Australian nickel producer Panoramic Resources said its Lanfranchi project has secured an extension to increase its ore deliveries.
The company has extended its Ore Tolling and Concentrate Purchase Agreement with BHP Billiton Nickel West, increasing it from 350,000t per annum to 435,000t per annum for 2009-10.
The company said it is “delighted” that BHP Billiton Nickel West will accept 435,000t of ore from Lanfranchi and has also elected to extend the agreement a further nine years out to February 2019.
“Panoramic has confidence in the Lanfranchi project’s ability to supply significant quantities of ore to the Kambalda concentrator in the long term”, the company said in a statement.
The Lanfranchi project lies 42km south of Kambalda in Western Australia.