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22-Nov-2017
(Official Notice)
07-Nov-2017
(Official Notice)
Further to the announcement published on 31 July 2017, Pan-Af announced that all conditions precedent to the disposal of 100% of the shares and loan accounts in Phoenix Platinum to Sylvania Platinum Ltd. (?Transaction?) have now been fulfilled.



This follows, amongst other conditions, the approval of the Transaction by the South African Competition Authorities in accordance with the Competition Act, No. 89 of 1998.



The effective date of the Transaction is 6 November 2017, following the cash settlement of the Transaction consideration of R89 million or approximately USD6.3 million.
30-Oct-2017
(Official Notice)
Pan-Af?s annual general meeting (?AGM?) of shareholders will be held at the offices of Fladgate LLP, 16 Great Queen Street, London, WC2B 6DG on Tuesday, 21 November 2017 at 11:00 (all times stated are United Kingdom times unless otherwise stated). Shareholders are advised that the notice of AGM and the full integrated annual report, including the annual financial statements for the year ended 30 June 2017, are being distributed to shareholders today, Monday, 30 October 2017. The notice of AGM and the full integrated annual report will also be available on the Company?s website at www.panafricanresources.com from today, Monday, 30 October 2017.



No change statement

The annual financial statements for the year ended 30 June 2017 contain no modifications to the financial information contained in the provisional audited results for the year ended 30 June 2017 published on Wednesday, 20 September 2017.
18-Oct-2017
(Official Notice)
Pan-Af is pleased to announce that Barberton Mines (Pty) Ltd. (?Barberton Mines?) has successfully concluded a one year wage agreement with the National Union of Mineworkers (?NUM?) (?Agreement?), this Agreement follows on from the previous two year wage agreement which concluded on 30 June 2017. The Agreement is in addition to the three year wage agreement (1 July 2015 ? 30 June 2018) with the United Association of South Africa (?UASA?). NUM and UASA currently represent the employees of Barberton Mines. In terms of the Agreement, the average wage increase for all Barberton Mines employees will amount to approximately 8% per annum, effective from 1 July 2017.



Barberton Mines experienced a 2.5 day stoppage during the negotiation period. The stoppage is not expected to affect the Group?s production guidance of 190 000oz for the financial year ending 30 June 2018.



For further information on Pan-Af, please visit the Company?s website at www.panafricanresources.com
20-Sep-2017
(Official Notice)
Pan-Af, the African focused precious metals producer, announced that the 2017 Abridged Mineral Resource and Mineral Reserve Report (?MR-MR?) has been published and is available on the Company's website at www.panafricanresources.com. A summary of the MR-MR, including the Group Mineral Resource and Mineral Reserve statement as at 30 June 2017, has been provided below.



Overview

? 1.2 million ounces (?Moz?) or 12.0% gross annual increase in Group gold reserves to 11.2Moz (2016: 10.0Moz).

? 0.5Moz or 1.4% gross annual decrease in Group gold resources to 34.4Moz (2016: 34.9Moz).

? No material change in Group platinum group elements (?PGE?) resource, 0.6Moz (2016: 0.6Moz).

? No material change in Group PGE reserve, 0.2Moz (2016: 0.2Moz).

? Disposal of Uitkomst Colliery (Pty) Ltd. to Coal of Africa Ltd. on 30 June 2017.

? Following positive mineral resource (2.0Moz) to mineral reserve (1.7Moz) conversion and the definitive feasibility results of the Evander Gold Mining (Pty) Ltd. (?Evander Mines?) tailings storage facilities re-mining projects (?Elikhulu Project?), the Company had mandated DRA Projects SA (Pty) Ltd. (?DRA Projects?) to commence construction of the project. The life of mine (?LOM?) for Elikhulu Project is stated at 14 years, yielding approximately 56 000oz a year for the initial eight years of production and then approximately 45 000oz per annum for the remaining six years.

? Focused mineral reserve conversion at Barberton Mines (Pty) Ltd. (?Barberton Mines?) through the development of the sub-vertical shaft project at its Fairview operation, thereby increasing overall capacity and production from the main reef complex (?MRC?) section by 7 000 ? 10 000oz per annum and sustaining the LOM at Barberton Mines to 20 years.

? Surface exploration drilling progressed well at Evander Mines targeting the 2010 Pay Channel. A feasibility study on exploiting the surrounding pillars at Evander Mines? No 7 Shaft and the 2010 Pay Channel resources is expected to be completed during the first quarter of the 2018 financial year. Evander Mines and the current Evander Tailings Retreatment Plant (?ETRP?) LOM stated at 15 years.

? SRK Consulting (Pty) Ltd. has independently reviewed the Mineral Resources and Mineral Reserves of the Pan-Af?s gold assets as at 30 June 2017 and signed off on the declared estimates.
20-Sep-2017
(C)
Gold sales for the year increased to GBP169.6 million (2016: GBP161.3 million), mining profit decreased to GBP23.3 million (2016: GBP49.9 million), profit after taxation from continuing operations lowered to GBP22.8 million (2016: GBP25.3 million), while headline earnings per share fell 17% to GBP1.17 pence per share (2016: GBP1.41 pence per share).



Proposed dividend for approval at the AGM

The board has analysed the group performance and dividend policy and has proposed a final dividend of R185 million or approximately GBP10.9 million, equating to R0.08279 per share or approximately GBP0.48697 pence per share. This dividend is subject to approval at the AGM, which will take place on Tuesday, 21 November 2017.



Company outlook

In the 2018 financial year, the key focus areas for the group, from an operational perspective, include:

- Continuing to improve our safety and regulatory compliance across all operations.

- Achieving its gold production guidance of 190,000oz for the 2018 financial year.

- Ensuring construction of the Elikhulu Project progresses according to the original schedule and budget.

- Completing the drilling programme deflections on the Evander Mines 2010 Pay Channel and finalising the technical and economic evaluation of the project.

- Commencing construction of the Barberton Mines' sub-vertical shaft project at Fairview.

- Ensuring sustainable and optimal operating performance at our gold mining operations.

- Further improving stakeholder engagement to minimise operational stoppages.

- Concluding the R89 million disposal of Phoenix Platinum to Sylvania.



The group continues to evaluate acquisitive opportunities, particularly within other African jurisdictions, in accordance with the group's rigorous capital allocation criteria.



We extend our appreciation to our management teams and all other staff for their hard work and persistence during this challenging period. Their commitment and perseverance has enabled Pan-Af to continue operating successfully. We also thank our fellow directors for their support and guidance.
25-Aug-2017
(Official Notice)
Pan African Resources advises that the Integrated Water Use Licence for Elikhulu has been granted by the Department of Water and Sanitation, for a period of 20 years. Furthermore, the Integrated Environmental Authorisation has also been issued in terms of the National Environmental Management Act 107 of 1998. All environmental regulatory permits are therefore in place to commence construction of Elikhulu.







18-Aug-2017
(Official Notice)
31-Jul-2017
(Official Notice)
Pan African is pleased to announce that the Group has successfully concluded a conditional agreement with Sylvania, whereby Pan African will dispose of all of its shares and loan accounts in its wholly-owned subsidiary Phoenix Platinum to Sylvania for a total cash consideration of R89 million (the ?Transaction?).



The Transaction provides Pan African with an opportunity to meet the following strategic objectives:

*Focus on core assets and value accretive growth opportunities: The Transaction will enable Pan African management to focus on the Group?s existing gold operations, the construction of the Elikhulu project and other organic and acquisitive growth opportunities; and

*Further improved financial position: The cash proceeds of R89 million, payable on Transaction closure, will further strengthen the Group?s financial position and supplement the Group?s existing cash resources and debt facilities.



The Transaction is conditional upon the conclusion of a confirmatory due diligence and other suspensive conditions customary for a transaction of this nature. The Transaction is expected to be finalised within a 90 day timeframe from the date of this announcement. The Transaction falls below the threshold for categorisation in terms of the JSE Limited Listings Requirements and this announcement is provided for information purposes only.

20-Jul-2017
(Official Notice)
Pan Af, the African-focused precious metals producer, is pleased to provide an operational update for the year ended 30 June 2017 (?current reporting period?).



Key features and highlights

* Gold produced for the current reporting period was approximately 173koz, 4.4% below the production guidance provided. This was due to the slower than anticipated restart of the underground mine at Evander Gold Mining (Pty) Ltd. (?Evander Mines?) and operational challenges experienced at Barberton Mines (Pty) Ltd. (?Barberton Mines?), which have now been remedied.

* Evander Mines 7 shaft refurbishment has been successfully completed, and the restructuring programme is materially complete.

* Elikhulu Tailings Retreatment Plant (?Elikhulu?) is fully funded and construction on-track.

* Feasibility study completed for a sub-vertical shaft at the high-grade Fairview mining operation at Barberton Mines, with an estimated capital expenditure of R105 million, to be spent over a two year period. This project should yield an additional 7-10koz of gold per annum.

* Encouraging high grade drill result at Evander Mines? 2010 Pay Channel orebody, which has prompted a feasibility study to assess the economic viability of expanding the underground mining operations.

* Completion of disposal of Uitkomst Colliery (Pty) Ltd. (?Uitkomst Colliery?) on 30 June 2017.

* Strong statement of financial position with net debt of R66.7 million at 30 June 2017 (30 June 2016: R339.7 million) and available debt facilities of R880.2 million.

* Production guidance for the 2018 financial year in excess of 190koz.
26-Jun-2017
(Official Notice)
Further to the announcement published on 5 April 2017, Pan-Af announced that all conditions precedent to the disposal of 100% of the shares and loan accounts in Pan African Resources Coal Holdings (Pty) Ltd. (?PAR Coal?) (?the Transaction?) have now been fulfilled. This follows Uitkomst Colliery (Pty) Ltd. (?Uitkomst?) having entered into a supply of coal agreement on terms acceptable to Coal of Africa Ltd. (?CoAL?).



As a result, the effective date of the Transaction will be 30 June 2017 (?Effective Date?), when CoAL will take ownership, control and management of PAR CoAL and Uitkomst and Pan-Af will receive its consideration which will be settled as follows:

- R125 million in cash on the Effective Date.

- R125 million through the issue of 261,287,625 new ordinary shares in CoAL on the Effective Date.

- R25 million in deferred consideration (the ?Deferred Consideration?). The Deferred Consideration may be paid by CoAL at any time prior to the second anniversary of the Effective Date. The Deferred Consideration will bear interest at the South African prime overdraft rate from the Effective Date. If the Deferred Consideration and any interest accrued thereon is not paid to Pan-Af by the second anniversary of the Effective Date, Pan-Af may elect to have the amount due to it settled through the issue of new CoAL ordinary shares at a price per share equal to the 30-day volume weighted average price of a CoAL ordinary share as traded on the exchange operated by the JSE prevailing on the last trading day immediately prior to the date that such election is made.
19-Apr-2017
(Official Notice)
Pan Af, the Africa-focused precious metals producer refers shareholders to the announcements released on 12 April 2017 in respect of the Bookbuild through which a total of 291 480 983 new ordinary shares (the "Placing Shares") were successfully placed, raising gross proceeds of ZAR705 million (USD51 million).



The company announced that approval to admit the Placing Shares for trading on AIM, a market operated by the London Stock Exchange (?LSE?) and the Johannesburg Stock Exchange, an exchange operated by JSE Ltd. (?JSE?) has been granted by the LSE and the JSE, both with effect from commencement of trade on Wednesday, 19 April 2017.



Furthermore, in compliance with paragraph 11.22 Listings Requirements of the JSE, the following information is disclosed:

* A total of 291 480 983 Placing Shares were issued at a price of GBP14 pence per Placing Share (representing a discount of approximately 7.6% to the 30-day volume weighted average traded price of GBP15.15 pence on the LSE as at 11 April 2017) or ZAR2.42 per Placing Share (representing a discount of approximately 7.6% to 30-day volume weighted average traded price of R2.62 on the JSE as at 11 April 2017);

* The company will therefore have 2 234 687 537 Ordinary Shares in issue subsequent to the Bookbuild, which figure may also be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the company;

* The Placing Shares were issued to public shareholders as defined in the JSE Listings Requirements, comprising existing and new institutional investors;

* The net proceeds of the Placing will be used to fast-track development of the company?s Elikhulu Tailings Project in South Africa (?Project?) following publication of the Definitive Feasibility Study for the Project announced on 5 December 2016 and for working capital purposes.



This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.



Unless otherwise defined herein, terms are as defined in the announcements made on 12 April 2017.
12-Apr-2017
(Official Notice)
Pan Af, the Africa-focused precious metals producer, announced that, following the announcement earlier today regarding the launch of a proposed placing (the "Placing"), it has successfully placed 291 480 983 new ordinary shares of GBP1 pence each (the "Placing Shares") at an issue price of 14 pence per Placing Share or ZAR2.42 per Placing Share (together, the ?Issue Price?) raising gross proceeds of ZAR705 million (USD51 million).



The net proceeds of the Placing will be used in conjunction with a ZAR1.0 billion (USD72.3 million) underwritten seven-year debt facility which has been agreed in principle with Rand Merchant Bank, a division of FirstRand Bank Ltd. (?RMB facility?), to fast-track development of the company?s Elikhulu Tailings Project in South Africa (?Elikhulu? or the ?Project?) following publication of the Definitive Feasibility Study for the Project announced on 5 December 2016.



The Placing was conducted by way of an accelerated bookbuilding process. Numis Securities Ltd. (?Numis?), Hannam - Partners (Advisory) LLP (?H-P?) and Peel Hunt LLP (?Peel Hunt?) acted as the UK placing agents and The Standard Bank of South Africa Ltd. (?Standard Bank?) and Rand Merchant Bank, a division of FirstRand Bank Ltd. (?RMB?) acted as the South African placing agents in connection with the Placing.



The Issue Price represents discounts of approximately 12.5 percent and 11.0 percent to the company?s share price of 16 pence per share and ZAR2.72 per share respectively as at market close on 11 April 2017, being the last business day prior to the launch of the Placing.



Application will be made for the Placing Shares to be admitted to trading on AIM, a market operated by the London Stock Exchange and the Johannesburg Stock Exchange, an exchange operated by JSE Ltd., which is expected to occur on or around 19 April 2017.



Following Admission, the company will have 2 234 687 37 Ordinary Shares in issue of which 436 358 058 are held by PAR Gold (Pty) Ltd. and are treated as treasury shares on consolidation. The total number of voting rights of the company will be 2 234 687 537 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the company.
12-Apr-2017
(Official Notice)
10-Apr-2017
(Official Notice)
05-Apr-2017
(Official Notice)
10-Mar-2017
(Official Notice)
22-Feb-2017
(C)
Revenue for the interim period jumped to GBP105.0 million (GBP75.6 million). Mining profit decreased to GBP19.0 million (R19.5 million). Profit attributable to owners grew to GBP14.0 million (GBP10.9 million). In addition, headline earnings per share increased to GBP0.91pps (GBP0.6pps).



Outlook

In the second half of the financial year, the key focus areas for the group, from an operational perspective, includes:

- Continuing to improve our safety and compliance across all operations.

- Resume underground mining operations at Evander Mines, following the temporary suspension of mining to refurbish critical infrastructure.

- Improving the operating performance from underground gold mining operations, to ensure full year production guidance.

- Further improving stakeholder relations to minimise stoppages, particularly with the communities in which we operate, following the unrest experienced at Barberton Mines. This will be achieved by continuously engaging with the communities around our operations to find amicable solutions to their concerns.

- Ensuring Evander Mines' 7 Shaft returns to normal hoisting speeds to improve hoisting capacity.

- Finalising the Elikhulu financing arrangements and progressing towards construction and full-scale production.

- Finalising the current drilling programme on the Evander 2010 pay channel and assessing the results of this campaign.

- Uitkomst Colliery will focus on ensuring stable production is maintained and will review the possibility of expanding run-of-mine production.

- Phoenix Platinum aims to improve and capitalise on its increased production capacity and recoveries, and grow production even further following the installation of the high energy agitation cells.



The group continues to evaluate acquisitive opportunities, particularly within Africa. Any acquisition considered will, however, be subject to the group's stringent capital allocation and low cost production criteria, delivering the requisite returns to its shareholders within a short- to medium-term timeframe.
20-Feb-2017
(Official Notice)
It is with deep regret that Pan African reports that a mining accident occurred at the Evander 7 shaft complex on 15 February 2017. Mr Velile Chaplin Kapa (54), an Engineering Assistant employed by the operation, sustained a fatal head injury when a section of the main shaft pump column failed whilst he was working in the shaft bottom area.



Shaft refurbishment programme

Shareholders are referred to the Trading Update, released on 5 December 2016, in which Pan African, inter-alia, disclosed details of the refurbishment programme being conducted at Evander?s 7A shaft.

In conjunction with the 7A shaft refurbishment programme, Evander?s management initiated a number of independent and internal engineering studies to assess the condition of Evander?s underground mining infrastructure (both Evander 7 and 8 shafts). These studies identified critical infrastructure issues requiring remedial action, to ensure safe and sustainable operation of these shafts. The nature of these refurbishments require a suspension of Evander?s underground mining operations for a period of up to 55 days, during which critical infrastructure issues will be addressed. Evander?s tailings and surface operations will be unaffected by the underground mining suspension.



The cost of the shaft refurbishment programmes is expected to be approximately R40 million, which will be funded from the Company?s existing banking facilities. In light of these recent developments, Pan African has revised its gold production guidance for the financial year ending 30 June 2017 from 195 000 ounces to approximately 181 000 ounces.



Pan African?s interim results for the period ended 31 December 2016 will be released on 22 February 2017. Further detail on the Evander underground refurbishment programme will be made available as part of this interim presentation.
09-Feb-2017
(Official Notice)
Pan African shareholders are advised that at the general meeting (?GM?) of shareholders held on Thursday, 9 February 2017, all the ordinary and special resolutions, as set out in the notice of GM dated Tuesday, 17 January 2017, were approved by the requisite majority of shareholders present or represented by proxy.



The total number of Pan African shares eligible to vote at the GM is 1 943 206 554. The highest number of shares voted in person or by proxy was 1 409 947 299 representing 72.56% of the total issued share capital of the same class of Pan African.



27-Jan-2017
(Official Notice)
16-Jan-2017
(Official Notice)
21-Dec-2016
(Official Notice)
Pan African announces that it has applied for the admission of 965,000 ordinary shares of 1p each in the company (?Shares?) to trading on AIM. These Shares were issued in February 2014 pursuant to the exercise of share options as described in the company?s announcement of 19 February 2014, but not admitted to trading on AIM at that time. Admission is expected to occur at 8.00am on 28 December 2016. These Shares are already listed on the Main Board of JSE Ltd.



There is no change to the total issued share capital of the company which comprises 1,943,206,554 shares with no shares held in treasury.
05-Dec-2016
(Official Notice)
25-Nov-2016
(Official Notice)
Pan African shareholders are advised that at the annual general meeting ("AGM") of shareholders held on Friday, 25 November 2016, all the ordinary and special resolutions, as set out in the notice of AGM dated 20 September 2016, were approved by the requisite majority of shareholders present or represented by proxy. The total number of Pan African shares eligible to vote at the AGM is 1,943,206,554. The highest number of shares voted in person or by proxy was 1,481,855,576 representing 76.26% of the total issued share capital of the same class of Pan African.
04-Nov-2016
(Official Notice)
Pan African shareholders (?Shareholders?) are referred to the notice of annual general meeting dated 20 September 2016 (?Notice of AGM?). Shareholders are advised that the form of proxy entitled ?Form of proxy South Africa? attached to the Notice of AGM (?Original Form of Proxy?) has been amended (?Amended Form of Proxy?) and has been distributed to Shareholders today, 4 November 2016. The Amended Form of Proxy is also available on the Company?s website at www.panafricanresources.com.



Shareholders should note that the Original Form of Proxy is no longer valid and is replaced by the Amended Form of Proxy. The form of proxy entitled ?Form of proxy United Kingdom? attached to the Notice of AGM still remains valid. All the salient dates and times set out in the Notice of AGM still apply.
28-Oct-2016
(Official Notice)
Notice is hereby given that Pan African?s annual general meeting (?AGM?) of shareholders will be held at the offices of Numis Securities Ltd., The London Stock Exchange Building, 10 Paternoster Square, London, EC4M 7LT on Friday, 25 November 2016 at 11:00 (all times stated are United Kingdom times unless otherwise stated). Please note that as the AGM will be held at The London Stock Exchange all attendees will be required to show ID in order to gain entry.



The notice of AGM and integrated annual report are being distributed to shareholders today, 28 October 2016.



Shareholders are advised that the notice of AGM and the full integrated annual report, including the annual financial statements for the year ended 30 June 2016, will be available on the company?s website at www.panafricanresources.com from today, 28 October 2016.



The annual financial statements for the year ended 30 June 2016 contain no modifications to the audited results as released on SENS on 21 September 2016.



Salient dates

Record date to determine which shareholders are entitled to receive the notice of AGM - Friday, 21 October 2016

Last day to trade in order to be eligible to attend and vote at the AGM - Friday, 18 November 2016

Record date to determine which shareholders are entitled to attend and vote at the AGM - Wednesday, 23 November 2016

Forms of proxy for the AGM to be lodged by 11:00 on Wednesday, 23 November 2016
13-Oct-2016
(Official Notice)
Shareholders are referred to the Group?s results that were released on 21 September 2016, wherein an exchange rate of South African Rand (?ZAR?) to the British Pound (?GBP?), ZAR/GBP: 18.7500 was used for illustrative purposes to convert the proposed ZAR dividend of ZAR0.15438 per share into GBP.



Shareholders are advised that, should the proposed dividend be approved at the Annual General Meeting of the company scheduled for Friday, 25 November 2016, the exchange rate for conversion of the ZAR dividend into GBP will be a fixed exchange rate of ZAR/GBP: 17.5787.



Assuming the final dividend is approved by shareholders, the following salient dates would apply:

Currency conversion date - 11 October, Wednesday 2016

Last date to trade on the exchanges - 06 December, Tuesday 2016

Ex-Dividend date on the JSE - 07 December, Wednesday 2016

Ex-Dividend date on the LSE - 08 December, Thursday 2016

Record date - 09 December, Friday 2016

Payment date - 22 December, Thursday 2016



The proposed final dividend was calculated on 1 943 206 554 shares in issue and an exchange rate of ZAR/GBP: 17.5787, which translates to a final dividend of GBP0.87822 pence per share, which is a 6.7% increment on the illustrative dividend per share of GBP0.82338 pence per share referred to in the Group?s results announcement.



The South African dividends tax rate is fifteen percent per ordinary share and therefore shareholders who are liable to pay the dividends tax will receive a net dividend of ZAR0.13122 cents per share (GBP0.74649 pence per share). Foreign investors may qualify for a lower dividend tax rate, subject to completing a dividend tax declaration and submitting it to Computershare Ltd. or Capita Plc who manage the SA and UK register, respectively. The company's South African income tax reference number is 9154588173.
21-Sep-2016
(Official Notice)
Pan African announced that the 2016 Abridged Mineral Resource and Mineral Reserve Report ("MR-MR") has been released and is available on the Company's website at www.panafricanresources.com. A summary of the report, including the Group Mineral Resource and Mineral Reserve statement as at 30 June 2016, has been provided below.



Overview

- 3.0 million ounces (?Moz?) or 9.4% gross annual increase in Group gold resources to 34.9Moz (2015: 31.9Moz).

- 0.4Moz or 3.8% gross annual decrease in Group gold reserves to 10.0Moz (2015: 10.4Moz).

- No material change in Group platinum group elements (?PGE?) resource, 0.6Moz (2015: 0.6Moz).

- 0.3 Moz or 60% gross annual decrease in Group PGE reserves to 0.2Moz (2015: 0.5Moz). Following International Ferro Metals Ltd. (?IFM?) being placed in business rescue, the PGE mineral reserves at Phoenix Platinum declined year-on-year by 0.3Moz.

- 23.3 million tonnes (?Mt?) of mineable tonnage in situ coal from Uitkomst Colliery.

- Down dip extension of the high grade 11 Block of the main reef complex (?MRC?) orebody by a further 70 metres. This extension to the MRC orebody resulted in additional mineral reserves at Fairview Mine, thereby extending the life-of-mine (?LOM?) of Barberton Mines to 22 years.

- Positive grade/tonnage profile for the 25-26 levels at Evander No. 8 Shaft, thereby maintaining the LOM of Evander Mines to 16 years.

- Surface exploration drilling commenced at Evander Mines targeting the 2010 payshoot.

- Positive pre-feasibility study (?PFS?) of the Elikhulu tailings retreatment project (?Elikhulu Project?), the Company mandated DRA Projects (Pty) Ltd. (?DRA Projects?) to conduct a definitive feasibility study (?DFS?) on the project. This study will be completed by November 2016.
21-Sep-2016
(C)
02-Aug-2016
(Official Notice)
19-Jul-2016
(Official Notice)
22-Jun-2016
(Official Notice)
Pan African, the African-focused precious metals producer, is pleased to announce the appointment of BMO Capital Markets Ltd. as joint broker alongside Numis Securities Ltd. and Peel Hunt LLP with immediate effect. For further information on Pan African, please visit the Company's website at www.panafricanresources.com
01-Jun-2016
(Official Notice)
Pan African shareholders (?Shareholders?) are referred to the announcement published by the Company on 26 May 2016 (?Jadeite Announcement?), wherein Shareholders were advised that the Company had presented an offer (?Offer?) to Jadeite Ltd. (?Jadeite?) to acquire its 33.6% interest in Shanduka Gold (Pty) Ltd. subject to certain terms and conditions (?Jadeite Transaction?), and had concluded a bookbuild in terms of which it had secured undertakings from certain Shareholders and new institutional investors to acquire a maximum of 111 711 791 new Pan African ordinary shares (?Placement Shares?) pursuant to a vendor consideration placing (?Vendor Placing?).



Further to the Jadeite Announcement, Shareholders are advised that Jadeite has accepted the Offer and both the SBSA Transaction and Jadeite Transaction (the ?Transactions?) have become unconditional. The Company expects the Transactions to be concluded simultaneously on or about 7 June 2016.



Application has been made to the London Stock Exchange for admission of the Placement Shares to trading on AIM. The Company has received approval from the JSE Limited for the listing and trading of the Placement Shares on its Main Board (?Main Board?). It is expected that admission and listing of the Placement Shares on AIM and the Main Board will become effective on or about 3 June 2016. Completion of the Vendor Placing remains conditional on, inter alia, admission of the Placement Shares to trading on AIM.
26-May-2016
(Official Notice)
04-Apr-2016
(Official Notice)
Pan African shareholders are referred to the initial Transaction announcement published by the company on 8 June 2015, regarding the acquisition of Uitkomst Colliery by the company.



Pan African advised shareholders that the Transaction has become unconditional, and that Pan African assumed effective control of Uitkomst Colliery on 1 April 2016. Pan African settled the Transaction?s revised purchase consideration of R176 million in full in cash on 31 March 2016. The total net purchase consideration (inclusive of working capital acquired) amounts to approximately R150 million, compared to the R200 million previously announced.



The Uitkomst Colliery will be implementing a BEE transaction similar in nature to those currently in place at Pan African?s Barberton and Evander mining operations. The BEE transaction will result in an additional 9% historically disadvantaged on-mine ownership in the Uitkomst Colliery. This 9% ownership will be held by broad-based trusts and by a strategic entrepreneur?s trust. The BEE transaction will be financed by the Uitkomst Colliery on a notional basis, with this notional funding accruing interest linked to the prime interest rate. The Transaction results in limited dilution to Pan African and 80% of dividends issued to the BEE shareholders will be retained to repay the notional funding over a period of 10 years.



A production update for Uitkomst Colliery for the period 1 July 2015 ? 29 February 2016 is as follows:

*Run-of-mine coal mined : 412 kt

*Saleable coal produced : 278 kt

*Wash yield : 67.5%



The life of mine of the operation is estimated at 28 years. BDO Corporate Finance Proprietary Ltd. (?Expert?), who were appointed as the independent expert by Pan African, have concluded that the terms of the Transaction are fair in so far as Pan African shareholders are concerned. A copy of the Expert?s opinion is available for inspection at the Corporate Offices of the company for a period of 28 days from the date of this announcement.



For further information on Pan African, please visit the company?s website at www.panafricanresources.com
23-Feb-2016
(Official Notice)
Pan African shareholders (?Shareholders?) were previously advised through a SENS announcement, dated 9 June 2015, that following the merger between Shanduka Group Proprietary Limited and the Pembani Group Proprietary Limited (?Merger?), the direct shareholding in Shanduka Gold Proprietary Limited (?Shanduka Gold?) is held by the following entities:

*The Mabindu Business Development Trust (?Mabindu?) (49.5%);

*Jadeite Limited (33.6%), an investment vehicle of the China Investment Corporation; and

*The Standard Bank of South Africa Limited (16.9%) (?Sale Shares?).



Pan African has today entered into a sale of shares agreement (?Agreement?) in terms of which it has agreed to acquire the Sale Shares (?Acquisition?). The value of the Sale Shares may be determined with reference to the Sale Share?s pro rata interest, net of liabilities, in the Pan African shares held by Shanduka Gold. This value is further augmented pursuant to a notional vendor financing arrangement attached to the Shanduka Gold shares held by Mabindu.



The acquisition purchase consideration will be settled in cash but remains, pursuant to the agreement, confidential and will be disclosed and reported after the closing date. The acquisition purchase consideration was agreed at a discount to the prevailing Pan African share price and considers valuation adjustments ordinary to a transaction of this nature.



Funding for the acquisition and related expenses shall be sourced from existing cash resources and facilities. The acquisition will not affect the company?s operations or its ability to continue paying dividends.



Other salient terms and suspensive conditions

The agreement remains subject to termination at the company?s election until the fulfilment or waiver, as the case may be, of the suspensive conditions to the agreement on or before 15 April 2016.



Although Pan African is actively pursuing the successful implementation of the acquisition, the company emphasises that fulfilment of the Acquisition?s suspensive conditions is highly dependent upon the successful negotiation and agreement of various matters with the Shanduka Gold shareholders.



Categorisation of the acquisition

Pursuant to the JSE Limited Listings Requirements, the acquisition purchase consideration represents less than 5% of the company?s current market capitalisation and the acquisition is therefore not classified as a categorised transaction.



23-Feb-2016
(C)
Gold sales for the interim period increased to GBP73.8 million (2014:GBP65.5 million). Mining profit jumped to GBP19.5 million (2014:GBP8.6 million) and profit attributable to owners of the parent climbed to GBP10.9 million (2014:GBP5.5 million). Furthermore, headline earnings per share increased to GBP0.6 pence per share (2014:GBP0.31 pence per share).



Outlook

Pan African Resources? pleasing operational and financial performance over the last period was underpinned by improved gold production and the current ZAR gold price environment. The group is well positioned to produce approximately 200,000oz and 9,000oz of gold and PGE respectively, over the full year period. The group remains committed to ensuring that a safe and productive environment is maintained and continuous improvement in safety performances remain critical. The group was able to settle all wage demands at operational level with agreements ranging between 2-3 years providing the group and stakeholders with a level of certainty in this regard over the medium term.



The ETRP is a success with the project commissioned on time and within budget during February 2015 and has provided organic growth of approximately 10,000oz of additional gold production per annum at Evander Mines. The ZAR gold price has recently increased to ZAR600,000/kg, and the group is positioned to capitalise on the improved cash flow margins. These factors should enable the group to maintain an attractive dividend going forward.



The Colliery transaction remains subject to ministerial approval, following which the team will prioritise the integration of the mine into the group. The Colliery is profitable and cash generative and the opportunistic acquisition provides a coal asset with a 28 year life of mine.



Pan African Resources? strategy is to continue growing both organically and through acquisitions, which are value accretive to our shareholders, whilst maximising margins from current operations. With strong cash flows and improved funding capacity of up to ZAR1.1 billion, the group is well positioned to take advantage of such growth opportunities.



08-Feb-2016
(Official Notice)
Shareholders are referred to the original trading statement and group net debt announcement dated 26 November 2015.



Pan African is incorporated in England and Wales under the Companies Act 1985 and accordingly its presentation currency is Pounds Sterling (?GBP?).



The average ZAR/GBP exchange rates affect the reporting of results in GBP. For the six month interim reporting period ended 31 December 2015 (?current interim reporting period?), the average prevailing ZAR/GBP exchange rate is used to translate earnings per share (?EPS?) and headline earnings per share (?HEPS?) from ZAR to GBP. In the current interim reporting period the average ZAR/GBP exchange rate was ZAR20.83:1 (31 December 2014: ZAR17.87:1). The period-on-period change in the average exchange rate of 16.6% must be taken into account for the purposes of translating and comparing period-on-period results.



Pan African advises shareholders that the Group EPS and HEPS for the current interim reporting period denominated in GBP are expected to be between:

*0.57 pence and 0.63 pence (being 84 percent to 104 percent) higher than the 0.31 pence HEPS for the prior interim reporting period.

*0.57 pence and 0.63 pence (being 90 percent to 110 percent) higher than the 0.30 pence EPS for the prior interim reporting period.



EPS and HEPS, calculated in ZAR, are expected to be between:

*11.89 cents and 13.02 cents (being 112 percent to 132 percent) higher than the 5.61 cents HEPS for the prior interim reporting period.

*11.87 cents and 12.95 cents (being 119 percent to 139 percent) higher than the 5.42 cents EPS for the prior interim reporting period.



The financial information contained in this trading statement has neither been reviewed nor audited by the Company?s auditors. Pan African anticipates that it will release its unaudited interim results for the period ended 31 December 2015 on or about 23 February 2016.



For further information on Pan African, please visit the Company?s website at www.panafricanresources.com



20-Jan-2016
(Official Notice)
Pan African has recently received enquiries from UK shareholders regarding the deduction of South African Dividends Tax from the dividend payment made on 24 December 2015. The following information should assist to provide guidance and clarification with respect to a reduced Dividends Tax for qualifying UK shareholders.



The standard rate of Dividends Tax levied in South Africa is 15% of the dividend declared. A reduced rate may apply, in terms of a Double Taxation Agreement (?DTA?) between South Africa and the country in which the shareholder is a tax resident, in which case the rate may be reduced to a lesser amount.



Dividends Tax is levied on dividends paid by all South African companies and foreign companies listed on the exchange operated by the JSE Ltd. Dividends Tax is a withholding tax and is remitted by the dividend paying company or the ?regulated intermediary? in South Africa to the South African Revenue Service.



In terms of the DTA between South Africa and the UK, a reduced Dividend Tax rate of 10% may be applicable to qualifying shareholders who are tax resident in the UK. In order for qualifying UK shareholders to apply for the lower dividend tax rate, shareholders will need to complete a Dividends Tax ? Non-South African Tax Resident Beneficial Owner Declaration of Status Form (?Declaration Form?). The Declaration Form is available on Pan African's website (http://www.panafricanresources.com/wp- content/uploads/Non-SA_Dividend_Declaration_Form.pdf) and will also be distributed by Capita Asset Services. The completed Declaration Forms need to be submitted to Capita Asset Services by mail and the Company by email, where possible.
30-Nov-2015
(Official Notice)
At the Annual General Meeting of the Company held on Friday, 27 November 2015 shareholders approved the payment of a final dividend of 11.46604 cents per share, equivalent to 0.53108 pence per share, converted at the rate of ZAR21.59 : GBP 1.00 on the currency conversion date.



The salient dates of the dividend payment are as follows:2015

*Currency conversion date Friday, 27 November

*Last date to trade on the JSE Friday, 4 December

*Ex-Dividend date on the JSE Monday, 7 December

*Ex-Dividend date on the LSE Thursday, 10 December

*Record date Friday, 11 December

*Payment date Thursday, 24 December



The local dividends tax rate is fifteen percent per ordinary share and therefore shareholders who are liable to pay the dividends tax will receive a net dividend of 9.74613 cents per share (0.45142 pence per share). The Company?s South African income tax reference number is 9154588173 and it has 1,831,494,763 shares currently in issue.

30-Nov-2015
(Official Notice)
At the Annual General Meeting of the Company held on Friday, 27 November 2015 shareholders approved the payment of a final dividend of 11.46604 cents per share, equivalent to 0.53108 pence per share, converted at the rate of ZAR21.59 : GBP 1.00 on the currency conversion date.



The salient dates of the dividend payment are as follows:

*Currency conversion date - Friday, 27 November

*Last date to trade on the JSE - Friday, 4 December

*Ex-Dividend date on the JSE - Monday, 7 December

*Ex-Dividend date on the LSE - Thursday, 10 December

*Record date - Friday, 11 December

*Payment date - Friday, 24 December



No transfers between the Johannesburg and London registers between commencement of trading on Monday, 30 November 2015 and close of business on Friday, 11 December 2015 will be permitted. No shares may be dematerialised or rematerialised between Monday, 7 December 2015 and Friday, 11 December 2015, both days inclusive.



The local dividends tax rate is fifteen percent per ordinary share and therefore shareholders who are liable to pay the dividends tax will receive a net dividend of 9.74613 cents per share (0.45142 pence per share). The Company?s South African income tax reference number is 9154588173 and it has 1 831 494 763 shares currently in issue.
30-Nov-2015
(Official Notice)
Pan African shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Friday, 27 November 2015, all the ordinary and special resolutions, as set out in the notice of AGM dated 30 October 2015, were approved by the requisite majority of shareholders present or represented by proxy.



The total number of Pan African shares eligible to vote at the AGM is 1 831 494 763. The highest number of shares voted in person or by proxy was 1 360 548 519 representing 74.29% of the total issued share capital of the same class of Pan African.
26-Nov-2015
(Official Notice)
30-Oct-2015
(Official Notice)
Notice is hereby given that Pan African?s annual general meeting (?AGM?) of shareholders will be held at the offices of Numis Securities Ltd., The London Stock Exchange Building, 10 Paternoster Square, London, EC4M 7LT on Friday, 27 November 2015 at 14:00 (all times stated are United Kingdom times unless otherwise stated). Please note that as the AGM will be held at The London Stock Exchange all attendees will be required to show ID in order to gain entry. The notice of AGM and integrated annual report are being distributed to shareholders on 30 October 2015.



Shareholders are advised that the notice of AGM and the full integrated annual report, including the annual financial statements for the year ended 30 June 2015, will be available on the Company?s website at www.panafricanresources.com from today and that the salient dividend dates will be notified to shareholders on the same day as the AGM. The annual financial statements for the year ended 30 June 2015 contain no modifications to the audited results as released on SENS on 16 September 2015.
13-Oct-2015
(Official Notice)
Pan African Resources shareholders are hereby informed that the Group has successfully concluded wage negotiations at its gold mining operations and entered into multi-year agreements with the unions representing its employees. Details of these agreements are as follows:



Barberton Mines (Pty) Ltd. (?Barberton Mines?)

Barberton Mines has concluded a two-year agreement with the National Union of Mineworkers ("NUM") and the United Association of South Africa ("UASA") on wages and other conditions of employment for employees at the operation.



The average Barberton Mines salary and wage bill increase for the two financial years ending 30 June 2016 and 2017 will amount to approximately 9% per annum, effective from 1 July 2015.



Evander Gold Mining (Pty) Ltd. (?Evander Mines?)

Evander Mines, under the auspices of the Chamber of Mines, has concluded a three-year agreement with the NUM and the UASA on wages and other conditions of employment for employees at the operation.



The average Evander Mines salary and wage bill increase for the three financial years ending 30 June 2016, 2017 and 2018 will amount to approximately 7.8% per annum, effective from 1 July 2015.
16-Sep-2015
(C)
Gold sales for the year lowered to GBP135.6 million (2014: GBP150.3 million), profit attributable to owners of the parent dropped to GBP11.7 million (2014: GBP26.8 million), while headline earnings per share weakened to GBP0.65 pence per share (2014: GBP1.47 pence per share).



Proposed final dividend for approval at the AGM

In light of market uncertainties, the board has proposed a reduced dividend of ZAR210 million or GBP9.9 million (2014: ZAR258 million or GBP14.9 million), equating to ZAR0.11466 per share or 0.53958 pence per share (2014: ZAR0.1410 per share or 0.82p per share). This proposed final dividend is subject to approval at the AGM which will take place on 27 November 2015. The reduced dividend is not a departure from the group?s progressive dividend policy and the board will consider an interim dividend in the 2016 financial year.



Outlook

Pan-Af remains focused on creating stakeholder value through unlocking the potential of its organic surface and brownfields development projects. Some of the initiatives to positively enhance the life of mine of our assets include:

* Continued exploration at the Fairview Mine in Barberton, which has yielded positive results, confirming the down dip extension of the high grade 11 Block of the MRC ore body by a further 170 metres. This extension has resulted in an increase in the gold mineral reserves by 236,162 ounces, thereby extending the life of mine to 20 years.

* A project team has been assembled at Evander Mines to conduct a preliminary economic assessment for the Elikhulu project, the results of which will provide guidance on the merits of the project. Elikhulu is a tailings retreatment plant which can potentially treat slimes at a processing capacity of up to 12 million tonnes per annum and at a head grade of 0.28g/t from the Winkelhaak, Leslie and Kinross tailings storage facilities. The total mineral resource for Elikhulu is 165Mt at 0.28g/t (1.5Moz).

* An internal technical team from Evander Mines has been assigned to assess the merits of developing the Evander South Project to the level of a preliminary economic assessment. The Evander South Project is an attractive mining opportunity whereby the Kimberley reef can potentially be exploited at shallow depths of approximately 300 metres below surface.

* Completion of the acquisition and integration of the Uitkomst Colliery into the group.
15-Sep-2015
(Official Notice)
27-Aug-2015
(Official Notice)
Pan-Af shareholders are referred to the regulatory announcement published on 26 August 2015 by International Ferro Metals Ltd. (?IFL?), whereby IFL announced that as a result of deteriorating business conditions, its South African subsidiary, International Ferro Metals (SA) (Pty) Ltd. (?IFMSA?), has entered into Business Rescue. Business Rescue is a statutory means of enabling a financially distressed company to continue business, under the supervision of a Business Rescue Practitioner, protected from its creditors.



Pan-Af?s wholly-owned subsidiary, Phoenix Platinum Mining (Pty) Ltd. (?Phoenix?), is situated on the IFMSA property, and a portion of the feedstock for the Phoenix operation (currently approximately 20%) is obtained from tailings arising from IFMSA?s current processing activities. Phoenix is not solely reliant on material from IFMSA, and has alternative sources of feedstock. Phoenix also sources electricity, water and certain other services from IFMSA.



At this stage, Phoenix is not in a position to fully assess the impact of the Business Rescue proceedings referred to above on Phoenix?s operations. Phoenix and Pan-Af will work closely with the IFMSA Business Rescue Practitioner to ensure that the operations and interests of Phoenix are safeguarded, which includes the services currently provided by IFMSA. All stakeholders will be kept informed as these discussions progress. For the half year ended December 2014, Phoenix contributed approximately 7% to Pan-Af?s profit after tax.



For further information on Pan-Af, please visit the Company?s website at www.panafricanresources.com
03-Jul-2015
(Media Comment)
Business Day reported that Pan African Resources aimed to set itself apart from its gold mining peers through making cash-generative investments in other commodities as it plotted further growth in its core business. Pan African plans to produce 210 000oz at its two gold mines and two tailings treatment operations in the year to end June 2016, and to generate 10 000oz more platinum group metals from its Phoenix plant. It will also buy a coal mine near New Castle in KwaZulu Natal for R200 million.
22-Jun-2015
(Official Notice)
Pan-Af announced that Numis Securities Ltd. has been appointed as Nomad and Joint Broker to the Company with immediate effect. For further information on Pan African, please visit the Company's website at www.panafricanresources.com
09-Jun-2015
(Official Notice)
Pan-Af shareholders are referred to media reports during the last week, where it was announced that transaction agreements between the Shanduka Group (Pty) Ltd. (?Shanduka Group?) and the Pembani Group (Pty) Ltd. (collectively ?Mergeco?) had been entered into, and the requisite regulatory filings submitted, in order to merge the two entities (the ?Transaction?). The merger remains subject to regulatory and other approvals.



Currently Shanduka Group holds 23.86% of the issued share capital of Pan African, via its wholly-owned subsidiary Shanduka Gold (Pty) Ltd. (?Shanduka Gold?). Pan African has been informed that following the completion of the Transaction, Mergeco will not hold any interest in Shanduka Gold or in Pan African. The direct shareholding in Shanduka Gold, and indirect 23.86% shareholding in Pan African, will instead be held by the following entities and in the following proportions:

* The Mabindu Trust (49.5%);

* Jadeite Ltd. (33.6%), an investment vehicle of the China Investment Corporation; and

* The Standard Bank of South Africa Ltd. (16.9%).



The Mabindu Trust is a broad-based black economic empowerment trust, with historically disadvantaged South Africans as beneficiaries. Pan African believes that the Transaction does not negatively affect the Group?s existing black economic empowerment credentials. For further information on Pan African, please visit the website at www.panafricanresources.com.
08-Jun-2015
(Official Notice)
20-Apr-2015
(Official Notice)
Thabo Mosololi, a non-executive director of Pan African, has informed the company that Evraz Highveld Steel and Vanadium Ltd., a company of which Mr Mosololi is also a director, has commenced voluntary business rescue proceedings in terms of section 129 of the South African Companies Act 2008. This notification is made in accordance with Rule 17 of the AIM Rules for Companies.



For further information on Pan African, please visit the company?s website at www.panafricanresources.com
07-Apr-2015
(Official Notice)
In compliance with the UK FCA's Disclosure and Transparency Rules (5.6.1R) Pan African notifies the market that the Company's issued ordinary share capital consists of 1,831,494,763 ordinary shares of 1p each with one voting right per share. There are no shares held in Treasury.



This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules. For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com
26-Feb-2015
(C)
Gold sales for the six months ended 31 December 2014 decreased to GBP65.5 million (GBP82.9 million). Mining profit plummeted to GBP8.6 million (GBP25.2 million), while profit attributable to owners of the parent fell to GBP5.5 million (GBP17.3 million). Furthermore, headline earnings per share was lower at GBP0.31pps (GBP0.95pps).



Outlook

The production and grade challenges experienced during the period under review at Evander and Barberton Mines had a considerable adverse effect on the operating and financial results of Pan-Af. Management focus on remedial action to mitigate these production and grade impediments have however started yielding results, with improved grades and production volumes being experienced at all operations subsequent to the period under review.



Furthermore, Pan-Af successfully commissioned the ETRP at Evander Mines, within schedule and on budget during the period under review. Production from the ETRP tailings operation is expected to increase Evander Mines gold output by 10,000 ounces per annum.



Increased production from the gold and PGE operations is also expected to support higher profitability over the coming six months. In addition, the 25 level at Evander Mines' 8 Shaft has been successfully established and equipped and the higher grade mining cycle will reflect positively in the next six months' performance.



The Phoenix Platinum plant has matured into a cash generative operation and the outlook is positive based on its current operating environment, which remains dependant on the continued supply of sulphide rich material.



Pan-Af's strategy is to continue growing organically and through acquisitions, which are value accretive to our shareholders, whilst maximising margins from current operations. With strong cash flows and funding capacity, the Group is well positioned to take advantage of such opportunities in the current depressed commodity cycle.
23-Feb-2015
(Official Notice)
Pan-Af wishes to advise shareholders that Ms Phuti Mahanyele has notified the Company of her intention to resign as the Company?s deputy chairman and as a non-executive director with effect from 30 June 2015. Ms Mahanyele currently holds these positions as a representative of the Shanduka Group (Pty) Ltd. (?Shanduka?).



Ms Mahanyele?s intention to resign her Pan African positions is a direct consequence of her resignation from Shanduka, which was announced today and will also be effective from 30 June 2015.



For further information on Pan African, please visit the Company?s website at www.panafricanresources.com
20-Feb-2015
(Official Notice)
Pan African advise shareholders it will appoint Deon Louw (52) as FD of the Company, to replace Cobus Loots who, as previously announced, will become CEO. Both appointments will take effect from 1 March 2015.
12-Feb-2015
(Official Notice)
Shareholders are advised that Pan-Af will host a site visit to Evander Gold Mines on 12 February 2015, where visitors will have the opportunity to go on an underground tour of the operations at No 8 shaft and a surface tour of the ?Evander Tailings Retreatment Plant? (ETRP). An overview of the mine and the ETRP will be presented after the surface tour. No material new information will be given during the site visit. A copy of the presentation will be accessible on the company?s website www.panafricanresources.com.



Pan-Af also announced that the first gold at the ETRP was produced in January 2015 after the commencement of re-treating slimes from the Kinross tailings dam. The ETRP is expected to reach a steady state of production of between 180 000 to 200 000 tonnes per month by June 2015.



For further information regarding the tour kindly contact Elizma Coetzee at eking@paf.co.za or 011 243 2900.
05-Feb-2015
(Official Notice)
Pan-Af advised shareholders that Ron Holding (62) will retire as Chief Executive Officer (?CEO?) of the Group with effect from 1 March 2015. He will be succeeded as CEO by Cobus Loots (37), who is currently the Finance Director (?FD?) of Pan African. To ensure that Mr. Holding?s experience and knowledge is retained by the Group, an exclusive consulting agreement will be concluded with Mr. Holding, effective 1 March 2015. This arrangement will be for a minimum period of one year. The board of Pan African will announce a Group FD appointment, to replace Mr Loots, in due course.
12-Jan-2015
(Official Notice)
21-Nov-2014
(Official Notice)
At the Annual General Meeting of the company held today, 21 November 2014, shareholders approved the payment of a final dividend of ZAR14.10000 cents per share, equivalent to GBP0.81268 pence per share, converted at the rate of ZAR17.35000 : GBP 1.00 on the currency conversion date.



The salient dates of the dividend payment are as follows:

*Currency conversion date -- Thursday, 20 November 2014

*Last date to trade on the JSE -- Friday, 28 November 2014

*Ex-Dividend date on the JSE -- Monday, 1 December 2014

*Ex-Dividend date on the LSE -- Thursday, 4 December 2014

*Record date -- Friday, 5 December 2014

*Payment date -- Friday, 19 December 2014



The company has Secondary Tax on Companies credits of ZAR371 639 126 (which equates to ZAR20.30821 cents per share) available for set-off against the South African dividend withholding tax liability of which ZAR14.10000 cents per share will be utilised for this dividend. Accordingly, no dividend withholding tax will be deducted from the gross dividend declared. The company's South African income tax reference number is 9154588173 and it has 1 829 994 763 shares currently in issue.
21-Nov-2014
(Official Notice)
Pan-Af shareholders are advised that at the annual general meeting ("AGM") of shareholders held on Friday, 21 November 2014, all the ordinary and special resolutions, as set out in the notice of AGM dated 29 October 2014, were approved by the requisite majority of shareholders present or represented by proxy.



The total number of Pan-Af shares eligible to vote at the AGM is 1 829 994 763. The number of shares voted in person or by proxy was 1 623 706 516 representing 88.73% of the total issued share capital of the same class of Pan-Af.



All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution.
17-Nov-2014
(Official Notice)
Pan-Af shareholders are referred to the announcements published by the Company on 29 August 2012, 14 December 2012 and 26 November 2013, regarding the disposal by Pan-Af of its interests in the Manica gold exploration project ("Manica") and Auroch Minerals NL ("Auroch"). Pan-Af can confirm that the Company has now completed the disposal of its interest in Manica and Auroch, via a deed of mutual settlement with Auroch (the "Transaction").



Auroch has paid Pan-Af a total amount of AUD850 000 in full and final settlement and to satisfy all of its outstanding obligations, including AUD350 000 that was paid to Pan-Af in the last week. Even though the total settlement amount is less than the AUD2 000 000 settlement amount previously agreed, the Transaction allowed for earlier payment and provided completion certainty to Pan African. The conclusion of the Transaction further allows Pan-Af to focus on its core asset portfolio.
29-Oct-2014
(Official Notice)
Notice is hereby given that Pan African?s Annual General Meeting (AGM) of shareholders will be held at the office of Canaccord Genuity Limited at Eighth Floor, 88 Wood Street, London, EC2V 7QR on Friday, 21 November 2014 at 10:00 a.m. (all times stated are United Kingdom times unless otherwise stated). The notice of AGM and integrated annual report are being distributed to shareholders today, 29 October 2014.



South African shareholders are advised that the physical mailing process for the notice of AGM and integrated annual report is likely to be delayed due to ongoing industrial action by employees of the South African Post Office. Shareholders are advised that the notice of AGM and the full integrated annual report, including the annual financial statements for the year ended 30 June 2014, will be available on the Company?s website at www.panafricanresources.com from today and that the salient dividend dates will be notified to shareholders on the same day as the AGM. The annual financial statements for the year ended 30 June 2014 contain no modifications to the audited results as released on SENS on 16 September 2014.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting Friday, 24 October 2014

*Last day to trade in order to be eligible to attend and vote at the annual general meeting Wednesday,12 November 2014

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting Wednesday, 19 November 2014

*Forms of proxy for the annual general meeting to be lodged by 10:00 a.m. on Wednesday, 19 November 2014
16-Sep-2014
(C)
Revenue from gold sales for the year improved to GBP150.3 million (2013: GBP129.3 million). Profit attributable to owners of the parent dropped to GBP26.8 million (2013: GBP42.6 million), while headline earnings per share weakened to GBP1.47 pence per share (2013: GBP2.17 pence per share).



Dividend

Historically, the board has recommended an annual dividend to shareholders, for approval at the AGM. The board recognises that where possible, shareholders require a cash return on their investment. Pan-Af has now revised and further clarified its dividend policy, going forward the company will pay a progressive annual ZAR dividend. Any dividend recommendation and payment, however, will still be dependent on prevailing gold prices and other external factors, as well as the performance of and outlook for the group. The group paid a dividend of ZAR240.3 million (GBP14.7 million) for the 2013 year, equating to ZAR0.1314 per share (0.8030 pence per share).



The board has proposed a dividend of ZAR258.0 million (approximately GBP14.5 million) for the 2014 financial year, equating to ZAR0.1410 per share (approximately 0.7898 pence per share), resulting in a dividend cover of 1.8 times.



Pan-Af Outlook

The board approved construction and commissioning of the ETRP is significant, as it has an estimated resource of 0.4 million ounces and adds immediate production ounces to Evander Mines. Should the ETRP project meet targets, we will evaluate a project to commission a further, much larger plant - the Elikhulu Project - situated at Evander to treat tailings from the Winkelhaak, Leslie, Bracken and Kinross Dam storage facilities, with an estimated resource of 1.5 million ounces. Pan-Af's long-term project pipeline at Evander Mines also includes the Evander South, Poplar and Rolspruit projects. Evander South has estimated resources of 5.2 million, Poplar 5.4 million ounces, and Rolspruit 8.9 million ounces.



The refurbishment of Fairview Number 2 and 3 Decline Shafts at Barberton Mines will continue for another 18 months, after which operations will revert to six shifts per week. Once the above plans are actioned the company will be on track to achieve their targeted 250 000 ounces of annual production from their current portfolio of assets and infrastructure. Pan-Af is also very well positioned to take advantage of further growth opportunities.
08-Sep-2014
(Official Notice)
Further to the announcement released on 2 July 2014, Pan African Resources, the African focused precious metals producer, is pleased to confirm the formal appointment of Rowan M. Smith as a Non-Executive Director, who will join the board of the Company (the "Board") with immediate effect.



Rowan is a qualified geologist with significant mining and business expertise and experience. He has spent over 20 years in the minerals and investment banking industries in Africa.

Most recently Rowan was Managing Director of Shanduka Resources, which he was involved with since its inception in 2002. His experience also includes geological valuation work for Rand Mines, seven years with Soci?t? G?n?rale de Surveillance, and four years as a Director of Investec Bank's Resource Finance Division.



03-Sep-2014
(Official Notice)
Pan-Af announced that the 2014 Abridged Mineral Resource and Mineral Reserve Report ("MR-MR") has now been published and is available on the Company's website at www.panafricanresources.com. A summary of the report including the Group mineral resource and reserve statement as at 30 June 2014 has been provided below.



Overview

* 0.9Moz or 9.8% gross annual increase in Group gold reserves to 10.1Moz (2013: 9.2Moz)

* 1.6Moz or 4.5% decrease in Group gold resources to 33.5Moz (2013: 35.1Moz)

* 0.2Moz or 67% increase in Group PGE reserves to 0.5Moz (2013: 0.3Moz)

* 0.1Moz or 14% decrease in Group PGE resource to 0.6Moz (2013: 0.7Moz)

* Exploration drilling and work to increase access and development of orebodies at the Group's key projects progressed and has added incremental resource ounces

* Ongoing conversion of resources to reserves expected to continue to increase life of mine production profiles.
29-Aug-2014
(Official Notice)
14-Aug-2014
(Official Notice)
PanAf announced the appointment of Peel Hunt LLP as joint broker with effect from 1 September 2014. The Company also wishes to announce the appointment of Bell Pottinger as its London market communications advisers, and Aprio Strategic Communications in Johannesburg as its South African- based communications advisers with immediate effect.

02-Jul-2014
(Official Notice)
Pan-Af shareholders are advised that Rob Still has resigned as a non-executive director of the Company with effect from 1 July 2014, owing to increasing global responsibilities within his private equity business. Following his resignation, Mr. Still will no longer be a member of any board committees of Pan-Af.



Shareholders are also advised that Rowan Smith has accepted the appointment as a non-executive director on Pan African?s board of directors. Rowan will be formally appointed to the board and the effective date of his appointment will be announced once the AIM processes pertaining to his appointment have been completed.
28-Mar-2014
(Official Notice)
19-Feb-2014
(C)
Gold sales for the six months ended 31 December 2013 increased to GBP82.9 million (GBP47.5 million). Mining profit grew to GBP25.2 million (GBP21.7 million), while profit attributable to owners of the parent strengthened to GBP17.3 million (GBP12.4 million). Furthermore, headline earnings per share continued the upward trend by increasing to GBP0.95pps (GBP0.85pps).



Outlook

Pan African have delivered a sound set of interim results, despite external pressures from a weakening gold price and cost increases. We focus on sustainable profitable ounces and not merely to increase ounces produced or to increase resource ounces. The acquisition of Evander Mines has effectively doubled the size of our company. Evander Mine's 31.6Moz of gold resources offers significant expansion potential and optionality for our Group. The meaningful contribution from Evander Mines during the last six months, despite the mining activity moving into a lower grade mining cycle, further demonstrates the quality of this asset.



During the period under review, we successfully commissioned the BTRP at Barberton Mines, within schedule and on budget. The BTRP tailings operation supports Barberton Mine's reputation as a long-life, low-cost gold producer. Production from Barberton Mines will continue to under pin the Company's profitability by sustaining its gold production and well controlled costs. The group are pleased to have reached agreement with Auroch on a possible transaction regarding our interest in their company. Even though we have confidence in the Auroch management team and in the Manica project, the investment is no longer a fit with Pan African's profile, and finalising this transaction would benefit our shareholders.



The final six months of our financial year is likely to be challenging, particularly given the bearish sentiment regarding USD gold prices and inflationary pressures that we can expect from the weakening ZAR. The lower grade cycle at Evander Mines will also now be in full force, and will impact production as well as cash unit costs. We will continue to seek ways of mitigating this situation to continue to deliver returns to shareholders. Pan African is also well positioned to take advantage of acquisition opportunities that the current climate is creating.



19-Feb-2014
(Official Notice)
Pan-Af announced that the following issue of Pan-Af ordinary shares of 1p each has been made following the exercise of share options granted in 2008 under the Company's share option plan:

* 965 000 Shares at a price of R0.83 per Share, for a total consideration of R800 950 (collectively, the "Issue").



Application will be made to the AIM market of the London Stock Exchange ("AIM") and to the Main Board of JSE for 965 000 Shares to be admitted to trading on AIM and for listing on the JSE, with admission to trading and listing on both markets expected to occur on 20 February 2014. Following the Issue the total issued share capital of the Company comprises 1 829 144 763 Shares.
05-Feb-2014
(Official Notice)
Pan-Af announces that the following issue of Pan-Af ordinary shares of 1p each ("Shares") has been made following the exercise of share options granted in 2008 under the company's share option plan:

*282,500 Shares at a price of R0.83 per Share, for a total consideration of R234 475 (collectively, the "Issue").



Application will be made to the AIM market of the London Stock Exchange ("AIM") and to the Main Board of JSE Ltd. ("JSE") for 282 500 Shares to be admitted to trading on AIM and for listing on the JSE, with admission to trading and listing on both markets expected to occur on 10 February 2014.



Following the Issue the total issued share capital of the company comprises 1 828 179 763 Shares.
29-Jan-2014
(Official Notice)
The Company advises shareholders that it expects its earnings per share in South African rand ("ZAR") terms will be over 20 per cent higher for the six months ended 31 December 2013 than those for the six months ended 31 December 2012.



Earnings per share and headline earnings per share, calculated in ZAR, using the average ZAR:GBP exchange rate of 15.94 that prevailed for the six months ended 31 December 2013 (six months ended 31 December 2012: 13.49), is expected to be between 27 per cent and 34 per cent higher than those for the previous corresponding period (six months ended 31 December 2012: 11.50 cents per share). The earnings per share and headline earnings per share for the six months ended 31 December 2013, denominated in GBP, is expected to be between 8 per cent and 15 per cent higher than those for the previous corresponding period (six months ended 31 December 2012: 0.85 pence per share). It is anticipated that the company's unaudited results for the six months ended 31 December 2013 will be released on 19 February 2014.
09-Dec-2013
(Official Notice)
Pan-Af announced the appointment of Thabo Mosololi as an independent non-executive director, who will join the board of the Company with immediate effect.
26-Nov-2013
(Official Notice)
22-Nov-2013
(Official Notice)
The Board of Directors of the Company announces that all resolutions proposed to the shareholders at the Annual General Meeting of the Company held today were passed, with the exception of Resolution 12 which was a Special Resolution to disapply statutory pre-emption rights.
22-Nov-2013
(Official Notice)
At the Annual General Meeting of the Company held today, 22 November 2013, shareholders approved the payment of a final dividend of ZAR 0.13145 per share from income reserves, equivalent to 0.80305 pence per share, converted at the rate of ZAR 16.36883 : GBP 1.00 on the currency conversion date.



The salient dates of the dividend payment are as follows:

*Currency conversion date -- Thursday, 21 November 2013

*Last date to trade on the JSE -- Friday, 29 November 2013

*Ex-Dividend date on the JSE -- Monday, 2 December 2013

*Ex-Dividend date on the LSE -- Wednesday, 4 December 2013

*Record date -- Friday, 6 December 2013

*Payment date -- Friday, 20 December 2013



The Company has Secondary Tax on Companies credits of ZAR611 902 838 (which equates to ZAR 0.33476 cents per share) available for set-off against the South African dividend withholding tax liability. Accordingly, no dividend withholding tax will be deducted from the gross dividend declared. The Company's South African income tax reference number is 9154588173.
18-Oct-2013
(Official Notice)
Pan African shareholders (Shareholders) are advised that certain reports have been published in the media regarding Pan African?s participation in the disposal process by AngloGold Ashanti Limited of its Navachab mine. There can be no certainty that such participation will result in any transaction relating to Navachab. In light of the above, Shareholders are advised that Pan African is not at a stage in any negotiations for any asset or venture which would necessitate exercising caution when trading in the Company's securities. Announcements in this regard will be published if appropriate.
02-Oct-2013
(Official Notice)
Pan-Af shareholders are hereby informed that the Company has successfully entered into a two year agreement with the National Union of Mineworkers ("NUM") and the United Association of South Africa ("UASA") on wages and other conditions of employment for employees at its Barberton Mines (Pty) Ltd. operation ("Barberton Mines"), for the financial years ending 30 June 2014 and 30 June 2015.



The average Barberton salary and wage bill increase for these financial years will amount to approximately 8% per annum, effective from 1 July 2013.
17-Sep-2013
(C)
On-mine revenue rose to GBP133.3 million (GBP100.9 million) and mining profit increased to GBP56.1 million (GBP51.5 million). Profit attributable to owners jumped to GBP42.6 million (GBP29.2 million). Furthermore, headline earnings per share were higher at GBP2.17pps (GBP2.03pps).



Dividend

The board of directors has proposed a dividend of approximately ZAR240 million (GBP15.2 million) for the 2013 year, equating to ZAR0.1314 per share (GBP0.83pps), resulting in a dividend cover of 2.3 times. The dividend will be approved at the annual general meeting.
09-Sep-2013
(Official Notice)
Pan-Af shareholders were advised that the company has appointed Mr Ron Holding, currently Pan-Af's interim joint CEO, as a director and its CEO with immediate effect. Shareholders are further advised that Ms Busi Sitole has resigned as the financial director of Pan-Af with effect from 30 September 2013, in order to focus on personal commitments. Mr Cobus Loots will assume the role of financial director of the company from 1 October 2013.
04-Sep-2013
(Official Notice)
Pan African shareholders are hereby informed that the Company has, under the auspices of the Chamber of Mines, successfully concluded a two year agreement with the National Union of Mineworkers (NUM) and the United Association of South Africa (UASA) on wages and other conditions of employment for employees at its Evander Gold Mines Limited operation (Evander) for the financial years ending 30 June 2014 and 2015.



The average Evander wage bill increase for these two years will amount to approximately 8% per annum for both unions and is effective from 1 July 2013. At Pan African?s Barberton Mines (Pty) Limited operation, which is not part of the Chamber of Mines, negotiations regarding wages and other conditions of employment with NUM and UASA are ongoing.
02-Sep-2013
(Official Notice)
Pan-Af announces that the following issue of Pan-Af ordinary shares of 1p each has been made following the exercise of share options granted in 2007 under the Company's share option plan:

* 3 000 000 Shares at a price of R0.83 per Share, for a total consideration of R2 490 000.00



Application will be made to the AIM market of the London Stock Exchange ("AIM") and to the Main Board of JSE for 3 000 000 Shares to be admitted to trading on AIM and for listing on the JSE, with admission to trading and listing on both markets expected to occur on Monday, 9 September 2013. Following the above issue, the total issued share capital of the Company comprises 1 825 834 263 Shares.
20-Aug-2013
(Official Notice)
08-Aug-2013
(Official Notice)
Shareholders are advised that, with immediate effect, Pan African?s registered office has been changed to Suite 31, 2nd Floor, 107 Cheapside, London EC2V 6DN.



01-Jul-2013
(Official Notice)
Pan African, the African focused precious metals producer, has successfully commissioned the Barberton Tailings Retreatment Project (?BTRP?), at its Barberton Mines (?BGMO?) and on Friday 28th June 2013 undertook its? inaugural gold pour. The BTRP project, which commenced construction in April 2012, was completed on schedule and within budget.



Situated adjacent to the Bramber Tailings Storage Facility (?TSF?) at the Fairview Mine, the retreatment project was designed to retreat 100,000 tonnes of gold tailings per month at an estimated average cash cost of US$800/oz. The plant utilises a Carbon in Leach process followed by electro- winning and smelting to produce a saleable gold product. The project will source about 12,000 tonnes per month of current tailings via a pipeline from the Fairview Concentrator and BIOX? plant and some 88,000 tonnes per month from the TSF.



The BTRP is expected to ramp up to full capacity of 100,000 tonnes per month at an average recovered grade of 0.52g/t by 2nd quarter 2014. It has a current life of mine of six years and will provide Pan African with an additional 20,000oz of gold per annum, increasing BGMO?s gold output by approximately 20% to 115,000oz per year. The total capital expenditure budget of the project was ZAR305 million (US$31million), of which approximately 90% has been invoiced to date. All of the construction capital requirements were funded via internal cash flows from BGMO.



Basil Read-Matomo who successfully constructed Pan African?s Phoenix Platinum Chrome Tailings Retreatment Plant, designed and constructed the BTRP. The project is managed by an experienced team including BGMO General Manager, Mr Casper Strydom and Metallurgy Manager, Mr Jonathan Irons. The BTRP has created an additional 86 direct employment opportunities in the Barberton area.

15-May-2013
(Official Notice)
Pan-Af will host a site visit at the newly acquired Evander Gold Mines on 15 May 2013, where analysts will have the opportunity to go on an underground tour of the operations at No 8 Shaft. An overview of the mine and potential growth projects at Evander Gold Mines will be presented after the underground visit. The presentation will be published on the website www.panafricanresources.com. No unpublished information will be disclosed on the site visit.
07-May-2013
(Official Notice)
14-Mar-2013
(Official Notice)
Pan-Af shareholders are referred to the announcement published by the Company on 15 February 2013 wherein they were advised that the Transaction had become unconditional. Pan-Af further advised its shareholders that, as envisaged in the announcement of 15 February 2013, the Company assumed effective control over Evander on 28 February 2013 and has settled the Transaction purchase consideration ("Purchase Consideration") in full.



Payment of the Purchase Consideration was funded through a combination of cash resources held by Pan-Af and Evander (including the proceeds received through Pan-Af's R703 million rights offer) ("Cash Resources") and bank funding in the form of a R600 million revolving credit facility ("RCF"). Pan-Af utilised R350 million from the RCF for purposes of funding a portion of the Purchase Consideration, with the remaining portion being funded from Cash Resources. Following payment of the Purchase Consideration, R250 million of the RCF remains unutilised and the Pan-Af group had operational cash resources available of R157.4 million as at 13 March 2013.
27-Feb-2013
(Official Notice)
Pan African shareholders are advised that Mr Jan Nelson has resigned as the company's Chief Executive Officer (CEO) and as a member of the board of directors , with effect from 1 March 2013. Mr Nelson's advice remains available to the company. He remains a director of Auroch Minerals, the holding company of the Manica Gold Project.



The board has appointed Mr Ron Holding and Mr Cobus Loots as joint interim CEO's, until a successor is appointed. Mr Holding is currently the Chief Operating Officer of Pan African and has been an employee of Phoenix Platinum Mining (Pty) Ltd and Pan African since 2001. Mr Loots is the former Chief Financial Officer of Pan African and has been a director of the company since 2009.

15-Feb-2013
(Official Notice)
Pan-Af and Harmony advised their shareholders that the last remaining condition precedent to the Transaction has been fulfilled following receipt of the consent required in accordance with section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002. Accordingly, the Transaction is now unconditional. Pan-Af shall assume effective control over Evander on 28 February 2013.
13-Feb-2013
(C)
Gold sales for the six months ended 31 December 2012 lowered to GBP47.5 million (2011: GBP51.2 million). Mining profit dropped to GBP21.7 million (2011: GBP26.4 million), while profit attributable to owners of the parent weakened to GBP12.4 million (2011: GBP14.4 million). Furthermore, headline earnings per share continued the downward trend by falling to GBP0.85pps (2011: GBP1pps).



Dividend

The company has adopted a policy whereby dividends are considered and, if deemed appropriate by the board of directors of the company, declared on an annual basis. Pan-Af will consider a final dividend subsequent to the finalisation of financial year-end results. The consideration of any dividend will take account of cash flow requirements and growth plans, whilst recognising that where possible, the payment of a dividend on a consistent basis increases shareholder value.



During H1 2013 the company has not declared a dividend as result of raising equity capital to fund the Evander Transaction. The dividend for the previous financial year was GBP0.5135pps totalling GBP7.42 million.
14-Jan-2013
(Official Notice)
Pan-Af announced to its shareholders ("Shareholders") the successful completion of the company's R703 million rights offer, to be implemented through the issue of 370 071 902 new Pan-Af ordinary shares ("Rights Shares") at a subscription price of R1.90 or 14 pence per Rights Share ("Subscription Price") ("Rights Offer"). The Rights Offer closed on Friday, 11 January 2013. Pan African received subscription applications for a total of 645 898 862 Rights Shares, equating to 175% of the available Rights Shares. Accordingly, Pan-Af has successfully raised the full R703 million from the Rights Offer. Pan-Af shall apply the Rights Offer proceeds towards the acquisition of Evander Gold Mines Ltd.



Salient dates for the issue and settlement of the rights shares

The expected timetable of principal events relating to the issue and settlement of the Rights Shares in South Africa ("SA") is set out below:

* SA dematerialised Shareholders' ("SA Dematerialised Shareholders") (or their renouncees?) accounts credited with Rights Shares and debited with the aggregate Subscription Price by their CSDP or broker 9.00 am on 14 January 2013

* Certificates in respect of Rights Shares posted to SA certificated Shareholders ("SA Certificated Shareholders") (or their renouncees) on or about 14 January 2013

* Results of Rights Offer published in the SA press on 15 January 2013

* SA Dematerialised Shareholders' (or their renouncees') accounts will be credited with excess Rights Shares (if any) and debited with the aggregate Subscription Price on 9.00 am on 16 January 2013

* Share certificates and/or refund cheques in respect of excess Rights Shares will be posted to SA Certificated Shareholders (or their renouncees) on or about 16 January 2013.
27-Dec-2012
(Media Comment)
Business Day reported that Pan-Af's R1.5 billion acquisition of Evander gold mine will be game changer for the company. The purchase gives Pan-Af more projects than it can bring into production own its own and has led to the company searching overseas for partners. Evander and its 2 500 strong staff doubles Pan-Af's production at a stroke to 200 000 ounce. Pan-Af is debating which projects to prioritise and how best to unlock them.
19-Dec-2012
(Official Notice)
Pan-Af announced that, in accordance with the document to shareholders, which comprises a prospectus dated 30 November 2012 ("document"), admission of 370 071 902 new shares to the AIM market of the London Stock Exchange and dealings in the Nil Paid Rights and fully paid rights is expected to take place at 8.00 am (London time) on 19 December 2012 under the tickers PAFN and PAFF respectively. Definitions used in the document dated 30 November 2012 shall have the same meanings when used in this announcement, unless the context requires otherwise.
14-Dec-2012
(Official Notice)
Holders of Pan-Af securities were referred to the cautionary announcement published by the company on 7 November 2012 and were advised that caution is no longer required to be exercised when dealing in the company's securities.
14-Dec-2012
(Official Notice)
10-Dec-2012
(Official Notice)
Pan-Af shareholders were referred to the prospectus (as required by the UK Prospectus Rules) and pre-listing statement (as envisaged in the JSE Ltd. Listings Requirements) of the company prepared in respect of the company's Rights Offer, which was published on 3 December 2012 (the "document"). Shareholders are advised that the third sentence of section 2 of Part 1, entitled "Rationale for the Evander Acquisition", included on page 37 of the Document, should read as follows:



"Upon completion of the transaction, the group will increase its reserves from 1.16 Moz (11.34 Mt @ 3.18 g/t) to 8.82 Moz (39.55 Mt @ 6.94 g/t) and its resources from 2.95 Moz (17.15 Mt @ 5.35 g/t) to 31.66 Moz (126.7 Mt @ 7.77 g/t), excluding, in both instances, all surface sources at Evander."



Similarly, shareholders are advised that the data contained in the table included under section 7 of Part 2, entitled "Summary of the enlarged group's gold resources and reserves statements", included on page 46 of the document excludes all surface sources at Evander.
03-Dec-2012
(Official Notice)
03-Dec-2012
(Official Notice)
The board of Pan-Af announces the publication of its prospectus (the "prospectus") in connection with its proposed rights offer, details of which were announced 23 November 2012. The prospectus has been approved by the UK Listing Authority. A copy of the prospectus will be available shortly, subject to regulatory restrictions, from www.panafricanresources.com and a copy has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do
23-Nov-2012
(Official Notice)
07-Nov-2012
(Official Notice)
Shareholders are advised that certain information pertaining to the disposal of the Manica Gold Project by Pan African remains unpublished and may have a material effect on the price of Pan African securities. Accordingly, Shareholders are advised to continue to exercise caution when dealing in Pan African`s securities until a further announcement in this regard is published.



07-Nov-2012
(Official Notice)
06-Nov-2012
(Official Notice)
Pan African Shareholders are advised that the annual report for the year ended 30 June 2012 ("Annual Report") and a Circular to Shareholders ('Circular") relating to the proposed acquisition ("Acquisition") of Evander Gold Mines Ltd., the approval of the necessary authorities to implement the rights offer that it is proposed will finance (in part) the Acquisition and the convening of a General Meeting of the Company will both be posted to Shareholders on Wednesday, 7 November 2012.



Notice is hereby given that the Annual General Meeting ("AGM") of the Company will be held at the offices of Canaccord Genuity Limited, 8th Floor, 88 Wood Street, London EC2V 7QR on Friday, 30 November 2012 at 10.00 GMT/12.00 CAT to conduct the business set out in the Notice of AGM that is set out at the end of the Annual Report.



Notice is also hereby given that a General Meeting of the Company will be held at the offices of Canaccord Genuity Ltd., 8th Floor, 88 Wood Street, London EC2V 7QR on Friday, 30 November 2012 at 10.05 GMT/12.05 CAT (or as soon thereafter as the AGM of the Company convened for the same date and place shall have been concluded or adjourned) to conduct the business set out in the Notice of General Meeting that is set out at the end of the Circular.



The Annual Report will be available on the Financial Reports section of Company's website at www.panafricanresources.com/annual_reports.htm and the Circular will be available on the Investor Relations, Company Documents section at www.panafricanresources.com/company_docs.htm from Wednesday, 7 November 2012.
27-Sep-2012
(C)
29-Aug-2012
(Official Notice)
The pro forma financial effects of and categorisation, in terms of the JSE, of the transaction are still to be finalised. Accordingly, Pan-Af shareholders are advised to continue exercising caution when dealing in Pan-Af shares until such time as a further announcement has been released containing the pro forma financial effects of and further details of the transaction.
29-Aug-2012
(Official Notice)
28-Aug-2012
(Official Notice)
Pan African advised shareholders that its earnings per share (''EPS'') and headline earnings per share (''HEPS'') for the financial year ended 30 June 2012, denominated in Pound Sterling ("GBP"), are expected to be between 64 per cent and 74 per cent higher than the 1.20 pence per share generated for the financial year ended 30 June 2011. EPS and HEPS calculated in South African Rand ("ZAR"), using the average ZAR: GBP exchange rate of 12.27 that prevailed during the year ended 30 June 2012, are expected to be between 82 per cent and 92 per cent higher than the comparable period?s 13.31 cents per share at an average ZAR: GBP exchange rate of 11.11.



The results for the year ended 30 June 2012 are expected to be published during the week commencing 24 September 2012.
17-Aug-2012
(Official Notice)
Shareholders were advised that the final terms and conditions of the Rights Offer and the pro forma financial effects of the transaction and the Rights Offer are still being determined, the publication of which may have a material effect on the price of Pan African securities. Accordingly, Shareholders are advised to continue to exercise caution when dealing in Pan African securities until a further announcement is made.
17-Aug-2012
(Official Notice)
11-Jul-2012
(Official Notice)
Shareholders of Pan-Af were referred to the announcement published by the company on 30 May 2012 regarding the proposed acquisition of the entire issued share capital of and claims against Evander Gold Mines Ltd. from Harmony Gold Mining Company Ltd. (transaction) which included a further Pan-Af cautionary announcement.



Shareholders are advised that the pro forma financial effects of the transaction are still being determined, the publication of which may have a material effect on the price of Pan-Af securities. Accordingly, Shareholders are advised to continue to exercise caution when dealing in Pan-Af's securities until a further announcement is made.
30-May-2012
(Official Notice)
Shareholders were advised that the pro forma financial effects of the transaction to acquire the Evander gold mine are still being determined, and they may have a material effect on the price of Pan-Af securities. Accordingly, Shareholders are advised to continue to exercise caution when dealing in Pan-Af's securities until a further announcement is made.
30-May-2012
(Official Notice)
26-Apr-2012
(Official Notice)
Pan-Af shareholders were referred to the cautionary announcements released by Pan-Af on Thursday, 17 November 2011, Thursday, 29 December 2011, Monday, 30 January 2012 and Monday, 12 March 2012 and using the terms defined in the previous announcements, are advised that the pro forma financial effects of the Transaction are still being determined, which may have a material effect on the price of Pan-Af securities. Accordingly, Shareholders are advised to continue to exercise caution when dealing in Pan-Af's securities until a further announcement is made.
12-Apr-2012
(Official Notice)
Pan-Af announced the appointment of Hester Hickey as a non executive director, who will join the board of the company with immediate effect. Hester Hickey, who will also sit on the audit committee.
05-Apr-2012
(Official Notice)
The board of Pan-Af announced the appointment of Canaccord Genuity Ltd as nominated adviser and joint broker and finnCap Ltd. as joint broker to the company with immediate effect.
04-Apr-2012
(Official Notice)
Pan-African has today commenced bulk earthworks for the construction of its Barberton Tailings Retreatment Plant ("BTRP"), to be constructed on the Barberton Property, adjacent to the current Bramber tailings dam. The commencement of bulk earthworks marks the start of the civil work that will entail bulk excavations for creating the terracing of the BTRP which will become the foundation for the mechanical construction of the Carbon-in-Leach tanks, scheduled to commence in June 2012.



Management contractor firm, Basil Read-Matoma, which designed the plant and will procure and construct it, has established itself on site with a temporary office. The team will be on site for the next two years, until the commissioning of the plant, which is scheduled for April 2013, ramping up to full production in August 2013.
13-Mar-2012
(Official Notice)
Pan African announced the appointment of One Capital as the company's JSE sponsor with effect from 12 March 2012.
12-Mar-2012
(Official Notice)
Pan-Af shareholders were referred to the cautionary announcements released by Pan African on Thursday, 17 November 2011, Thursday, 29 December 2011 and Monday, 30 January 2012, and using the terms defined in the previous announcements, are advised that the pro forma financial effects of the transaction are still being determined, which may have a material effect on the price of Pan-Af shares. Accordingly, shareholders are advised to continue to exercise caution when dealing in Pan-Af's securities until a further announcement is made.
22-Feb-2012
(Official Notice)
Pan-Af hosted a results presentation on 22 February 2012 at the offices of Macquarie First South Capital (Pty) Ltd. at The Place, 1 Sandton Drive, Sandown, South Africa at 11:00 Central African Time with a simultaneous live audio cast facility. A presentation regarding the interim financial results for the six months ended 31 December 2011 will be delivered to analysts, fund managers, members of the press and investors. The presentation is also be available for download from Pan-Af's website hosted at www.panafricanresources.com.
22-Feb-2012
(C)
Gold sales for the interim period soared to GBP51.2 million (2010: GBP38.3 million). Net income before finance income and finance costs more than doubled to GBP22.6 million (2010: GBP11 million), but profit attributable to owners of the parent increased to GBP14.4 million (2010: GBP7.6 million). Furthermore, headline earnings per share jumped to GBP1 pence per share (2010: GBP0.53 pence per share).



Dividend

No dividend was declared.
01-Feb-2012
(Official Notice)
31-Jan-2012
(Official Notice)
Pan-Af and Wits Gold Ltd ("Wits Gold") hosted a joint briefing on Monday, 30 January 2012 at the Auditorium, Eversheds, 22 Fredman Drive Sandton at 16h05 Central African Time ("CAT")/ 14h05 Greenwich Mean Time ("GMT")/ 09h05 Eastern Standard Time ("EST"). At the briefing a presentation was delivered to analysts, fund managers, members of the press and investors. The presentation dealt with the joint acquisition by Pan-Af and Wits Gold of 100% of Evander Gold Mines Ltd, a wholly-owned subsidiary of Harmony Gold Mining Company Ltd, as announced to shareholders on the same day. The presentation is available for download from Pan-Af's website hosted at www.panafricanresources.com.
29-Nov-2011
(Official Notice)
First Platinum Production at Phoenix and sale of PGM concentrate agreement signed with Lonmin's Western Platinum Ltd Pan African, the African focused precious metals producer, is pleased to announce it has successfully commissioned the Phoenix platinum project (`Phoenix`) Chrome Tailings Retreatment Plant (`CTRP`) and signed a sale of Platinum Group Metal ('PGM') concentrate agreement with Lonmin plc's operating subsidiary in South Africa, Western Platinum Ltd ('WPL').



Summary

*Phoenix has concluded a sale of PGM concentrate agreement with WPL for a five year period

*The CTRP produced its first PGM concentrate two months ahead of schedule

*Planned production for Q3/Q4 (FYE 30 June 2012), taking into consideration a build-up phase, is estimated to be 4,500 ounces of PGM's

*Planned production on an annualised basis is estimated to be 12,200 ounces of PGM's (240,000 tonnes per annum at an average feed grade of 3.15 g/t)

*The CTRP has a project life of 17 years.
17-Nov-2011
(Official Notice)
Shareholders were advised that Pan-Af has entered into negotiations, which if successfully concluded may have a material effect on the price of the securities of the companies. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities, until a full announcement has been made.
01-Nov-2011
(Official Notice)
The board of directors of the company announced that all resolutions proposed to the shareholders at the annual general meeting of the company held on 1 November 2011 were passed, with the exception of Resolution 8 which was a Special Resolution to disapply statutory pre-emption rights. Shareholders approved the payment of a final dividend of 0.5135p per share or 6.6295 per ZAR cents per share when translated at the conversion currency, shareholders are at advised that the currency conversion rate applied is GBP1.00 : ZAR12.9105.

The salient dates of the dividend payment are as follows:

* Currency conversion date : Tuesday, 1 November

* Last date to trade on the JSE : Friday, 4 November

* Ex-Dividend date on the JSE : Monday, 7 November

* Record date : Friday, 11 November

* Payment date : Friday, 25 November.
28-Oct-2011
(Official Notice)
Pan-Af announced that the following issue of Pan-Af ordinary shares of GBP1p each ("shares") has been made, following the exercise of share options granted under the company's share option plan:

* 200 000 shares were issued at a price of ZAR0.83 per share, for a total consideration of ZAR166 000.



Application will be made 28 October 2011, to the Main Board of JSE Ltd ("JSE") for 200 000 shares to be admitted to trading on AIM and for listing on the JSE. Admission to trading and listing is expected to occur on Friday, 4 November 2011. Following the above issuance, the total issued share capital of the company comprises 1 444 240 711 shares.
17-Oct-2011
(Official Notice)
Pan-Af, announced that the Phoenix Platinum Mining (Pty) Ltd ("Phoenix") commissioning team together with the Metanza team (the operators of the Chrome Tailings Retreatment Plant ("CTRP")), have commenced cold commissioning of the CTRP. The cold commissioning of the CTRP follows the issuing of a C1 Level: Certificate of Mechanical Completion (the "certificate") by Basil Read Holdings Ltd subsidiary, Matomo Projects (Pty) Ltd, in accordance with the technical documentation as per the lump sum turn key contract, and to the satisfaction of Phoenix's third party inspectors. The certificate was issued upon completion of plant construction and indicates that the plant is ready for the safe commencement of cold commissioning.
28-Sep-2011
(Official Notice)
Further to the announcement released earlier on Wednesday,28 November 2011, the first sentence under dividend recommendation should read "The board has proposed a final dividend for the year ended 30 June 2011 of GBP7 414 968, which calculated on 1 444 040 711 issued shares currently outstanding, equates to GBP0.5135p per share ("dividend")."
28-Sep-2011
(Official Notice)
Shareholders are referred to the announcement released on SENS on Monday, 12 September 2011, and were advised that the company will post its annual report for the year ended 30 June 2011 ("annual report") to shareholders on Wednesday, 05 October 2011. Notice was given that Pan-Af's annual general meeting ("AGM") will be held at the offices of Fasken Martineau LLP, Third Floor, 17 Hanover Square, London, W1S 1HU on Tuesday, 01 November 2011 at 12:00pm Central African Time / 10:00am Greenwich Mean Time to conduct the business set out in the notice of AGM that will be distributed to shareholders together with the annual report.



Dividend recommendation

The board has proposed a final dividend for the year ended 30 June 2011 of GBP7.4 million, which calculated on 1 444 040 711 issued shares currently outstanding, equates to 0.5315p per share ("dividend"). The dividend requires the approval of Pan-Af shareholders at the AGM. Expected dividend timetable:

* Approval of dividend at the AGM: Tuesday, 01 November

* Currency conversion date: Tuesday, 01 November

* Announcement of results of AGM and currency conversion on SENS: Tuesday, 01 November

* Last date to trade on the JSE: Friday, 04 November

* Ex-dividend date on the JSE: Monday,07 November

* Payment date Friday, 25 November.
22-Sep-2011
(Official Notice)
The company's nominated adviser and broker, which trades as RBC Capital Markets, has changed its registered name to RBC Europe Ltd.
12-Sep-2011
(C)
Revenue improved to GBP79.2 million (GBP68.5 million) and mining profit rose to GBP30.8 million (GBP24.7 million). Profit attributable to owners of the parent increased to GBP17.2 million (GBP14.3 million), while headline earnings on a per share basis surged to GBP1.2cps (GBP1.07cps).



Dividend

The board of directors proposed a final dividend for the year ended 30 June 2011 of 0.5135p (2010: 0.3723p) which is to be approved by shareholders at the forthcoming annual general meeting of the company.



Outlook

The group will continue to drive profitable, sustainable, stakeholder growth. The company has laid a solid foundation in terms of its mining and project development skillset and has grown the strength of its cashflows and statement of financial position. This will allow the company to allocate significant resources in building an organic pipe-line of projects at Barberton Mines which:

*Have cost structures of less than USD450/oz

*Have profit margins in excess of 35%

*Should be producing within 12 to 24 months



These projects will significantly grow our group's statement of comprehensive income during a period that should continue to see high commodity prices. The timing of this growth could not be more opportune. The group has started building its precious metals mining house - still small, but highly profitable and focused. The company has developed a sound business model and philosophy that has now been tried and tested. Together with its strategic partners and stakeholders, the company will leverage this to its competitive advantage.
19-Aug-2011
(Official Notice)
On 22 June 2011, Pan-Af announced that it was exploring optimal ways to bring its Manica gold project located in Mozambique ("Manica Project") to account. The company advised that a process to list its Manica Project as a separate entity on an appropriate international exchange ("separate listing"), has now commenced. Pan-Af believes that the separate listing will allow it to focus its capital and human resources on pursuing organic growth opportunities around the company's mining operations in South Africa. At the same time, a separate management team, which has been appointed by the company, will have the financial flexibility and focus to grow the Manica Project. Pan-Af intends to retain an equity stake in the new listed entity. The company made a presentation in respect of the separate listing to the Mozambican Minister of Mines in Maputo on 18 August 2011, which presentation is available for download from the company's website hosted at www.panafricanresources.com. Pan-Af believes that the separate listing will unlock optimal value for its shareholders, and it will advise of progress made in respect of this process in due course.
15-Aug-2011
(Official Notice)
Pan-Af's results for the year ended 30 June 2011 are expected to be released on Monday 12th September 2011 at 8.00 A.M. Central African Time ("CAT").



Analyst presentation in London

Mr Jan Nelson, chief executive officer of Pan-Af, will give a presentation to analysts at 10.00 a.m. (BST)/ 11.00 a.m. CAT ON Monday 12 September 2011, further information on which is available from Phil Dexter at St James's Corporate Services Ltd. The presentation will be available on www.panafricanresources.com from 9.00 a.m. (BST)/11.00 a.m. (CAT).
27-Jul-2011
(Official Notice)
Pan African announced that it has successfully negotiated with the National Union of Mineworkers ("NUM") on wages and other conditions of employment for the 2011/2012 financial year. The one-year agreement has been concluded with employees represented by the NUM and amounts to an average increase of 11% across the board. The NUM employees will furthermore receive an increase to their housing allowance from ZAR1 100 per month to ZAR1 300 per month. These increases are effective from 1 July 2011. Pan African is not a member of the Chamber of Mines and as it has successfully concluded the wage negotiations will not be affected by any strike action by the NUM.
20-Jul-2011
(Official Notice)
Pan African, the African focused precious metals producer, announces the appointment of Ms. Phuti Malabie as a non-executive director effective from 20 July 2011. Ms. Malabie's appointment follows the resignation of Mr. Rowan Smith as a non-executive director of Pan African with effect from 20 July 2011.
01-Jul-2011
(Official Notice)
Concluding Final Commissioning Payment to IFM

Pan African Resources, the African focused precious metals producer, announces that an early settlement payment of ZAR27.29 million (GBP2.5 million) to International Ferro Metals SA (Pty) Ltd (`IFM`) has been made. As announced on 5 November 2010, the agreement to construct the Phoenix Platinum (Pty) Limited Chrome Tailings Retreatment Plant (`CTRP`) on IFM`s Lesedi property detailed that Pan African would pay the total consideration of ZAR80 million to IFM in four tranches, as follows:

*ZAR25 million (GBP2.24 million) payable upon signature of the agreement. Payment was made on 9 November 2010;

*ZAR25 million (GBP2.24 million) payable on commencement of the first bulk earthworks on the site. Payment was made on 22 March 2011;

*ZAR29.5 million (GBP2.7 million) payable on the commissioning of the CTRP. An early settlement payment of ZAR27.29 million (GBP2.5 million) was made on 30 June 2011, in accordance with a negotiated 7.5% early settlement discount of ZAR2.21 million (GBP203,000) on the commissioning payment, which payment was scheduled for January 2012; and

*A final amount of ZAR500,000 (GBP46,000) for the purchase of the CTRP site is payable upon transfer of the property which is expected to conclude in the last quarter of calendar year 2011.

Cold commissioning of the CTRP is ahead of scheduled with first production expected during December 2011.
22-Jun-2011
(Official Notice)
Pan African Resources, the African focused precious metals producer, announces a significant increase in the mineral resource for its Manica gold project in Mozambique, an updated Group Mineral Resource statement as well as a declared reserve statement for the Phoenix Platinum Mining (Pty) Ltd (`Phoenix Platinum`) project. This follows the significant increase in the mineral resource and reserve at Barberton Mines (Pty) Ltd (`Barberton`) as announced on 31 May 2011.



Manica Gold project - Mineral Resource upgrade

Over the past two years, a significant amount of work has been completed to test the economic viability of the Manica project. A total geological re-assessment of the mineralised envelopes has been undertaken, which has resulted in the development of a new geological model. The result is that the mineralised envelopes are being projected with greater geostatistical confidence than before. The Company continues exploring optimum ways to bring this project to account.



Group Mineral Resource upgrade

Of the total gold mineral inventory, Barberton Mines represents 48% or 2.70Moz (12.600Mt @ 6.64g/t) and Manica 52% or 2.966Moz (50.554mt @ 1.82g/t). In terms of volume, Barberton accounts for 16% (12.6Mt) and Manica for 84% (50.554Mt). In terms of Measured - Indicated gold resource, Barberton accounts for 60% or 2.050Moz (10.090Mt @ 6.30g/t in situ) and Manica for 40% or 1,38Moz (24.556Mt @ 1.75g/t in situ). In terms of Measured and Indicated volume, Barberton accounts for 29% (10.090Mt) and Manica for 69% (24.556Mt). Barberton accounts for the total gold reserve stated. No reserve is declared for the Manica project. A Proved and Probable 4E* metal mineral reserve of 174Koz for the Phoenix platinum project is declared. Construction on the Phoenix platinum project is underway and ahead of schedule and first production of 4E metal is expected in Q2 of the 2011/12 financial year.
09-Jun-2011
(Official Notice)
31-May-2011
(Official Notice)
Pan African Resources PLC ('Pan African') announces that Jan Nelson, the Chief Executive Officer of Pan African, will deliver a presentation to analysts, fund managers and members of the press at the RBC Capital Markets 2011 African Gold Conference to be held in London on Wednesday, 1 June 2011. The presentation is available for download from the company's website hosted at http://www.panafricanresources.com.
31-May-2011
(Official Notice)
Pan African Resources PLC ('Pan African'), the African focused precious metals producer, announces a significant increase in the resource and reserve for Barberton Mines (Pty) Ltd ('Barberton Mines').

Barberton Mines - Mineral Resource and Reserve upgrade:

*Total mineral resource increased by 7% to 2,55Moz of gold (9,47Mt at 8,35g/t in situ)

*Measured and Indicated (`M-I`) mineral resource increased by 4% to 1.9Moz of gold (6,96Mt at 8,48g/t in situ)

*Significant increase in total resource grade by 33% to 8,35g/t in situ (2010: 6,29g/t in situ)

*Mineral reserve increased by 51% to 1Moz (3,83Mt at 8,12g/t in situ)



Barberton Mines - Mineral Resource upgrade

Over the past three years an integrated Mineral Resource Management (`MRM`) programme has been implemented at Barberton Mines. The objectives of this programme are to:

*increase the total resource;

*increase the reserve base to improve Life of Mine and mining flexibility; and

*grow the production profile.

This programme represents over 37,915m of drilling, 5494m of development and a capital investment of approximately GBP6 million over three years. All three objectives have now been achieved and are supported year-on-year by the total resource increase by 7% to 2,55Moz (9,47Mt at 8,35g/t in situ), and the M-I resource increased by 4% to 1,9Moz (6,96Mt at 8,47g/t in situ). The reserve has been increased by 51% to 1Moz (3,83Mt @ 8,10g/t in situ).



Significant geophysical anomalies have been identified on the prospecting area and southern extent of the Fairview Mining Authorization boundary. The combined geographical extent of some of these anomalies are larger than the mining footprint at the Fairview Mine where over 4Moz of gold has been mined to date. The focus will now shift to drilling these targets and bringing them to account. Barberton Mines Mineral Inventory - 30 March 2011.
03-May-2011
(Official Notice)
Shareholders are advised that the company's operating subsidiary, Barberton Mines (Pty) Ltd ("Barberton Mines"), has secured final credit approval for a three year revolving credit facility in the amount of R150 million from Nedbank Ltd ("Facility"). This facility provides the group with immediate capacity for working capital purposes and general finance requirements, which would include funding of organic growth at Barberton mines and within the group. The facility is co- guaranteed by Pan African and its wholly-owned subsidiary Phoenix Platinum Mining (Pty) Ltd, and does not require any form of hedging as a condition.
04-Apr-2011
(Official Notice)
Pan African Resources, the African focused precious metals producer, has been awarded a mining licence on its Manica exploration project ("Manica Project") by the Mozambican government. The licence, which was converted from a prospecting licence, grants Pan African the opportunity to move the Manica project to development stage. The pre-feasibility study in respect of the Manica project relating to mining the oxide and some of the sulphide bearing mineralised material was completed on schedule in December 2010. A detailed pre-feasibility study is being completed on the remainder of the sulphide bearing mineralised material, which will include a detailed three dimensional underground mine design. This study is expected to be completed during Q2 of 2011 and results of both studies will be published towards the beginning of Q3 of 2011.
23-Mar-2011
(Official Notice)
Pan-Af has commenced bulk earthworks 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.
23-Feb-2011
(Media Comment)
Business Day reported that Pan African Resources has its gold and platinum projects under control and is now in a position to begin growing from internal projects and by making acquisitions. CEO Jan Nelson indicated that the company are now focussing on organic growth around the Barberton mines because there is potential to grow production ounces at a very low price. Mr Nelson added that the growth could come from gold and platinum acquisitions.
22-Feb-2011
(C)
Revenue increased by 32% to GBP38.33 million (2009: GBP29.04 million. Earnings before interest, taxes, depreciation and amortisation ('EBITDA') increased by 51% to GBP12.95 million (2009: GBP8.60 million). Attributable profit increased by 70% to GBP7.58 million (2009: GBP4.47 million). Headline earnings per share increased to 0.53 pence (2009: 0.36 pence)



Dividend

The company has adopted a policy whereby dividends are considered, and where deemed appropriate by the board, declared, on an annual basis. The consideration of any dividend will take account of cashflow requirements and growth plans, whilst recognising that where possible, a consistent dividend policy increases shareholder value. During the period under review the company approved and paid a dividend of 0.3723 pence per share totalling GBP5.38 million.



Prospects

The team at Barberton Mines continues to not only deliver results on target, but improve on previous achievements. This, together with significant cost reductions in spite of inflationary pressures and abnormal security expenditure, continues to highlight the strength of our team at Barberton Mines and the quality of our asset. Our journey towards platinum production has begun and we are on schedule to start production in Q4 of 2011. Pan African Resources have grown our in-house project development capability and re-focussed our new business team on sourcing additional production ounces from our near-term growth projects at Barberton Mines. We continue to remain focused on further productivity and cost improvements. Organic growth will continue to improve margins whilst we leverage our balance sheet and strategic partnership with Shanduka to realise further growth opportunities. The recent re- rating of the Company?s stock rewards stakeholders for the team?s consistent record of delivery. The journey has just started and the team is far from finished.
10-Feb-2011
(Official Notice)
Pan-Af hosted a site visit at its Barberton mine where analysts will have the opportunity to visit the Biological oxidation (BIOX) plant, go on an underground tour and be informed of the exciting growth prospects currently under consideration. In addition analysts will be provided with an overview of the developments at the Phoenix Platinum Project. No unpublished information will be disclosed at the site visit. A further market update will be provided on Tuesday, 22 February 2011, together with Pan-Af's interim results for the six months ended 31 December 2010.
03-Feb-2011
(Official Notice)
The company advised shareholders that it is incorporated in England and Wales under Companies Act 1985 and accordingly its presentation currency is Pound Sterling ("GBP"). The earnings per share for the six months ended 31 December 2010, denominated in GBP, is expected to be between 53 per cent and 63 per cent higher than those for the previous corresponding period (six months ended 31 December 2009: 0.34 pence per share). Earnings per share, calculated in South African Rand ("ZAR"), using the average ZAR:GBP exchange rate of 11.18 that prevailed for the six months ended 31 December 2010, is expected to be between 36 per cent and 46 per cent higher than those for the previous corresponding period (six months ended 31 December 2009: 4.21 cents per share at an average ZAR:GBP exchange rate of 12.48). Headline earnings per share for the six months ended 31 December 2010, denominated in GBP, is expected to be between 41 per cent and 51 per cent higher than those for the previous corresponding period (six months ended 31 December 2009: 0.36 pence per share). Headline earnings calculated in ZAR is expected to be between 26 per cent and 36 per cent higher than those for the previous corresponding period (six months ended 31 December 2009: 4.54 cents per share).



It is anticipated that the company's unaudited results for the six months ended 31 December 2010 will be released on 22 February 2011.
07 Dec 2010 09:26:19
(Official Notice)
Shareholders are advised that the 2010 sustainable development report of Pan African is now available for download from the company's website at http://www.panafricanresources.com/reports.htm.
29 Nov 2010 17:21:06
(Official Notice)
Shareholders are advised that Jan Nelson (chief executive officer) and Ron Holding (executive for mining) of Pan African will be hosting a conference call to update analysts and fund managers on the Phoenix platinum project. The call is scheduled for Tuesday, 30 November 2010 at 11h00 Central African time (09h00 UK time). Live dial-in details: South Africa: 0800200648. Playback dial-in details: South Africa: 0113052030 (Pin: 29992#). Presentation material used in the conference call will be made available on the company's website at www.panafricanresources.com.
16 Nov 2010 09:46:56
(Official Notice)
Further to the results of the annual general meeting announced on 15 November 2010, shareholders were advised that the currency conversion rate, as at close of business yesterday was GBP1.00 - ZAR11.2235. At the annual general meeting, shareholders approved the payment of a final dividend of 0.3723p per share or 4.17851 cents per share when translated at the conversion rate.
16 Nov 2010 08:07:50
(Official Notice)
Further to the results of the annual general meeting announced on 15 November 2010, shareholders were advised that the currency conversion rate, as at close of business yesterday was GBP1.00 - ZAR11.158 At the annual general meeting, shareholders approved the payment of a final dividend of 0.3723pence per share or ZAR4.15 per share when translated at the conversion currency.
15 Nov 2010 16:02:37
(Official Notice)
All resolutions proposed to the shareholders at the annual general meeting of the company were passed, with the exception of Resolution 7 which was a special resolution to disapply statutory pre-emption rights. It is the intention of the company to propose a revised resolution at a shareholders' meeting at an appropriate time. At the annual general meeting, shareholders approved the payment of a final dividend of GBP0.3723p per share, the salient dates of which are as follows:

*Currency conversion date -- Monday, 15 November 2010

*Last date to trade on the JSE -- Friday, 26 November 2010

*Ex-Dividend date on the JSE -- Monday, 29 November 2010

*Record date -- Friday, 3 December 2010

*Payment date -- Friday, 10 December 2010
05 Nov 2010 11:21:36
(Official Notice)
30 Sep 2010 09:05:58
(Official Notice)
Shareholders are referred to the announcement released on the Securities Exchange News Service ("SENS") of JSE Limited ("JSE") and to the Regulatory News Service ("RNS") of the London Stock Exchange ("LSE") on Tuesday, 31 August 2010, and are advised that the Company will post its annual report for the year ended 30 June 2010 ("Annual Report") to shareholders on Friday, 22 October 2010.



Notice is hereby given that Pan African's annual general meeting ("AGM") will be held at the offices of Fasken Martineau LLP, Fourth Floor, 17 Hanover Square, London, W1S 1HU on Monday, 15 November at 12:00pm Central African Time / 10:00am Greenwich Mean Time to conduct the business set out in the notice of AGM that will be distributed to shareholders together with the Annual Report.



Dividend recommendation

The board has proposed a final dividend for the year ended 30 June 2010 of GBP5.26 million, which calculated on 1 413 540 711 issued shares currently outstanding, equates to 0.3723p per share ("dividend"). The dividend requires the approval of Pan African shareholders at the AGM.



Expected Dividend timetable

*Approval of dividend at the AGM Monday, 15 November 2010

*Currency conversion date Monday, 15 November 2010.

*Announcement of results of AGM and currencyconversion on SENS and to RNS Monday, 15 November 2010.

*Last date to trade on the JSE Friday, 26 November 2010.

*Ex-Dividend date on the JSE Monday, 29 November 2010.

*Ex-Dividend date on the LSE Wednesday, 1 December 2010.

*Record date Friday, 3 December 2010.

*Payment date Friday, 10 December 2010.

31 Aug 2010 08:46:42
(C)
Revenue for the year from gold sales increased to GBP68.5 million (2009: GBP53 million). Operating profit rose to GBP22.7 million (2009: GBP20.5 million), while profit attributable to owners of the parent jumped to GBP14.3 million (2009: GBP4.4 million) . Furthermore, headline earnings per share was higher at GBP1.07pps (2009: GBP0.85pps).



Dividend

The board of directors proposed a final dividend for the year ended 30 June 2010 of GBP5.26 million, which calculated to GBP0.3723pps (2009: interim dividend of GBP0.2555pps declared), to be approved by shareholders at the forthcoming annual general meeting of the company.



Future outlook

Turning the company around from a loss making explorer to a gold producer, which soon will also yield platinum production, has taken only three years in a challenging global environment. During this period the share price has remained unchanged. However, management has focused on getting the basics right. This clearly sets the company apart from its peers. In addition, the ability to continue the payment of a dividend should in the future further realise the value in an increased share price. Pan-Af's success is the result of a team effort and the continued support and patience from their shareholders. The foundation is solid and the company is now able to take advantage of major growth opportunities to build Pan-Af into a significant mining house.
25 Aug 2010 12:45:06
(Official Notice)
The company advised that due to higher than forecast gold sales at the end of June 2010, and a lower than expected average ZAR:GBP exchange rate, the expected earnings per share and headline earnings per share have been adjusted as follows: Earnings per share for the financial year ended 30 June 2010, denominated in pounds sterling ("GBP"), is expected to be between 159 and 162 per cent higher than those for the previous corresponding period (2009: 0.4 pence per share). Earnings per share, calculated in South African Rand ("ZAR"), as well as headline earnings calculated in GBP and ZAR, are expected to remain within the ranges previously indicated. It is anticipated that the company's audited results for the financial year ending 30 June 2010 will be released on 31 August 2010.
24 Aug 2010 17:03:14
(Official Notice)
The company has issued and allotted 4 000 000 new ordinary shares pursuant to the exercise of share options. Application will be made for the new shares to be admitted to trading on AIM and JSE Ltd ("JSE"). Admission to trading on AIM and listing on JSE is expected to occur on 1 September 2010. Following this issue the company's issued capital is 1 413 540 711 ordinary shares of 1pence each.
20 Aug 2010 09:00:12
(Media Comment)
According to Business Day, junior gold producer Pan African Resources plans to increase production 25% over the next five years, having successfully quelled an illegal mining problem at its operations in Barberton. Geologists at Pan African spoke of an aggressive exploration programme around the three operational mines of Fairview, Sheba and Consort, and at old mines such as Royal Sheba. Mining was stopped at Royal Sheba in the 1990's due to low grades and a subdued gold price. Royal Sheba will feature strongly in Pan African's plans to raise production by 25 000oz to 125 000oz in five years. Its ore does not need to be treated at Pan African's Biox plant, which uses bacteria to liberate gold trapped in sulphide ore bodies.
18 Aug 2010 08:02:52
(Official Notice)
Pan African will be hosting a site visit for research analysts and fund managers at its Barberton Mine on Wednesday 18 and Thursday 19 August 2010. Presentations to be delivered at the visit have been made available on the company's website at www.panafricanresources.com Further to the announcement released on the Stock Exchange News Service and to the London Stock Exchange on 30 June 2010, the Mineral Resource and Technical short form report in respect of Barberton Mines has also been made available on the company's website.

30 Jun 2010 13:02:31
(Official Notice)
Further to the announcement released on the Securities Exchange News Service and to the London Stock Exchange earlier today, Wednesday 30 June 2010 Pan African advises that a slide presentation providing more detail on the Royal Sheba defined zone of gold mineralisation is available on the company's website at www.panafricanresources.com.

30 Jun 2010 08:05:00
(Official Notice)
Pan-Af has defined several zones of mineralisation following a two year drilling and underground development programme at its wholly owned Barberton Mines (Pty) Ltd ("Barberton Mines") in South Africa.



Highlights



Royal Sheba mineralised zone

*Significant ore-body (named Royal Sheba) defined below historical mine workings at the Royal Sheba prospect within current mine lease area.

*Royal Sheba ore-body represents a total resource of approximately 506koz.

*The ore-body is on average between 5 metres and 25 metres wide at a non-refractory in situ grade of 2.97g/t which could become mineable from a depth of 350m below surface.

*Potentially mineable pillars within upper areas between surface and 350 metres below surface have been identified.

*Exploration drilling confirms the open-ended nature of the ore-body to a depth of 800 metres below surface.

*Feasibility study being undertaken to assess the potential economic extraction of the ore-body.



Total mine mineral resource upgrade

*Total mineral resource increased by 18% to 2.37Moz (11.77Mt at 6.29g/t in situ).

*Measured and Indicated (`M-I`) mineral resource increased by 30% to 1.81Moz (9.43Mt at 5.99g/t in situ) inclusive of a significant tailings resource representing 116koz (1.34Mt at 2.69g/t in situ).

*Mineral reserve increased by 6.8% to 661koz (2.31Mt at 8.87g/t in situ).

*At an 85% conversion factor applied to the Measured and Indicated Mineral resource, Life of Mine ("LOM") increased by 50% to in excess of 15 years based on a depletion rate of 100koz per annum.
28 Jun 2010 08:11:15
(Official Notice)
Earnings per share for the financial year ending 30 June 2010, denominated in GBP, is expected to be between 148 per cent and 158 per cent higher than those for the previous corresponding period (2009: 0.4 pence per share). Headline earnings per share for the financial year ending 30 June 2010, denominated in GBP, is expected to be between 16 per cent and 26 per cent higher than those for the previous corresponding period (2009: 0.85 pence per share). It is anticipated that the company's audited results for the financial year ending 30 June 2010 will be released on 31 August 2010.
08 Jun 2010 10:02:09
(Official Notice)
The company has issued and allotted 1 200 000 new ordinary shares pursuant to the exercise of share options. Application will be made for the new shares to be admitted to trading on AIM and JSE Ltd ("JSE"). Admission to trading on AIM and listing on JSE is expected to occur on Thursday, 10 June 2010. Following this issue the company's issued capital is 1 409 540 711 ordinary shares of 1p each.
20 May 2010 08:14:25
(Official Notice)
Pan African is pleased to announce the results of a resource statement compiled for its Phoenix Platinum Project ('Phoenix Project'), situated in the Bushveld Complex in South Africa. Total resource increased by 15.8% to 469,000 ounces 4E Platinum Group Metals ('PGM 4E's') In situ grade increased by 2.6% to 3.15g/t PGM 4E's .



The Phoenix Project is 100% owned by Phoenix Platinum Mining (Pty) Limited (`Phoenix`), a wholly owned subsidiary of Pan African. Phoenix concluded an exclusivity agreement with International Ferro Metals SA (Pty) Limited (`'FM') on 18 February 2010, which agreement sets out the terms and conditions under which Phoenix may construct a Chromite Tailings Retreatment Plant (`CTRP`) on the IFM property. The site position for the CTRP was agreed on 31 March 2010 and the detailed engineering design of the CTRP is ahead of schedule. Construction is anticipated to commence during the first quarter of 2011 while first production is planned for September 2011.



Metallicon Process Consulting (Pty) Limited was appointed by Pan African to validate and verify all procedures relating to the resource estimate. The estimation process was carried out through a comprehensive drilling, sampling and assaying programme that underpins the resource calculation. The process resulted in the metal content increasing by 15.8% from 405,000 ounces PGM 4E's reported in the company's unaudited interim results for the six months ended 31 December 2009, to 469,000 ounces PGM 4E's. The grade increased by 2.6% from 3.07g/t PGM 4E's to 3.15g/t PGM 4E's.
18 May 2010 08:57:18
(Official Notice)
Shareholders are referred to the announcement released on, 31 March 2010, in which Pan African advised that it had signed a conditional Sale and Purchase Agreement with Ivanhoe Nickel and Platinum Limited to acquire a 25% interest in the RK1 Consortium ("RK1") (the "transaction"). RK1 owns a Chromite Tailings Retreatment Plant (`CTRP`) situated at Kroondal on the Western Limb of the Bushveld Complex in the North West Province of South Africa, which produces Platinum Group Metals concentrate. The transaction was subject to, inter alia, the successful completion of a technical and financial due diligence investigation (`Due Diligence`) by Pan African. Subsequent to the completion of the due diligence, the company has elected not to proceed with the transaction.



This decision will not affect the interim Exclusivity and Agreed Terms Agreement (the "Agreement") entered into on 17 February 2010 between Pan African, its wholly-owned subsidiary Phoenix Platinum Mining (Pty) Limited ("Phoenix") and International Ferro Metals SA (Pty) Ltd ("IFM") which relates to the siting and construction of the Phoenix CTRP on the IFM Mine Property. This is progressing ahead of schedule and first production is still planned for September 2011. Withdrawal of cautionary announcement

Shareholders are referred to the cautionary announcement first released on 31 March 2010 and subsequently renewed on 30 April 2010, and in terms of the Listings Requirements of JSE Ltd are advised that, as the company has elected not to proceed with the Transaction, caution is no longer required to be exercised when dealing in the company's securities. For further information on Pan African Resources, please visit the website at www.panafricanresources.com

30 Apr 2010 15:50:25
(Official Notice)
Shareholders are referred to the announcement released on Wednesday, 31 March 2010 in which Pan African advised that it had signed a conditional sale and purchase agreement to acquire a 25% interest in the RK1 Consortium ("RK1") (the "transaction"). RK1 owns a Chromite Tailings Retreatment Plant ("CTRP") situated at Kroondal on the Western Limb of the Bushveld Complex in the North West Province of South Africa, which produces Platinum Group Metals (`PGM`) concentrate. The transaction, if completed, is expected to provide Pan African with access to low cost attributable PGM ounces and further strengthen the company's earnings and operating cash flows. The transaction is subject to, inter alia, the successful completion of a technical and financial due diligence investigation ("due diligence") by Pan-Af, which was anticipated to have been completed by the company by the end of April 2010. Shareholders are advised that the parties to the sale and purchase agreement have agreed to extend the period for the completion of the due diligence to Monday, 17 May 2010.



Renewal of cautionary

Shareholders are referred to the cautionary announcement released on Wednesday, 31 March 2010, and are advised that the pro forma financial effects of the transaction are still being determined and may have a material effect on the price of the securities of the company. Accordingly, shareholders are advised to continue exercising caution when dealing in the securities of the company until the pro forma financial effects of the transaction have been announced on the JSE Ltd SENS and the London Stock Exchange Regulatory News Service.
23 Apr 2010 08:48:19
(Official Notice)
Pan African announce that the Department of Mineral Resources ("DMR") has approved and granted the conversion of its old order mining rights in respect of Barberton Mines (Pty) Limited ("Barberton Mines") into new order mining rights ("NOMR"). In terms of the South African Mineral and Petroleum Resources Development Act, 2002 ("MPRDA") all mining licences issued prior to the MPRDA coming into operation on 1 April 2004, are described as old order mining rights. Holders of such rights were required to have applied to the DMR for the conversion of the old order mining rights into NOMR within five years of the commencement of the MPRDA.



Barberton's NOMR relates to the mining licences in respect of Fairview Mine (old order mining licence 28/2003), New Consort Mine (old order mining licence 30/2003) and Sheba Mine (old order mining licence 29/2003). These Licences Combined Comprise The Barberton Mining Operation.
08 Apr 2010 12:04:05
(Official Notice)
07 Apr 2010 16:48:14
(Official Notice)
Pan African is pleased to announce that its new corporate presentation is now available to download from the company's website: www.panafricanresources.com under the heading 'Investor Relations' as well as on the home page under the 'Latest News' section. For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com.

31 Mar 2010 08:54:30
(Official Notice)
23 Mar 2010 14:02:16
(Official Notice)
Mr John Hopwood, an independent non-executive director of Pan-Af, passed away on Thursday, 18 March 2010.
19 Feb 2010 16:02:09
(Official Notice)
Pan African announced the conclusion of an interim exclusivity and agreed terms agreement between itself, its wholly-owned subsidiary Phoenix Platinum Mining (Pty) Ltd and International Ferro Metals SA (Pty) Ltd. The agreement relates to the siting and construction of the Phoenix Chrome tailings retreatment plant on the IFM mine property as well as the potential acquisition of the 25% net profit interest held by IFM in respect of the Platinum group metals contained in the IFM Lesedi operations tailings fraction treated through the CTRP. The effective date of the agreement was 18 February 2010.



The agreement allows the parties to negotiate exclusively for a 12 month period to finalise the exact CTRP site location on the IFM property, and also to resolve technical issues relating to the required services and associated facilities and utilities. The exclusivity period may be extended by a further six months by mutual agreement. The agreement also stipulates the terms under which Phoenix may acquire IFM's 25% NPI and fixes the total consideration for the CTRP site location and acquisition of the NPI at ZAR80 million, payable in cash. A non- refundable exclusivity fee of ZAR2 million cash was paid by Phoenix to IFM on the effective date.



Shareholders are referred to the cautionary announcement first released on 26 November 2010 and subsequently renewed on 7 January 2010 and 10 February 2010, and in terms of the listings requirements of JSE Ltd are advised that, as the possible transaction referred to therein has now been announced, caution is no longer required to be exercised when dealing in the company's securities.

For further information on Pan African Resources and a presentation providing more detail on the Phoenix acquisition, please visit the website at www.panafricanresources.com
10 Feb 2010 10:38:30
(C)
Earnings before interest, taxes, depreciation and amortisation of GBP8.6 million (2008: GBP8.6 million). Revenue increased by 16.4% to GBP29 million (2008: GBP24.9 million). Total comprehensive income attributable to owners of the parent increased to GBP6,836,312 and non-controlling interest to GBP70,544. Headline earnings per share was 36 pence. The company has adopted a policy whereby dividends are considered, and where deemed appropriate by the board, declared, on an annual basis. Pan African will consider a final dividend subsequent to the finalisation of financial year-end results. The consideration of any dividend will take account of cashflow requirements and growth plans, whilst recognising that, where possible, a consistent dividend policy increases shareholder value.



Future prospects

* Focus on productivity and efficiency improvements to counter cost pressures and increase margins.

* Encouraging production forecast for the next six months.

* Significant progress in eliminating criminal mining activities will yield future benefit to all stakeholders.

* Phoenix project value expected to further increase.

* Strong balance sheet to take advantage of opportunities.



Renewal of cautionary announcement

Further to the cautionary announcement first released on 26 November 2009 and renewed on 7 January 2010 and in terms of the listings requirements of the JSE, shareholders were advised that the discussions in respect of a possible transaction are still in progress. If successfully concluded, the outcome of the discussions may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement in respect of the possible transaction is made.
27 Jan 2010 13:07:25
(Official Notice)
The earnings per share for the six months ended 31 December 2009, denominated in GBP, is expected to be between 45 per cent and 50% higher than those for the previous corresponding period (six months ended 31 December 2008: 0.23 pence per share). Earnings per share, calculated in South African rand ("ZAR"), using the average ZAR:GBP exchange rate of R12.48 prevailing during the period (six months ended 31 December 2008 average exchange rate of R15.13), is expected to be between 17% and 22% higher than those for the previous corresponding period (six months ended 31 December 2008: 3.53 cents per share). Headline earnings per share for the six months ended 31 December 2009, denominated in GBP, is expected to be between 1% and 6% higher than those for the previous corresponding period (six months ended 31 December 2008: 0.36 pence per share). Headline earnings calculated in ZAR is expected to be between 13 per cent and 18% lower than those for the six months ended 31 December 2008 (six months ended 31 December 2008: 5.37 cents per share). It is anticipated that the interim results for the six months ended 31 December 2009 will be released on Wednesday, 10 February 2010.
07 Jan 2010 09:04:45
(Official Notice)
Shareholders are advised that the discussions in respect of a possible transaction are still in progress. If successfully concluded, the outcome of the discussions may have a material effect on the price of the company's securities. Shareholders are accordingly advised to continue exercising caution when dealing in the company's securities until a full announcement in respect of the possible transaction is made.
14 Dec 2009 17:50:09
(Official Notice)
All resolutions proposed to the shareholders at the AGM were passed, with the exception of resolution nine which was a special resolution to disapply statutory pre-emption rights. It is the intention of the company to propose a revised resolution at a shareholders' meeting at an appropriate time.
26 Nov 2009 14:50:06
(Official Notice)
Shareholders are advised that the company has entered into discussions in respect of a possible transaction which, if successfully concluded, could have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution until a further announcement is made.
26 Nov 2009 14:45:29
(Official Notice)
The directors of Pan African announced that the JSE has approved the transfer of Pan African's listing from the AltX to the gold mining sector of the main board of the JSE, with effect from the commencement of business on Tuesday, 1 December 2009. Accordingly, the JSE will become the company's dual primary regulator.

17 Nov 2009 15:20:29
(Official Notice)
Pan African will post its annual report for the year ended 30 June 2009 to shareholders today. The annual financial statements were audited by Deloitte LLP, following the release of the unaudited results, as announced on 1 September 2009. The report is available for inspection at the company's registered office - 6 St James's Place, London SW1A 1NP and on the company's website (www.panafricanresources.com).



Notice is hereby given that Pan African's AGM will be held at the offices of Fasken Martineau LLP, Fourth Floor, 17 Hanover Square, London, W1S 1HU on Monday, 14 December 2009 at 12h00 (UK time) to transact business as stated in the notice of the annual general meeting circulated together with the annual report.
30 Oct 2009 17:30:09
(Official Notice)
The company has been notified that Pangea Exploration (Pty) Ltd sold a total of 3 763 900 ordinary shares in the company on 9 and 11 October 2009. Pangea's remaining holding is 37 626 605 ordinary shares, representing 2.67% of the issued share capital. Robert Still, a non-executive director of the company, is a director of Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr Still is therefore deemed to have an indirect, non-beneficial interest in Pangea's holding in the company.
27 Oct 2009 13:09:10
(Official Notice)
The company was notified on 27 October 2009 that Pangea Exploration (Pty) Ltd had sold 312,420 ordinary shares in the company. Pangea's remaining holding is 41,390,505 ordinary shares, representing 2.94% of the issued share capital.



Robert Still, a non-executive director of the company, is a director of Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr Still is therefore deemed to have an indirect, non-beneficial interest in Pangea's holding in the company.
23 Oct 2009 13:21:07
(Official Notice)
The company was notified on 22 October 2009 that Pangea Exploration (Pty) Ltd had sold 358 130 ordinary shares in the company. Pangea's remaining holding is 41 702 925 ordinary shares, representing 2.96% of the issued share capital.



Robert Still, a non-executive director of the company, is a director of Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr Still is therefore deemed to have an indirect, non-beneficial interest in Pangea's holding in the company.
19 Oct 2009 12:35:31
(Official Notice)
The company was notified on 19 October 2009 that Pangea Exploration (Pty) Ltd had sold 500 000 ordinary shares in the company. Pangea's remaining holding is 42 061 055 ordinary shares, representing 2.98% of the issued share capital.



Robert Still, a non-executive director of the company, is a director of Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr Still is therefore deemed to have an indirect, non-beneficial interest in Pangea's holding in the company.
16 Oct 2009 17:08:49
(Official Notice)
The company was notified on 16 October 2009 that Pangea Exploration (Pty) Ltd had sold 244 513 ordinary shares in the company. Pangea's remaining holding is 42 561 055 ordinary shares, representing 3.02% of the issued share capital. Robert Still, a non-executive director of the company, is a director of Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr Still is therefore deemed to have an indirect, non-beneficial interest in Pangea's holding in the company.
16 Oct 2009 09:12:31
(Official Notice)
The company was notified on 14 October 2009 and 15 October 2009 that Pangea Exploration (Pty) Ltd had sold a total of 2 795 966 ordinary shares in the company. Pangea's remaining holding is 42 805 568 ordinary shares, representing 3.04% of the issued share capital. Robert Still, a non-executive director of the company, is a director of Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr Still is therefore deemed to have an indirect, non-beneficial interest in Pangea's holding in the company.
30 Sep 2009 10:05:09
(Official Notice)
Shareholders are referred to the announcement dated 21 May 2009 regarding the acquisition by Pan African of 100% of Phoenix Platinum (Pty) Ltd from Metorex Ltd for a cash consideration of ZAR71 250 000. Shareholders are referred to the payment terms of the transaction consideration, and are advised that Pan African is pleased to announce that the outstanding balance of ZAR12 089 536 of the transaction consideration will be paid to Metorex on 30 September 2009.
17 Sep 2009 14:34:00
(Official Notice)
Further to the announcement dated 21 August 2009, Pan African announces that on 17 September 2009 the following changes to the board were ratified:

*Cyril Ramaphosa was appointed Non-Executive Chairman.

*Rowan Smith was appointed as a Non-Executive Director.

*Cobus Loots was appointed as Finance Director.

Keith Spencer has assumed the role of Independent, Non-Executive Deputy Chairman.
01 Sep 2009 09:17:22
(C)
Gold sales increased to GBP53 million (GBP39.3 million). Mining profit rose to GBP22 million (GBP12 million). However, net attributable profit declined to GBP4.4 million (GBP5.5 million). Headline earnings per share grew to GBP0.85pps (GBP0.52pps).



Dividend

A final dividend has been declared.



Outlook

The company is now a fully independent business and operator with a newly structured and empowered board. Full ownership of the flagship Barberton Mines and the near-term production Phoenix Platinum project will not only be future earnings enhancing, but will also sustain self-funding, profitable growth and the pursuit of opportunistic acquisitions.
21 Aug 2009 12:09:43
(Official Notice)
Shareholders of Pan-Af ("shareholders") are referred to the following announcements:

*the announcement dated 19 June 2009 regarding the share exchange by Pan-Af for Shanduka Gold's 26% shareholding in Barberton Mines; and

*the announcement dated 26 June 2009 regarding the disposal by Metorex of its remaining stake in Pan-Af (collectively "the transactions").



The directors of the company, having consulted with RBC Capital Markets, consider that the share exchange with Shanduka Gold is fair and reasonable insofar as all shareholders are concerned and Shareholders are further advised that all other outstanding conditions precedent to the transactions have now been fulfilled or waived, save for admission to trading on AIM and the Alternative Exchange of the JSE Ltd of the 295 751 549 new ordinary shares issued and allotted to Shanduka Gold in respect of the share exchange for the stake in Barberton Mines. Admission is anticipated to take place on or about 28 August 2009, following which the Transactions will be unconditional in all respects.



Changes to the board of directors of Pan-Af

As a result of the transactions, shareholders are advised of the following proposed changes to the company's board of directors. These are to be confirmed by the board:

*Mr Cyril Ramaphosa will be appointed as non-executive chairman to the Pan-Af board

*Accordingly, Mr Keith Spencer will continue on the Pan-Af board

*Mr Rowan Smith from Shanduka Group will be appointed as a non- executive director of the Pan-Af board

*Mr Maritz Smith, previously a representative of Metorex, has resigned with immediate effect as the financial director. Mr Cobus Loots will replace him as financial director



Change of sponsor

Shareholders are advised that Barnard Jacobs Mellet Corporate Finance (Pty) Ltd has been appointed as the company's JSE Ltd sponsor with immediate effect.
01 Jul 2009 14:32:42
(Official Notice)
Pan-af announced that, as anticipated in the announcement dated 26 June 2009, it has agreed with Metorex Ltd ("Metorex") to an early termination of the Metorex management agreement in respect of Barberton Mines (Pty) Ltd ("Barberton Mines") dated 2 April 2003 ("management agreement"), with effect from 1 July 2009. In exchange for:

*Metorex agreeing to waive the requirement for Pan-af to give Metorex twelve months' written notice of termination of the management agreement; and

*Pan-af agreeing to an acceleration of the payment of the outstanding consideration in respect of the option to acquire 100% of Phoenix Platinum Mining (Pty) Ltd ("Phoenix Platinum") as provided for in the amended option agreement between Pan-af, Metorex and Phoenix Platinum dated 19 May 2009, the parties have agreed to a reduction in the management fees for 2010 payable by Barberton Mines to Metorex in respect of the management agreement from R7 million (approximately GBP549 500) to R4 million (approximately GBP314 000).



Pan-af will now pay Metorex the total outstanding consideration of R12 089 536 (approximately GBP949 000) in respect of the option to acquire 100% of Phoenix Platinum by no later than 30 September 2009, rather than on the agreed pro rata basis over 12 months as was announced on 21 May 2009. Pan-af also announces the appointment of Mr Mario Gericke as executive of mining operations.
26 Jun 2009 08:16:06
(Official Notice)
19 Jun 2009 08:02:50
(Official Notice)
04 Jun 2009 09:33:49
(Official Notice)
Pan African announces the results of the preliminary in-house pre-feasibility study conducted on the Manica (Fairbride) project. Several components of the study have been signed off by independent consultants, including the mine design, resource estimate and the environmental impact assessment. Capital expenditure estimates and plant design have been reviewed internally. The pre-feasibility study was based on the Manica resource of 2.571Moz (33.8Mt @ 2.36g/t) as announced on 26 February 2009.



After completing a modelling exercise using the internationally-recognised Surpac 3D mine design modelling system, the company plans to apply a two- phased approach to the mine design. Phase one of the design will incorporate an open-pit design, mining to a vertical depth of 30m. Phase two will see the company move production underground where various mining methods will be applied depending on geological conditions.



The company has been engaging with other exploration parties operating in the Manica district with the full support and encouragement of the Mozambique Ministry of Mineral Resources, in an effort to consolidate additional resources in the area. If successful, this could further improve the financial parameters of the project.
21 May 2009 16:24:13
(Official Notice)
In the original announcement released earlier today an incorrect figure was included for the quantity of ounces of PGM tailings re-evaluated, which should have stated 360,000 ounces instead of 600,000 ounces.
21 May 2009 11:33:25
(Official Notice)
Pan-Af announces that it has exercised the option to acquire 100% of Phoenix Platinum (Pty) Ltd ("Phoenix Platinum") from Metorex Ltd ("Metorex") for a cash consideration of R71 250 000. The company exercised its option a month ahead of schedule after detailed sampling indicated that grades were better than expected from an earlier pre-feasibility study conducted by the seller, Metorex. By exercising the option earlier and paying an upfront cash amount of R44 801 000, the company received a 5% discount on the original purchase price of R75 000 000. The consideration will be settled through the company's current capital working cash flows.



The re-evaluation of 600 000 ounces of PGM ("platinum group minerals") tailings sources indicated 4E* grades ranging from 1.11g/t to 4.18g/t. Initial results show that a recovery of 55% is possible. Total cash cost anticipated for the project is less than USD350/oz.
06 Mar 2009 15:09:58
(Official Notice)
Interim Dividend No. 1 of 0.2555 pence per share

Further to the unaudited interim results announcement of 26 February 2009, the equivalent of the dividend is 3.7806 South African cents per share based on the ruling rate of GBP1 = ZAR14.7969 on Thursday, 5 March 2009. Shareholders on the company's South African register will receive a dividend payment of 3.7806 South African cents per share. Other details relating to the dividend are contained in the announcement of 26 February 2009 and are included on the company's website at www.panafricanresources.com
03 Mar 2009 10:01:40
(Official Notice)
In connection with the purchase of 90% of the licence rights of the Akrokerri Exploration Property in southern Ghana as announced on 28 June 2007, the company has issued and allotted 12 000 000 ordinary shares of 1p each to SEMS Exploration Services Ltd and Birim Goldfields Ltd. Application will be made for the new shares to be admitted to trading on AIM and the JSE Ltd. Admission on AIM and listing on the JSE is expected to occur on 6 March 2009. Following this issue the company now has an issued share capital of 1 112 589 162 ordinary shares of 1p each.
26 Feb 2009 13:29:13
(C)
Turnover increased from GBP14.596 million to R24.940 million in 2008. EBITDA rose to GBP8.552 million (2007:GBP4.000 million). Profit attributable to ordinary shareholders increased to GBP2.569 million (2007:GBP1.294 million). In addition, headline earnings on a per share basis grew to reach 0.36pps (2007:0.13 pps).



Dividends per share

And Interim dividend of 0.2555 pence per share for the period under review.



Prospects

The focus of Pan African continues to move up the value chain to projects at the point of pre-feasibility to assets near/ in production. The company's mining operations at Barberton provide funding to find and develop new projects and advanced-staged mining opportunities. The directors believe global macroeconomic fundamentals support a favourable gold price in the medium-term and the combination of activities at our mining, and more advanced exploration assets are expected to deliver satisfactory results for the next reporting period. Production plan is sustainable and the company remains on track to produce 100,000 oz/annum. The company continues to evaluate and acquire projects that will deliver high margins and low costs with significant upside potential and believe that in the current environment of tight credit, the strong balance sheet compares Pan African favourably to its peers.
24 Feb 2009 17:33:08
(Official Notice)
Pan African confirmed today that trespassers conducting illegal mining activity set a fire on the Consort mine at Barberton on Saturday, 21 February 2009. Today the bodies of five of these men were found underground. Management have sealed off the area and all necessary safety precautions have been taken; no mine employees have been harmed. The police and the Inspector of mines have been informed of the incident. Mining resumed on schedule, Monday 23 February 2009, and management expects an insignificant impact on production.
09 Feb 2009 10:59:08
(Official Notice)
Pan African Resources ("PAR") announced that it had acquired an exclusive, non-refundable option to purchase 100% of the shares in Phoenix Platinum Mining (Pty) Ltd from Metorex Ltd. This option enables PAR to conduct a four month due diligence on the existing technical information, which will provide the company with the necessary information to determine the viability of Phoenix. The option, at a cost of USD1 million, is payable immediately and can be exercised at any stage within the next four months. The cost of the option, if exercised will be deducted from any agreed purchase price. Should PAR exercise the option, the transaction will constitute a "related party transaction" under the AIM Rules and will require a fair and reasonable opinion from the company's nominated adviser, RBC Capital Markets. Phoenix owns certain rights to the contained PGM's from both surface tailings dump and current arising from operating mines within the Bushveld igneous complex.
06 Feb 2009 15:03:30
(Official Notice)
The company received notification in a letter dated 20 January 2009 that Mr Simon Malone had resigned as a director of Pan African.
22 Dec 2008 16:01:30
(Official Notice)
All resolutions proposed to the shareholders at the annual general meeting of the company were passed.
28 Nov 2008 09:00:41
(Official Notice)
Pan African Resources will post its annual report for the year ended 30 June 2008 to shareholders today. The annual report contains no modifications to the audited results which were announced on 19 August 2008, and accordingly the company is not publishing an abridged report. The annual financial statements were audited by Deloitte and Touche LLP. Their report is available for inspection at the company's registered office.



Pan African's annual general meeting will be held at the offices of Fasken Martineau LLP, Fourth Floor, 17 Hanover Square, London on 22 December 2008 at 12.00pm (GMT) to transact business as stated in the notice of the annual general meeting circulated together with the annual report.
19 Aug 2008 09:49:40
(C)
Pan-Af announced that for the year ended 30 June 2008, EBITDA was GBP13.7 million, which incorporates 12 months of Barberton and 11 months of Pan-Af and prior year comparatives represent the

results of Barberton for 12 months prior to the transaction. The company has benefited from the robust gold price at its operations. The EBITDA was reduced by a hedging loss of GBP2.2 million. No further hedges have been entered into on gold sales after 30 June 2008. Pan-Af has accelerated the capital expenditure at Barberton to replace ore reserves as well as its spending at its projects in Mozambique, Ghana and the Central African Republic. Earnings per share and headline earnings per share were reported at GBP0.52 pence (2007: GBP0.35 pence).



Dividends

No dividend is proposed or declared (2007: nil).



Prospects

Subsequent to the acquisition of Barberton, the company moved from being a junior exploration company, to a self-funding mining group with a substantial pipeline of exploration projects. Through the ongoing relationship with Metorex and Pangea Exploration (Pty) Ltd, the company has first right of refusal on any gold projects discovered by these world-class companies. Despite current turbulent markets, the company has, through the Barberton acquisition secured cash flow to not only continue its current exploration activity, but to accelerate the exploration timetable. The exploration of highly prospective areas together with a competent management team provides significant opportunities going forward.
01 Aug 2008 08:08:16
(Official Notice)
St James`s Corporate Services has been appointed as the company secretary, replacing John Bottomley.
16 Jul 2008 12:59:23
(Official Notice)
Application has been made for the admission of 722 724 shares in Pan-Af to trade on AIM and on the Alternative Exchange of the JSE.
02 Jul 2008 11:03:31
(Official Notice)
Pan-Af announced that it has appointed, with immediate effect, RBC Capital Markets as its Nominated Adviser and Broker under the AIM Rules.
11 Jun 2008 08:08:23
(Official Notice)
02 Jun 2008 08:30:40
(Official Notice)
Pan-Af announced the appointment of John Hopwood as an independent, non-executive director, with immediate effect.
21 Apr 2008 15:39:41
(Official Notice)
Pan-Af announced that as a result of an exercise of share options, the company has issued 5 000 000 ordinary shares of GBP1p each at a price of GBP2p per share. Application has been made to the AIM Market of the London Stock Exchange ("AIM") and the AltX for 5 000 000 shares to be admitted to trading on AIM and listed on the AltX. Admission is expected to occur on 25 April 2008.
21 Apr 2008 08:01:53
(Official Notice)
Pan-Af is pleased to announce that its new corporate presentation is now available to download from the company's website: www.panafricanresources.com under the heading "Press Section".
14 Apr 2008 08:48:39
(Official Notice)
Pan African announced that eight major gold-in-soil anomalies have been delineated following a stream sediment and infill soil sampling programme on the Dekoa licence area in the Central African Republic ("CAR"). The Dekoa gold project represents three exclusive exploration licence areas; Boufoyo, Daya and Bozoro (collectively "Dekoa gold project"), covering approximately 3 000sqkm of prospective greenstone belt. The combined strike length of these anomalies is in excess of 25 km, double the size of the anomaly identified at the Bogoin project 150km to the South-West of the Dekoa gold project, where a mining convention was signed earlier this year. As a result of these encouraging results Pan African has together with CARGold (Pan African's joint venture partner in the CAR) (collectively "JV") concluded a 25-year mining convention with the Ministry of Mines, Energy and Water Affairs in the CAR ("State"). The State has agreed to facilitate the exploration and development by the JV of the Dekoa gold project in the CAR. The JV will pay the State USD700 000 in respect of the rights it has acquired. The first instalment of USD200 000 was payable on signature and the balance due in instalments at various stages of the development of the Dekoa gold project. The convention came into effect on 9 April 2008 and is extendible by agreement between the JV and the State. Once the mining phase is reached the State will hold a 10% free carry in the Dekoa gold project. The State has provided a number of concessions and exemptions in respect of taxes, duties and administrative provisions to the benefit of the company housing the Dekoa gold project. Drilling has commenced at the Bogoin gold project with the first reverse circulation drill rig ("RC") on site. A second RC drill rig will be on site in three weeks to complete an 18,000m drilling programme as part of the first phase. Once this programme has been completed, the drill rigs will be moved to the Dekoa gold project.
27 Mar 2008 13:48:43
(Official Notice)
Pan-Af announced that as a result of an exercise of share options, the company issued 4 000 000 ordinary shares of 1p each on 27 March 2008 at a price of 4p per share. Application has been made to the AIM Market of the London Stock Exchange and the Alternative Exchange of the JSE for 4 000 000 shares to be admitted to trading on AIM and listed on Altx. Admission is expected to occur on 28 March 2008.
10 Mar 2008 09:24:47
(Official Notice)
Pan African Resources PLC announced a further increase in resource at the Manica gold project in Mozambique and a substantial increase in the grade at the Fair Bride prospect, for which the company will announce the results of a pre-feasibility early in Q2 2008.



Highlights:

*Manica resource increased by 10% to 1.700Moz contained gold compared to the previously reported 1.550Moz.

*Grade at the Fair Bride prospect increased by 94% to 5,49g/t in situ, from the previously reported 2,83g/t in situ.

*Total resource grade for the Manica deposit increased by 56% to 4,61g/t in situ from the previously reported 2,96g/t in situ.

The increase in the grade is the result of optimisation with regard to width of mineralised zone, resulting in narrower width but higher grades and additional high grade zones delineated along strike and to depth. The RC ("Reverse Circulation") programme at the Manica project has been completed and the company is currently completing follow up core drilling on two adjacent targets to the Fair Bride prospect. These results and the outstanding assay results, as mentioned in the release dated 20 January 2008 are not included in the current resource upgrade and will be reported on as soon as the results are received from the laboratory. The resource will be reviewed accordingly. The total Manica resource has been upgraded from 1.550Moz at 2.96g/t in situ to 1.701Moz at 4,61g/t in situ. The resource at the Fair Bride prospect has been increased by 12% to 1.396Moz at 5.49g/t as part of the ongoing pre-feasibility study that will be complete by Q1 2008 and reported to the market in Q2 2008 once the results have been independently verified.
21 Feb 2008 08:19:53
(C)
Revenue amounted to GBP14.6 million for the interim period to 31 December 2007. EBITDA of GBP4 million was recorded, and operating income of before financing costs of GBP3.2 million was reported. Profit for the period attributable to ordinary shareholders was GBP1.3 million. This contributed to headline earnings on a per share basis of GBP0.13p per share.



Dividend

No dividend has been declared for the interim period under review.



Prospects

Pan-Af's association with Pangea Exploration and Metorex brings additional exploration capacity and mining skills. This positions the company to actively seek early and advanced stage mining opportunities to complement its own greenfield portfolio. Pan-Af believes global macro-economic fundamentals support a favourable gold price in the medium term and the combination of activities at the group's mining, grassroots and more advanced exploration assets are expected to deliver robust results for the next reporting period.
20 Feb 2008 09:04:30
(Official Notice)
Pan-AF announced that it has signed an earn-in agreement with SEMS Exploration Services Ltd to acquire, in three stages a 90% interest in the licence rights of the Kyereboso Exploration Property (Kyereboso) in southern Ghana. Highlights of the transaction are:

* Acquisition of a substantial exploration property in the vicinity of the largest gold producer in Ghana

* Close proximity to Akrokerri Exploration project acquired June 2007

* Advanced exploration play with major drill defined exploration targets.



Pan-Af will pay SEMS USD200 000 within ten days for an exclusive option to conduct exploration activity on the property for a period of 12 months (first exploration phase) and bear the annual costs of approximately USD15 000 to keep the exploration licence in good standing. After completion of the first phase of exploration, Pan-Af shall be entitled, but not obliged, to proceed to the second exploration phase.
05-Oct-2017
(X)
Pan African Resources growth strategy is executed by identifying and exploiting mining opportunities that create stakeholder value by driving growth in its mineral reserve and resource base; production; earnings; cash flows in a margin-accretive manner; and by capturing the full precious metals mining value chain by focusing on:

-Low-cost base;

-Growth in mineral reserve base and profitable production;

-Positive impact on earnings, in a sustainable manner;

-Maximising recovered grade and production tonnes; and

-High margins



Pan African Resources encourage an entrepreneurial culture that fosters consistent value-accretion for stakeholders by first identifying and then executing opportunities within our business and operations.

The group is profitable and cash generative at the current gold price, with the ability to fund all on-mine sustaining capital expenditure internally and meet its other funding and growth commitments.



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