Shareholders are advised that Yvonne Themba and Charles Needham have been appointed as independent non-executive directors to the board of directors of Pan African with effect from 17 July 2019.
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Please click here to watch the webcast of the presentation at the European Gold Forum 2019 in Zurich which took place on the 10 April 2019.
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Pan African is pleased to provide an operational update for the nine months ended 31 March 2019 (“Current Reporting Period”) as well as detail on progress with internal growth projects and initial production guidance for the 2020 financial year.
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Shareholders are referred to previous announcements relating to Royal Sheba, specifically, the announcement of 6 September 2018 pertaining to the update on the exploration drilling programme and the Mineral Resource Estimate (“MRE”).
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Pan African CEO Cobus Loots commented:
“The group results for the 2018 financial year are reflective of both the incredibly challenging operational environment and the specific issues that confronted the group over the past year. These issues, as well as the definitive remedial actions we implemented, were well disseminated to the market. The operational update and
Shareholders are referred to previous announcements pertaining to Royal Sheba, specifically, the information included in the operational update of 28 March 2018. The Group has continued the Royal Sheba exploration drilling programme and is now able to provide feedback on the updated Mineral Resource Estimate (“MRE”) and the surface exploration drilling results. The results, thus
African Resources is pleased to announce that Barberton Mines Proprietary Limited (“Barberton Mines”) has successfully concluded a three-year wage agreement with the National Union of Mineworkers (“NUM”) and the United Association of South Africa UASA”) (“the Agreement”). NUM and UASA represent the majority of employees at Barberton Mines. The Agreement provides for an average annual