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PAN
PAN
PAN - Pan African Resources Plc - Pan African commences bulk earthworks at
Phoenix Platinum
Pan African Resources plc
(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` or the `Company`)
Pan African Commences Bulk Earthworks at Phoenix Platinum
Pan African, the African focused precious metals producer, has today commenced
bulk earthworks (note 1) at its Phoenix Platinum Project (`Phoenix`) in the
North West Province of South Africa.
The construction of the Chrome Tailings Retreatment Plant (`CTRP`) at Phoenix
is on schedule and the procurement of major equipment has been completed. Plant
construction is scheduled to start in mid-May 2011 with plant commissioning
planned for October 2011. The CTRP full production rate of 20,000 tons per
month is expected to be achieved in the first quarter of 2012.
Jan Nelson, Chief Executive Officer of Pan African commented: "This is another
key milestone in the process of Pan African becoming a platinum producer in
addition to the Company already producing approximately 100,000 ounces of gold
per annum. We are delighted with the progress on site, which is on schedule and
on budget. We look forward to reporting first production later this year."
Note 1: Bulk earthworks is the commencement of site clearance prior to plant
construction
ENDS
For further information on Pan African Resources plc, please visit the website
at www.panafricanresources.com
Johannesburg
23 March 2011
JSE Sponsor:
Macquarie First South Advisers (Pty) Limited
Enquiries:
South Africa United Kingdom
Pan African RBC Capital Markets
Jan Nelson, Chief Executive Officer Martin Eales
+27 (0) 11 243 2900 +44 (0) 20 7653 4000
Pan African St James`s Corporate Services
Nicole Spruijt, Public Relations Limited
+27 (0) 11 243 2900 Phil Dexter
+44 (0) 20 7499 3916
Macquarie First South Advisers (Pty) Gable Communications
Limited Justine James
Melanie de Nysschen/ +44 (0) 20 7193 7463
Annerie Britz/ Yvette Labuschagne +44 (0) 7525 324431
+27 (0) 11 583 2000
Date: 23/03/2011 09:00:14 Produced by the JSE SENS Department.
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