REG-Pan African Resources Plc: Update on Environmental Permitting for Elikhulu <Origin Href="QuoteRef">PAFR.L</Origin>

Pan African ResourcesAnnouncement

25/08/2017 08:20

Pan African Resources PLC

(“Pan African Resources” or “the Company” or “the Group”)

(Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000)

Share code on AIM: PAF

Share code on JSE: PAN

ISIN: GB0004300496

UPDATE ON ENVIRONMENTAL PERMITTING FOR THE ELIKHULU TAILINGS RETREATMENT
PROJECT (“ELIKHULU”)

Pan African Resources is pleased to advise that the Integrated Water Use
Licence for Elikhulu has been granted by the Department of Water and
Sanitation, for a period of 20 years. Furthermore, the Integrated
Environmental Authorisation has also been issued in terms of the National
Environmental Management Act 107 of 1998. All environmental regulatory permits
are therefore in place to commence construction of Elikhulu.

Cobus Loots, Chief executive officer commented, “The granting of the
environmental permitting for Elikhulu is the final regulatory approval
required for the construction of Elikhulu. Elikhulu is scheduled to produce
first gold in the final quarter of the 2018 calendar year and expected to
produce approximately 50,000 ounces per annum for the next 13 years, at an
all-in sustaining cost of less than US$550/oz.

 
Elikhulu’s capital expenditure of approximately R1.7 billion (approximately
US$130 million) is a substantial investment in the South African mining
industry and is expected to contribute materially to economic development and
employment in the Mpumalanga province.”

For further information on Pan African Resources, please visit the Company’s
website at www.panafricanresources.com

25 August 2017

Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa

Office:   + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240

Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom

Office:   + 44 (0) 20 7796 8644
Facsimile: + 44 (0) 20 7796 8645
 

 Cobus Loots                            Deon Louw                                
 Pan African Resources PLC              Pan African Resources PLC                
 Chief Executive Officer                Financial Director                       
 Office: + 27 (0) 11 243 2900           Office: + 27 (0) 11 243 2900             
                                                                                 
                                                                                 
                                                                                 
 Phil Dexter                            John Prior / Paul Gillam                 
 St James's Corporate Services Limited  Numis Securities Limited                 
 Company Secretary                      Nominated Adviser and Joint Broker       
 Office: + 44 (0) 20 7796 8644          Office: +44 (0) 20 7260 1000             
                                                                                 
 Sholto Simpson                         Matthew Armitt / Ross Allister           
 One Capital                            Peel Hunt LLP                            
 JSE Sponsor                            Joint Broker                             
 Office: + 27 (0) 11 550 5009           Office: +44 (0) 20 7418 8900             
                                                                                 
 Julian Gwillim                         Jeffrey Couch/Neil Haycock/Thomas Rider  
 Aprio Strategic Communications         BMO Capital Markets Limited              
 Public & Investor Relations SA         Joint Broker                             
 Office: +27 (0)11 880 0037             Office: +44 (0) 20 7236 1010             
                                                                                 
 Bobby Morse/Chris Judd                                                          
 Buchanan Communications                                                         
 Public & Investor Relations UK                                                  
 Office: +44 (0) 207 466 5000                                                    

www.panafricanresources.com



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