PAN AFRICAN RESOURCES PLC - Update to commissioning date of the Mintails Project

Update to commissioning date of the Mintails Project

Pan African Resources PLC                               Pan African Resources Funding Company
(Incorporated and registered in England and Wales       Limited
under Companies Act 1985 with registered                Incorporated in the Republic of South Africa
number 3937466 on 25 February 2000)                     with limited liability
Share code on AIM: PAF                                  Registration number: 2012/021237/06
Share code on JSE: PAN                                  Alpha code: PARI
ISIN: GB0004300496
ADR code: PAFRY
(“Pan African” or “the Company” or “the Group”)


UPDATE TO COMMISSIONING DATE OF THE MINTAILS PROJECT

Shareholders and noteholders are referred to the announcement released by Pan African on 1 August
2023 regarding the closing of the Group’s Mintails project (the Project) funding and are advised that
the Project will be commissioned in the latter half of the 2024 calendar year (and not the 2025
calendar year as previously stated).


Rosebank

1 August 2023

For further information on Pan African Resources, please visit the Company's website at

www.panafricanresources.com



 Corporate information

 Corporate Office                                    Registered Office
 The Firs Office Building                            Second Floor
 2nd Floor, Office 204                               107 Cheapside
 Cnr. Cradock and Biermann Avenues                   London
 Rosebank, Johannesburg                              EC2V 6DN
 South Africa                                        United Kingdom
 Office: + 27 (0)11 243 2900                         Office: + 44 (0)20 7796 8644
 info@paf.co.za                                      info@paf.co.za
 Chief Executive Officer                             Financial Director

 Cobus Loots                                         Deon Louw

 Office: + 27 (0)11 243 2900                         Office: + 27 (0)11 243 2900

 Head: Investor Relations                            Website: www.panafricanresources.com
 Hethen Hira
 Tel: + 27 (0)11 243 2900
 E-mail: hhira@paf.co.za
Company Secretary                                Nominated Adviser and Joint Broker

Jane Kirton                                      Ross Allister/David McKeown

St James's Corporate Services Limited            Peel Hunt LLP

Office: + 44 (0)20 7796 8644                     Office: +44 (0)20 7418 8900

JSE Sponsor                                      Joint Broker

Ciska Kloppers                                   Thomas Rider/Nick Macann

Questco Corporate Advisory Proprietary Limited   BMO Capital Markets Limited

Office: + 27 (0)11 011 9200                      Office: +44 (0)20 7236 1010

                                                 Joint Broker

                                                 Matthew Armitt/Jennifer Lee

                                                 Joh. Berenberg, Gossler & Co KG (Berenberg)

                                                 Office: +44 (0)20 3207 7800

Date: 01-08-2023 10:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.