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Pan African Resources Plc
Summary
| Project: | Barberton Mines | |
|---|---|---|
| Deposit: | Barberton Mines | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 9/20/2017 | |
| Report Code: | SAMREC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-9-2017: Pan African Resources Plc announces a Resource Estimation report for its Barberton Mines deposit at the Barberton Mines project. Updated mineral resources and ore reserves for project. This version of the Pan African Resources Mineral Resources | |
| Resources: | (Reserve, Total): 4.7Mt @ 8.37g/t Au at Mines, 13.3Mt @ 1.51g/t Au at BTRP | |
| CP/QP: | [Resources]: Barry Naicker (Internal) | |
| ABSTRACT: | This version of the Pan African Resources Mineral Resources and Mineral Reserves Report 2017 (MR&MR) conforms to the standards determined by the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (the SAMREC Code, 2016 edition) and forms part of Pan African Resources’ Integrated Annual Report, including the annual financial statements for the year ended 30 June 2017. The entire suite of documents will be available on www.panafricanresources.com in due course, following publication of Pan African Resources’ annual financial statements including a full MR&MR. The mineral resource is inclusive of the mineral reserve component, unless otherwise stated. Information in this report is presented by operation, mine or project. Matters on which detail is provided in this abridged version include regional geology, location, exploration drilling and organic mineral reserve projects. Note, rounding of numbers in this document may result in minor computational discrepancies. To meet the requirement of the SAMREC Code that the material reported as a Mineral Resource should have “reasonable and realistic prospects for eventual economic extraction”, Pan African Resources has determined an appropriate cut-off grade which has been applied to the quantified mineralised body. In determining the mineral resource cut-off grade, Pan African Resources uses a gold price of R600,000/kg. At our underground mines, the optimal cut-off is defined as the lowest grade at which an orebody can be mined such that the total profits, under a specified set of mining parameters, are maximised. The mineral resources optimiser tool that was accordingly developed in-house was applied to the mineral resource inventory. | |
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