![]() |
![]() |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Overview |
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Phoenix Platinum Project (South Africa) - Milestones Achieved |
|
|
|
Key Events |
Achievement |
Completion Date |
Comments |
|
CTRP site negotiation |
Concluded agreement |
5 November 2010 |
Total consideration of ZAR80 million (£7.2 million) payable in tranches as follows: payment of ZAR25 million (£2.24 million) paid on signature ZAR25 million (£2.24 million) on commencement of bulk earthworks ZAR500,00 (£0.05 million) to purchase the site property, payable on transfer ZAR29.5 million (£2.64 million) on commissioning of CTRP |
|
Project |
Independent overall |
1 August |
Review concluded that there were no fatal flaws in the information reviewed |
|
|
Detail engineering |
July |
Design review completed by external experts led to minor design changes |
|
Final capital expenditure |
Capital estimate |
August |
Estimated ZAR104 million |
|
|
Concluded capital construction and |
18 November 2010 |
Lump sum turnkey contract concluded with Matomo Projects (Pty) Ltd |
|
Commenced construction |
Site establishment |
18 November 2010 |
Procurement and long lead item phase commenced |
|
|
|
Phoenix Platinum Project (South Africa) - Milestones Planned |
|
|
|
Key Events |
Objective |
Estimated Completion Date |
|
Procurement |
Conclude procurement of long lead items (feed |
Complete |
|
Detail design |
Finalise construction drawings and diagrams on |
Complete |
|
Commence |
Bulk earthworks on site and civil engineering Commence mechanical construction and erection |
Mid-March 2011 Mid-May 2011 |
|
Commissioning |
Complete construcition and start cold commissioning |
October 2011 |
|
Full production |
Achieve planned production rate |
Q1 2012 |
|
|
Manica Gold Project (Mozambique) - Project Schedule |
|
|
|
Key Events |
Completion Date |
Progress |
|
Metallurgical test work |
October 2010 |
|
|
Mine design |
November 2010 |
|
|
Plant design |
November 2010 |
|
|
Engineering design |
November 2010 |
|
|
Completion of pre-feasibility - open pit |
December 2010 |
|
|
Environmental impact assessment |
June 2011 |
|
|
|
UK (AIM): PAF | SA (JSE): PAN Tel: + 27 11 243 2900 |
Fax: + 27 11 880 1240 |
Copyright © Pan African Resources PLC 2012 | Disclaimer | Terms of use | Privacy
Policy |