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Pan African commences production at Barberton Tailings Retreatment Project
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered
number 3937466 on 25 February 2000)
AIM Code: PAF / JSE Code: PAN
ISIN: GB0004300496
("Pan African")
Pan African commences production at Barberton Tailings Retreatment Project
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.
Ron Holding, joint interim CEO commented: “We are proud to have commissioned this project on
schedule and within budget. The achievement reaffirms our ability to deliver on our development
plans at our operations. It also demonstrates the potential for future success of our other organic
growth projects at Barberton and Evander.”
Johannesburg
1 July 2013
JSE Sponsor
One Capital
Enquiries:
South Africa UK
Pan African Resources Canaccord Genuity Limited – Nomad and Joint Broker
Mr Cobus Loots Andrew Chubb / Peter Stewart / Joe Weaving
Non-executive director and +44 (0) 20 7523 8350
Joint Interim Chief Executive Officer
+27 (0) 11 305 8900
Mr Ron Holding finnCap Limited – Joint Broker
Chief Operating Officer and Elizabeth Johnson / Joanna Weaving
Joint Interim Chief Executive Officer +44 (0) 20 7220 0500
+27 (0) 11 243 2900
One Capital St James’s Corporate Services Limited
Sholto Simpson / Megan Young Phil Dexter
+27 (0) 11 550 5000 +44 (0) 20 7499 3916
Vestor Investor Relations Gable Communications
Louise Brugman Justine James
+27 (0) 11 787 3015 / +27 83 504 1186 +44 (0) 20 7193 7463 / +44 (0) 7525 324431
For further information on Pan African, please visit the website at www.panafricanresources.com
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