Pan African will shortly be announcing the results of its Definitive Feasibility Study at Mogale Gold Tailings Storage Facilities, one of two assets the Group has provisionally acquired from Mintails SA.

 

It’s anticipated the Mintails tailings could contribute up to 60 000 low-cost ounces per annum over 20 years. Should this be confirmed by the DFS, and as part of the due diligence analysis, Pan African Resources will acquire the share capital and associated shareholder loans and other claims by August 2022 and move towards production by 2025.