Pan African is a gold mining company that produces approximately 100,000oz per year.
Its focus is on developing low cost, high margin production or near production projects.

The Company has no debt, is unhedged and is able to fund all of its current on-mine capital from current cashflows.

The acquisition of Phoenix Platinum Mining (Pty) Ltd (Phoenix Platinum) does not change the gold focus of the Company. CTRP construction is anticipated to commence during June 2010 and first production is expected in the second half calendar year 2011.

   

More Information: Overview | Vision & Strategy | Structure | Project Location & Summary

   
 
 

Barberton Mines

   

Phoenix Platinum Project

 

- Underground gold production: 94,909oz
- Recovered grade of 10.32g/t
- Total cash cost of US$469/oz
- EBITDA of £17.8 million

- Option to acquire 100% of Phoenix in May 2009
- Phoenix owns the rights to contained Platinum
..Group Metals (PGMs) in historical and future
..chrome tailings
- Total cash consideration of £5.2 million
..(estimated in-house NPV of £27.6 million)
- Estimated required Capex to production: £6m

 

- Plant construction in Q3 2010*
- Production start up likely second half 2011

   
 

Audited Results for the year ended 30 June 2010
31 August 2010 | 1,2mb | 24 Pages

Unaudited Results for the period ended 31 December 2009
10 February 2010 | 8,8mb | 44 Pages

Pan African Annual Report 2009
17 November 2009 | 3,2mb | 111 Pages

     

Audited Full Year Results and Dividend Recommendation 31 August 2010

Revised Trading Update 25 August 2010

Additional Listing 24 August 2010

31 August 2010
Preliminary Results Presentation for the year ended 30 June 2010.
Click here for more details

UK (AIM): PAF | SA (JSE): PAN

Barberton Mines Data Pack
18 August 2010 > View here

Tel: + 27 11 243 2900 | Fax: + 27 11 880 1240 | Copyright © Pan African Resources PLC 2010 | Disclaimer | Terms of use | Privacy Policy | Site Credits
Last update: 31 August 2010 | webmaster@paf.co.za

* should plant location negotiations be successful.

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WARNING TO SHAREHOLDERS - BOILER ROOM SCAMS

Pan African has become aware that some shareholders may have received unsolicited phone calls or correspondence concerning investment matters.  These are typically from overseas based ‘brokers’ who target UK shareholders, offering to sell them what often turn out to be worthless or high risk shares in US or UK investments.  These operations are commonly known as ‘boiler rooms’.  These ‘brokers’ can be very persistent and extremely persuasive and in some instances may indicate that they are representing the Company.

Shareholders are advised to be extremely wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports.  If you receive any unsolicited investment advice:

1. Try to obtain the name of the person and organisation calling

2. Check that they are properly authorised by the FSA by visiting www.fsa.gov.uk/register/

3. Report the matter to the FSA by either calling 0300 500 5000 or visiting www.moneymadeclear.fsa.gov.uk

4. If the calls persist, hang up.

If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme.  The FSA can be contacted by completing an online form at www.fsa.gov.uk/pages/doing/regulated/law/alerts/overseas.shtml

More detailed information on this or similar activity can be found on the FSA website www.moneymadeclear.fsa.gov.uk

A share dealing facility to buy or sell shares in the Company is provided by Capita Share Dealing Services.  Details of this facility are available on the Company’s website at http://www.panafricanresources.com/contact_advisor.htm