Pan African Resources PLC
11 September 2007
11 September 2007
Pan African Resources PLC ('Pan African' or the 'Company')
Corporate Presentation
Pan African is pleased to announce that its new corporate presentation is now
available to download from the Company's web site: www.panafricanresources.com
under the heading 'Press Section'.
The corporate presentation makes specific reference to the reviewed, provisional
results of Barberton Mines Limited ('Barberton') for the year ended 30 June 2007
as consolidated into the results of Metorex Limited. On 31 July 2007 Barberton
became a 74% owned subsidiary of Pan African.
The results of Barberton for the year to 30 June 2007, as reported by Metorex
were as follows:
2007 2006
Tons milled (t) 330,367 313,779
Headgrade (g/t) 9.2 10.7
Overall recovery % 92 92
Produced (kg) 2,800 3,088
Sold (kg) 2,786 3,108
Average price: spot (R/kg) 148,230 108,683
hedge (R/kg) 96,088 90,047
Total cash cost/ kg sold (R/kg) 107,656 88,177
EBITDA (R'000) 79,965 58,291
Capital expenditure (R'000) 22,834 12,487
Depreciation (R'000) 30,056 24,452
For further information please contact:
Pan African Resources
Jan Nelson, CEO +27 (0) 11 777 7840
Colin Bird, Chairman +44 (0) 207 584 2155
Or visit www.panafricanresources.com
Ambrian Partners Limited
Richard Brown +44 (0) 20 7776 6417
Richard Greenfield +44 (0) 20 7776 6418
Macquarie First South Corporate Finance (Pty) Limited
Amanda Markman +27 (0) 11 343 2307
Done Hattingh +27 (0) 11 343 2308
Parkgreen Communications
Justine Howarth +44 (0) 207 493 3713
This information is provided by RNS
The company news service from the London Stock Exchange
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