April 6 (Reuters) - Panoramic Resources Ltd PAN.AX :
* UNIT RECEIVED A LOI FROM PANORAMIC RESOURCES LIMITED
* LOI FOR DEVELOPMENT & PRODUCTION WORKS AT SAVANNAH NICKEL PROJECT IN WESTERN AUSTRALIA
* EXPECTS CONTRACT WILL EXPAND ITS CURRENT WORK IN HAND BY MORE THAN $280 MILLION OVER A FOUR-YEAR CONTRACT TERM
* PANORAMIC BOARD OF DIRECTORS APPROVED RESTART OF SAVANNAH PROJECT SCHEDULED TO RECOMMENCE IN AUGUST 2021