Pan African Resources Plc

Operational Update for the six months to 31.12.18

Pan African Resources PLC

("Pan African" or “the company" or “the group”)

(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)

Share code on AIM: PAF

Share code on JSE: PAN

ISIN: GB0004300496


Pan African is pleased to provide an operational update for the six months ended 31 December 2018 (“current reporting period”).

Key highlights for the current reporting period

As previously communicated, the drilling programme on Barberton Mines’ Royal Sheba prospect was completed, indicating a near surface mineral resource of 0.37Moz with a 900m strike and 150m down dip extension. The total mineral resource is now 0.76Moz (8.97Mt at 2.62g/t) comprising the near surface resource of 0.37Moz (5.85Mt at 1.96g/t) and the underground mineral resource of 0.39Moz (3.12Mt at 3.87g/t).

We have a demonstrable record of replenishing our mineral resources through effective exploration and look to organic growth projects, such as Royal Sheba, to further enhance the sustainability of the group’s operations and to continue to deliver attractive returns to all our stakeholders.”


The group has significantly improved its safety performance in the current reporting period. We remain committed to ensuring the safety of all our employees, while we continue to strive towards a zero harm environment.

Contact information
Corporate Office
The Firs Office Building
2nd Floor, Office 204
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office:   + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240
Registered Office
Suite 31
Second Floor
107 Cheapside
United Kingdom
Office:   + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 8645
Cobus Loots     
Pan African Resources PLC   
Chief Executive Officer 
Office: + 27 (0) 11 243 2900                                         
Deon Louw
Pan African Resources PLC
Financial Director
Office: + 27 (0) 11 243 2900
Phil Dexter
St James's Corporate Services Limited
Company Secretary
Office: + 44 (0) 207 796 8644
John Prior/Paul Gillam
Numis Securities Limited
Nominated Adviser and Joint Broker
Office: +44 (0) 20 7260 1000
Marian Gaylard
Questco Corporate Advisory (Proprietary) Limited
JSE Sponsor
Office: + 27 (0) 11 011 9200
Ross Allister/James Bavister/David McKeown
Peel Hunt LLP
Joint Broker
Office: +44 (0) 207 418 8900
Julian Gwillim
Aprio Strategic Communications
Public & Investor Relations SA
Office: +27 (0)11 880 0037        
Jeffrey Couch/ Thomas Rider/ Neil Elliot
BMO Capital Markets Limited
Joint Broker
Office: +44 (0) 207 236 1010
Bobby Morse and Chris Judd
Public & Investor Relations UK
Office: +44 (0)20 7466 5000
[email protected]