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PAF - Pan African Resources Plc - Corporate presentation

Release Date: 11/09/2007 14:33
Code(s): PAN
Wrap Text

PAF - Pan African Resources Plc - Corporate presentation Pan African Resources PLC (Incorporated and registered in England and Wales under Companies Act 1985 with registration number 3937466 on 25 February 2000) Share code on AIM: PAF & ISIN: GB0004300496 Share code on JSE: PAN ("Pan African" or the "Company") Corporate Presentation Pan African is pleased to announce that its new corporate presentation is now available to download from the Company`s web site: www.panafricanresources.com under the heading `Press Section`. The corporate presentation makes specific reference to the reviewed, provisional results of Barberton Mines Limited (`Barberton`) for the year ended 30 June 2007 as consolidated into the results of Metorex Limited. On 31 July 2007 Barberton became a 74% owned subsidiary of Pan African. The results of Barberton for the year to 30 June 2007, as reported by Metorex were as follows: 2007 2006 Tons milled (t) 330,367 313,779 Headgrade (g/t) 9.2 10.7 Overall recovery % 92 92 Produced (kg) 2,800 3,088 Sold (kg) 2,786 3,108 Average spot (R/kg) 148,230 108,683 price: hedge (R/kg) 96,088 90,047 Total cash cost/ (R/kg) 107,656 88,177 kg sold EBITDA (R`000) 79,965 58,291 Capital (R`000) 22,834 12,487 expenditure Depreciation (R`000) 30,056 24,452 For further information please contact: Pan African Resources Jan Nelson, CEO +27 (0) 11 777 7840 Colin Bird, Chairman +44 (0) 207 584 215 Ambrian Partners Limited Richard Brown +44 (0) 20 7776 6417 Richard Greenfield +44 (0) 20 7776 6418 Macquarie First South Corporate Finance (Pty) Limited Amanda Markman +27 (0) 11 343 2307 Done Hattingh +27 (0) 11 343 2308 Parkgreen Communications Justine Howarth +44 (0) 207 493 3713 Or visit www.panafricanresources.com Date: 11/09/2007 14:33:27 Supplied by www.sharenet.co.za 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.

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