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PAN - Pan African - Corporate Presentation & Exploration Expenditure

Release Date: 21/09/2007 08:00
Code(s): PAN
Wrap Text

PAN - Pan African - Corporate Presentation & Exploration Expenditure 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 & Exploration Expenditure 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 `Press Section`. The corporate presentation makes specific reference to the intended exploration expenditure forecasted and approved by the board for the following two financial years. The budgeted exploration expenditure (subject to results) which is to be funded internally through cash flow from Barberton Mines is US$7.7 million (GBP 3.85 million) and is to be expended per project as follows: Manica (Mozambique): US$2.0 million Bogoin & Dekoa (CAR): US$ 1.4 million Akrokerri (Ghana): US$2.3 million Barberton (South Africa): US$2.0 million ENDS For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com Enquiries Pan African Resources Jan Nelson, CEO +27 (0) 11 777 7840 Colin Bird, Chairman +44 (0) 207 584 2155 Nicole Stoyell, Public Relations +27 (0) 11 777 7840 Parkgreen Communications Justine Howarth +44 (0) 207 493 3713 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 / Done Hattingh +27 (0) 11 343 2300 Date: 21/09/2007 08:00:10 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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