Current Price - $.089

Market Cap - $182.5m

Current Float 78.9%

Projected price target in 12 months - $0 .18

Located in Perth WA. Currently owns the savannah nickel project in the Kimberley.

Plant was successful in the recommissioning in 2021 with an anticipated 12 year mine life expected. Confirmed in in 2023.

With the increasing need for nickel, copper and cobalt the Savannah project is well positioned to take advantage of the future need. With the close proximity to key Asian markets and the exploration programs with expected drilling results in 2024 via the north ore body it is expected that PAN will increase its production capacity by the end of 2024 depending on the exploration results.

Currently the Savannah operations have been impacted by operational equipment failures as a result they did not achieve the relevant guidance for 2023. This has resulted in a buying opportunity in the stock and as such I put an expected share price of between .15 - .18 to be achieved if the production is restored in the end of 2023 and the exploration results are positive.

Cheers