
Heart Conquered quickly accounted for the leaders before staving off the challenge of Frazier to win by three-quarters of a length with Akeed Mofeed filly La Vita in third place.
"It was a good win," Pannell said.
"I rode the horse in his first start last year, he was very green and John (Hawkes) made the right decision to tip him out and give him some time to mature.
"The horse relaxes good, he switches off good and he's very professional so he's going the right way about it."
A homebred for Goldin Farms, Heart Conquered is the first winner for seven-time winning Show a Heart mare Heart to Fear.
By champion sire Dubawi, Akeed Mofeed won both the Hong Kong Derby and Hong Kong Cup during a fruitful racing career that saw him rated the third best horse in the world in early 2014.
Akeed Mofeed was retired to stand at South Australia's Goldin Farms in 2014 and stands at a fee of $16,500.
He has three entries for the Magic Millions Adelaide Yearling Sale next week.