and KUD1747: 8.50m @ 1.80% Ni, 1.03% Cu and 0.14% Co. The Savannah North central drill program has shown consistency throughout the stoping blocks of the 2 mine plan and the addition of further stoping outside the mine plan. Drill holes KUD1751, 1752 & 1755 were drilled in the upper central section of the central block and show that mineralisation is open above the current Resource area. Drill holes KUD1745, 1746 and 1747 to the lower west have delivered strong, thick intercepts and further infill drilling in this area is required. These three drill holes have pleasingly shown a strong increase in mineralisation thickness and the potential for larger stoping to the west is highly increased. Drill hole KUD1764 unexpectedly returned strong mineralisation assay results from an area previously thought to be a barren fault block within the intrusion. The hole returned strong, thick mineralisation through the fault block and also extends the lower mineralisation lens to the west. Follow up grade control drilling will firm up this area and provide stope definition. Resource definition drilling will now shift position and drill out the eastern margin of the Savannah North Resource. The eastern block of the Savannah North Resource has a complicated splay morphology where the mineralisation bifurcates from the intrusion. Drilling from the recently established 1381 drill drive to the east allows both the upper and lower mineralisation lenses to be targeted. This dedicated drilling platform in the 1381 east ore drive will combat poor drilling angles encountered from the previous platform in the 1570 drill drive. Drilling from the 1381 drill drive will be the immediate focus of the upcoming quarter. Upon drill completion of the eastern block of the Savannah North Resource, drilling will return to Savannah. Drilling will at first focus on the Savannah Resource above the 900 Fault (T1) and below the previous mined 1440 level at the bottom of the current underground workings. The drill cuddy for the proposed drilling is already developed and successful Resource definition drilling will open another mining front at Savannah. Development in the area between the 900 fault and the 1440 level will allow for much improved drill angles for the Resource below the 900 Fault. It is then planned to drill the Sub 900 (T2) Savannah resource following mining of the Savannah Resource above the 900 Fault.

Positive

Panoramic Resources Limited Announces First Shipment from Savannah Completed

2021-12-29 21:19:00

Panoramic Resources Limited provided an update on operational activities currently underway to support the first shipment of nickel-copper-cobalt concentrate from the Savannah Nickel Project in December 2021. The MV Merwedegracht arrived at Wyndham Port on the afternoon of 21 December 2021. Stevedoring contractor CGL was responsible for loading the ship, which took just over four days. A total of 10,865t of nickel-copper-cobalt concentrate at the required specifications was loaded to maximise the ship's payload capacity. The ship departed on the afternoon of 26 December sailing to the Port of Lianyungang in China for delivery to offtake partner Jinchuan. Approximately 50t of concentrate was left behind at the Wyndham storage shed and will form part of the second shipment. As per the offtake agreement with Jinchuan, a provisional invoice has been submitted with payment expected in the week commencing 3 January 2022. The payment of USD 14.8M (AUD 20.4M) is inclusive of all three metals contained in the concentrate. The second shipment is planned for February 2022, with the MV Maasgracht expected to arrive at Wyndham Port in mid- February 2022.

Positive

Panoramic Resources Limited Provides an Update on Operational Activities at the Savannah Nickel Project

2021-12-16 22:51:00

Panoramic Resources Limited provided an update on operational activities currently underway at the Savannah Nickel Project to support the first shipment of nickel-copper-cobalt concentrate in December 2021. The MV Merwedegracht is in transit to Wyndham (via Darwin) with expected arrival at Wyndham Port on the evening of 20 December 2021. Stevedoring contractor CGL will be responsible for loading the ship, which is expected to take up to seven days, at which point the ship will then sail to Port of Lianyungang, Jiangsu Province, China for delivery to the offtake partner Jinchuan. Currently the Wyndham Port shed contains 8,950t of concentrate, with an additional 500t on site at Savannah. CGL is currently trucking concentrate to Wyndham Port from site, on a daily basis. The first Savannah North stope has now been mined with minimal dilution encountered, with reconciliation expected to be completed in the next two weeks. The stope is now being prepared for paste filling which is planned for later this month. The underground mining schedule has been modified to reflect labour accessibility issues stemming from border controls between Western Australia, the Northern Territory, South Australia and, more recently, Queensland. The focus of the site team has been to maintain development rates with lower than planned ore production from stopes. Pleasingly, the impact has been mitigated by the ore stockpile strategy implemented since the restart of underground mining, and the substantial existing surface ore stockpile is being drawn upon, supplemented by fresh ore from underground. Ore stockpiled at surface is currently estimated to be approximately 70,000t. With the expectation of relaxed border restrictions from 5 February 2022, the mining sequence will revert to a more balanced profile between underground development and stope ore production, with a reduction in border controls also expected to assist in ramp up of production. The additional new fleet of underground equipment including trucks, loaders and supplementary infrastructure equipment has begun arriving on site, with supplementary infrastructure being installed prior to the end of December. A grade control drilling program was recently completed at Savannah North targeting the 1401, 1381 and 1361 levels. These holes have been drilled from the footwall drive to facilitate final stope designs for the 1361, 1381 and 1401 production levels. The program involved 67 drill holes for a total of 2,946m drill metres with 1,848 samples collected and submitted for assay. The 1361, 1381 and 1401 grade control drill results confirm the strong and continuous nature of the mineralisation in the upper zone of Savannah North. The results provide strong certainty for mining development and stoping in the planned development levels of the Savanah North mine. Similar grade control programs are planned in the 1341 and 1421 levels. Resource definition drilling is planned ahead of the completion of the hanging wall drive to the east of the 1381 development which will allow drilling on the eastern side of the intrusion where the Savannah North Resource remains open. Drill programs will switch between Grade Control and Resource Definition throughout fiscal 2022.

Positive

Panoramic Resources Limited Provides an Update on the Advancement of Operational Activities At the Savannah Nickel Project to Support the Target of First Nickel-Copper-Cobalt Concentrate Shipment in December 2021

2021-10-19 21:23:00

Panoramic Resources Limited provided an update on the advancement of operational activities at the Savannah Nickel Project to support the target of first nickel-copper-cobalt concentrate shipment in December 2021. Key Points: Processing contractor Primero has fully mobilised to site and has successfully commissioned the Savannah processing plant three weeks ahead of schedule; Plant ore feed is being sourced from the +120kt ore stockpile generated since mining operations restarted; First nickel-copper-cobalt concentrate has been produced from the plant and is being stockpiled at site; Trucking of concentrate from site to the Wyndham Port is planned to commence next week; First shipment of concentrate is expected to leave Wyndham port in December 2021. The ~1Mtpa processing plant at Savannah has been successfully commissioned three weeks ahead of schedule, following the completion of requisite preparatory works by Primero's maintenance crew. As previously announced, Primero had partially mobilised to site to ensure operational readiness at the plant, which upon completion, allowed for full mobilisation of Primero's operating crews and the commencement of 24/7 ore processing to begin. The crushing, milling and flotation circuits, and tailings processing have achieved operational stability with concentrate production underway. Concentrate haulage from site to Wyndham Port is planned to commence next week, with haulage contractor Cambridge Gulf Limited having already recruited a local workforce for concentrate haulage. Primero's recruitment process ahead of the restart has been extremely successful given the current labour environment. All management and technical roles have been filled and 95% of the recruited workforce are WA-based employees, with the remaining employees being Northern Territory-based.

Neutral

Panoramic Resources Limited - Shareholder/Analyst Call

2021-10-10 21:13:00

Annual General Meeting

Neutral

Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021

2021-10-05 17:25:00

Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021. Venue: Pan Pacific Hotel, Perth, Australia.

Neutral

Panoramic Resources Limited Presents at Australian Nickel Conference, Oct-05-2021 11:55 AM

2021-10-05 17:25:00

Panoramic Resources Limited Presents at Australian Nickel Conference, Oct-05-2021 11:55 AM. Venue: Pan Pacific Hotel, Perth, Australia. Speakers: Rickman Victor Rajasooriar, MD, CEO & Executive Director.

Positive

Panoramic Resources Limited Provides Update on Operational Activities Currently Underway at the Savannah Nickel Project

2021-09-13 22:24:00

Panoramic Resources Limited provided an update on operational activities currently underway at the Savannah Nickel Project to support the target of first nickel-copper-cobalt concentrate shipment in December 2021. Underground mining has continued to progress well throughout August with momentum maintained since mining commenced in early July 2021. All activities have been carried out safely by underground mining contractor Barminco, with operating and financial performance achieving planned targets. During July and August, the focus was on maintaining one Jumbo, one long hole rig and four trucks, with a fifth truck expected to arrive in September to complement the current fleet. Pleasingly production from Savannah stopes have progressed to plan with single stope blasts of 30,000t being carried out with no technical difficulties. Dilution to date in the stopes has been minimal and development drive dilution is currently sitting at 10% which is better than budget with several improvement projects underway to further minimise dilution. The grades mined to date are in line with expectations based on preliminary sampling with final grade reconciliation to be available once the processing plant has been commissioned and concentrate produced. A mobilisation crew from processing plant contractor Primero has been on site since the middle of August to carry out familarisation and preparatory work in anticipation of processing commencing in November. All maintenance works carried out on the plant to date are ahead of schedule and within budgeted costs. Primero is well progressed in securing the necessary workforce to commence operations on time. Following a competitive tender process, a three-year concentrate haulage contract has been awarded to Cambridge Gulf Limited ("CGL"). CGL will be responsible for haulage services, including the loading of concentrate into trailers on site, road transport to Wyndham and discharge of concentrate into the Wyndham Shed. In addition to concentrate haulage, CGL has also been awarded a three year fuel supply contact following a competitive tender and continue to be the preferred supplier of stevedoring services at the Port of Wyndham when concentrate shipments resume. CGL is a local contractor based in Kununurra and Wyndham which has previously worked at Savannah and employs a local workforce with no reliance on FIFO workers. The first grade control drill program at Savannah North was undertaken from the 1381 footwall drive to facilitate final stope designs for the 1381 production level which is scheduled to begin stope production in late October. The grade control drill program, which was completed during August, involved 20 drill holes for a total of 912 drill metres with 597 samples collected and submitted for assay. Results from the program have now been received and are summarised in Table 1 (Appendix 1). The position of the grade control holes relative to the 1381 level, existing drill hole pierce points and preliminary life of mine (LOM) stope areas is shown in Figure 1. Appropriate JORC 2012 compliance tables. The 1381 grade control drill results confirm the strong and continuous nature of the Savannah North mineralisation in this area of the mine. Historic Resource Definition drilling angles (from the 1570 stockpile drill drive at Savannah) were not optimal, however the grade control drilling completed from the 1381 footwall drives were drilled from an ideal position and resulted in good drill angles and better intercepts. The results augur well for the future 1341, 1361 and 1401 grade control drill programs that will be implemented once footwall access is completed on these levels in the coming months. Stoping in Savannah North is planned for late October and given the current results from the grade control program, final mine designs of the production stopes for the 1381 level can continue with high confidence.

Neutral

Panoramic Resources Limited, Annual General Meeting, Oct 20, 2021

2021-08-30 03:34:00

Panoramic Resources Limited, Annual General Meeting, Oct 20, 2021, at 13:00 W. Australia Standard Time. Location: Mezzanine Floor Auditorium City Of Perth Library, 573 Hay Street Perth Western Australia Australia Agenda: To receive and consider the 2021 Annual Financial Report of the Company, which includes the financial report of the Company for the year ended 30 June 2021, together with notes to the financial statements, the Directors' declaration and the Directors' Report and the Auditor's Report as set out in the Annual Report; to consider Non-Binding Resolution to adopt Remuneration Report; to consider re-election of Ms Rebecca Hayward as a Director; to consider re-election of Mr. Peter Sullivan as a Director; to consider increase in Directors' Fee Pool; to consider Equity Incentive Plan; to consider Grant of Performance Rights to Mr. Victor Rajasooriar or his nominee; and to consider Grant of Dividend Adjustment Performance Rights to Mr. Victor Rajasooriar or his nominee.

Negative

Panoramic Resources Limited Auditor Raises 'Going Concern' Doubt

2021-08-30 00:00:00

Panoramic Resources Limited filed its Annual on Aug 30, 2021 for the period ending Jun 30, 2021. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Neutral

Panoramic Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 01:05 PM

2021-07-30 03:18:00

Panoramic Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 01:05 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Victor Rajasooriar, Managing Director and Chief Executive Officer.

Positive

Panoramic Resources Limited Advises Underground Development and Ore Production Has Commenced Ahead of Schedule At the Savannah Nickel Project in Western Australia

2021-07-08 22:20:00

Panoramic Resources Limited advised that underground development and ore production has commenced ahead of schedule at the Savannah Nickel Project in Western Australia. As announced on 6 April 2021, the Company was initially planning to commence mining in August 2021. However, with new equipment arriving on site earlier than planned and the recruitment of both technical staff and underground operators having progressed seamlessly, underground operations havecommenced ahead of schedule and in accordance with the terms of the Letter of Intent. Both development and production activities are currently underway, with additional equipment and people coming into the operation as the project ramps up. Ore processing is scheduled to begin in November 2021 with first concentrate shipment from Savannah targeted for the following month.

Neutral

Panoramic Resources Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 11:00 AM

2021-06-30 18:19:00

Panoramic Resources Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 11:00 AM. Venue: Peppers Noosa Resort, Noosa Heads, Queensland, Australia. Speakers: Rickman Victor Rajasooriar, MD, CEO & Director.

Fundamental Summary

Looking at Panoramic's financials of Q4 reflected unimpressive, mediocre results. Its income, value, and income factors all individually appear positive and give support for optimism regarding the likelihood of continued positive performance. We gave Panoramic a 66 rating and a HOLD recommendation.

Business Description

Panoramic, together with its subsidiaries, engages in the exploration, evaluation, development, and mining of mineral deposits. It holds 100% interests in the Savannah nickel project in Western Australia. The company also engages in greenfield exploration activities. The company was founded in 2001 and is based in Perth, Australia.

Sector Overview

Panoramic is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Panoramic's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 287.2 42.5% 75
Liabilities 119.1 241.6% 78
Price to Book 3.6 94.9% 85
Cash & Equivalents 11.0 -54.5% 58
Equity 168.2 0.9% 43
EBITDA 31.8 40.7% 50
Total Revenues 21.6 -7.9% 95
Parameter Value Change Score
Return on Equity 0.9 402.7% 62
Net Cashflow -18.8 -172.0% 69
Capital Expenditure -39.4 -206.7% 79
Asset Turnover 0.1 -16.3% 54
Free Cashflow -0.0 -120.8% 69

* All values are TTM

The below chart reflects Panoramic's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Panoramic's peer average final assessment score stands on 68.0, Panoramic's score is 66.

  •  PAN
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 51 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 52 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 53 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 54 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 55 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 56 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 57 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 58 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 59 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Panoramic's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Panoramic's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.

Bearish 57
Close Price 0.22
52W Low 0.14
52W High 0.37
5D MA 0.21
50D MA 0.27
200D MA 0.26
MACD -0.02
RSI 0.11
STOCH 15.38

Balance Sheet Analysis

A few metrics from Panoramic's current balance sheet were especially concerning: Equity and Cash & Equivalents. Panoramic management produced disappointing equity metrics this period, which stood at 168.2, representing a 0.9% change. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. Their equity metrics appear unremarkable relative to their peers. Its equity movement component, therefore, received a grade of 43. Also, Panoramic reported concerning cash and cash equivalents metrics in this filing. Specifically, they reported that cash and cash equivalents were 11.0, representing a -54.5% change from the last period. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Consequently, their cash and cash equivalents movement received a grade of 58. That said, one metric, Book Value Factors, stood out as strongly positive. Panoramic publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 3.6 and represents a 94.9% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their book value factors movement received a grade of 85. Therefore, it received a cautionary score of 58.

Parameter Value Change Score
Assets 287.2 42.5% 75
Liabilities 119.1 241.6% 78
Price to Book 3.6 94.9% 85
Cash & Equivalents 11.0 -54.5% 58
Equity 168.2 0.9% 43
* All values are TTM

The below chart describes Panoramic's performance as reflected on its balance sheet with respect to its peers. While Panoramic received a balance sheet score of 58, the average of its peers stands on 67.0.

  •  PAN
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 51 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 52 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 53 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 54 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 55 1
Neometals Ltd 531.9M 97 77 46 50 97 60 56 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 57 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 58 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 59 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Panoramic appears likely to maintain its strong income statement metrics and momentum going forward. Panoramic did an excellent job managing its revenue efficiency this past period. Panoramic's revenue efficiency is 21.6 according to the metrics in the current filing, which represents a -7.9% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 24.0%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. The company's revenue efficiency, therefore, received a grade of 95. Also, Panoramic's reported return on equity (ROE) ratio was 0.9, representing a change of 402.7%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Consequently, their return factors received a grade of 62. That said, one metric, EBITDA, stood out as strongly negative. Panoramic's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 31.8, which represents a 40.7% change from the last period. This parameter coud affect companies in the same industry and market capitalization by up to 20.0%. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 50. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 71.

Parameter Value Change Score
EBITDA 31.8 40.7% 50
Total Revenues 21.6 -7.9% 95
Return on Equity 0.9 402.7% 62
* All values are TTM

The below chart describes Panoramic's performance as reflected on its income statement with respect to its peers. While Panoramic received a income statement score of 71 , the average of its peers stands on 71.0.

  •  PAN
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 51 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 52 1
Westgold Resources Limited 575.3M 84 58 43 65 53 1
OM Holdings Limited 563.6M 50 96 97 75 54 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 55 1
Neometals Ltd 531.9M 87 66 56 72 56 1
Adriatic Metals PLC 528.8M 87 62 66 73 57 1
Argosy Minerals Limited 467.8M 87 62 66 73 58 1
Perenti Global Limited 461.4M 73 81 87 78 59 1
Champion Iron Limited 441.1M 95 50 45 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Overall, Panoramic's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Panoramic's management was effective in improving its CapEx, which now sits at -39.4 and represents -206.7% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 79. Also, Panoramic's management was effective in improving their net cash flow, which now sits at -18.8 and represents a -172.0% change from the previous report. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Hence, its net cash flow earned a score of 69. On the other hand, Asset Turnover, jumped out as looking problematic. Panoramic's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.1, representing a -16.3% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Therefore, their asset turnover movement earned a score of 54. Because their management is doing an excellent job managing these critical metrics, the cash_flow was given a score of 67.

Parameter Value Change Score
Net Cashflow -18.8 -172.0% 69
Capital Expenditure -39.4 -206.7% 79
Asset Turnover 0.1 -16.3% 54
Free Cashflow -0.0 -120.8% 69
* All values are TTM

The below chart describes Panoramic's performance as reflected on its cash flow with respect to its peers. While Panoramic received a cash flow score of 67, the average of its peers stands on 68.0.

  •  PAN
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 51 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 52 1
Westgold Resources Limited 575.3M 59 69 71 59 63 53 1
OM Holdings Limited 563.6M 75 90 90 75 82 54 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 55 1
Neometals Ltd 531.9M 62 54 71 52 60 56 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 57 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 58 1
Perenti Global Limited 461.4M 61 69 54 78 67 59 1
Champion Iron Limited 441.1M 56 69 51 49 55 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.