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Pan African Resources PLC (PAF)

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Monday 17 October, 2011

Pan African Resources PLC

Cold commissioning commences at Phoenix Platinum


17 October 2011

                                                                               

                           Pan African Resources PLC                           

                ('Pan African' 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                               

                                                                               

                                                                               

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."

                                                                               

                                     ENDS                                      

                                                                               

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

 

 

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