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The company has mandated Somers & Partners to assist in the partial divestment of the assets via an ASX float.
The indicative structure is to value the assets at $A15 million and raise $15 million via a priority entitlement to existing Panoramic shareholders.
It is proposed that Somers will place any shortfall as underwriter.
A prospectus is being prepared for release in September.
The company has long been considering an IPO or trade sale of its gold assets, with the buoyant gold market boosting its hopes of success.
“The Panoramic board believes an IPO of the company’s Gum Creek gold assets is the most appropriate way to unlock the intrinsic value of these assets and the new funds raised will primarily be applied to exploration and development studies,” the company said.
A March scoping study identified the opportunity for a 60,000 ounce per annum gold operation, using a $1700 an ounce gold price.
The spot price is currently more than $1800/oz.
Capital costs for a six-year operation were put at $62 million.
Panoramic shares had a run last week on a rise in the nickel price and rose a further 11% today to a 2016 high of 19.5c.
