Panoramic Resources Limited (ASX:PAN)
says its current exploration program is showing positive results for extending the mine life of its two main nickel projects.
Panoramic says the three nickel zones discovered at its Lower Schmitz discovery at Lanfranchi is on track for drill exploration completion by the end of the year and show high promise.
This has the potential to add about two years of mine life to the nickel project and could prove beneficial if we see an increase in the price of the metal.
Panoramic Resources reported a net loss of $4.76 million for the first half of the 2015 financial year.