11th Sep 2007 12:09
Pan African Resources PLC11 September 2007 11 September 2007 Pan African Resources PLC ('Pan African' or the 'Company') Corporate Presentation Pan African is pleased to announce that its new corporate presentation is nowavailable to download from the Company's web site: www.panafricanresources.comunder the heading 'Press Section'. The corporate presentation makes specific reference to the reviewed, provisionalresults of Barberton Mines Limited ('Barberton') for the year ended 30 June 2007as consolidated into the results of Metorex Limited. On 31 July 2007 Barbertonbecame a 74% owned subsidiary of Pan African. The results of Barberton for the year to 30 June 2007, as reported by Metorexwere as follows: 2007 2006 Tons milled (t) 330,367 313,779Headgrade (g/t) 9.2 10.7Overall recovery % 92 92Produced (kg) 2,800 3,088Sold (kg) 2,786 3,108Average price: spot (R/kg) 148,230 108,683 hedge (R/kg) 96,088 90,047Total cash cost/ kg sold (R/kg) 107,656 88,177EBITDA (R'000) 79,965 58,291Capital expenditure (R'000) 22,834 12,487Depreciation (R'000) 30,056 24,452 For further information please contact: Pan African ResourcesJan Nelson, CEO +27 (0) 11 777 7840 Colin Bird, Chairman +44 (0) 207 584 2155 Or visit www.panafricanresources.com Ambrian Partners Limited Richard Brown +44 (0) 20 7776 6417Richard Greenfield +44 (0) 20 7776 6418 Macquarie First South Corporate Finance (Pty) Limited Amanda Markman +27 (0) 11 343 2307Done Hattingh +27 (0) 11 343 2308 Parkgreen CommunicationsJustine Howarth +44 (0) 207 493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pan African Resources