Pan African Resources Plc Update on Environmental Permitting for Elikhulu

 
TIDMPAF 
 
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: [phone] 
 
Sholto Simpson                               Matthew Armitt / Ross Allister 
 
One Capital                                  Peel Hunt LLP 
 
JSE Sponsor                                  Joint Broker 
 
Office: + 27 (0) 11 550 5009                 Office: [phone] 
 
Julian Gwillim                               Jeffrey Couch/Neil Haycock/Thomas Rider 
 
Aprio Strategic Communications               BMO Capital Markets Limited 
 
Public & Investor Relations SA               Joint Broker 
 
Office: [phone]                   Office: [phone] 
 
Bobby Morse/Chris Judd 
 
Buchanan Communications 
 
Public & Investor Relations UK 
 
Office: [phone] 
 
www.panafricanresources.com 
 
 
 
END 
 

(END) Dow Jones Newswires

August 25, 2017 03:15 ET (07:15 GMT)