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PAN - Pan African Resources PLC - Cold commissioning commences at Phoenix Platinum Pan African Resources PLC (`Pan African` or the `Company` or the `Group`) Incorporated and registered in England and Wales under Companies Act 1985 with the registered number: 3937466 on 25 February 2000 Share Code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 COLD COMMISSIONING COMMENCES AT PHOENIX PLATINUM Pan African, the African focused precious metals producer announces that the Phoenix Platinum Mining (Pty) Limited (`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 Limited subsidiary, Matomo Projects (Pty) Limited, 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. Jan Nelson, Chief Executive Officer of Pan African, stated: "The success of completing the construction phase of the Phoenix CTRP within our planned timeline and within budget has surpassed our expectations and is indicative of the great teamwork of all involved. Our next goal is to complete the commissioning of the plant in order to produce our first concentrate by end December this year." For further information on Pan African Resources please visit the website at www.panafricanresources.com Johannesburg 17 October 2011 JSE Sponsor: Macquarie First South Capital (Pty) Limited Enquiries: Pan African Resources Jan Nelson, Chief Executive Officer +27 (0) 11 243 2900 Nicole Spruijt, Public Relations +27 (0) 11 243 2900 RBC Capital Markets Martin Eales / James Kelly +44 (0) 20 7029 7881 Macquarie First South Capital (Pty) Limited Melanie de Nysschen / Annerie Britz / Yvette Labuschagne +27 (0) 11 583 2000 St James`s Corporate Services Limited Phil Dexter +44 (0) 20 7499 3916 Gable Communications Justine James +44 (0)20 7193 7463 Date: 17/10/2011 08:00:07 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.
