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Pan African Resources Plc
Summary
| Project: | Barberton Mines | |
|---|---|---|
| Deposit: | Barberton Mines | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 9/21/2016 | |
| Report Code: | SAMREC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-9-2016: 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. Pan African Resources PLC (AIM: PAF, JSE: PAN), the African | |
| Resources: | (Reserve, Total): 4.9Mt @ 9.17g/t Au at Mines, 13.3Mt @ 1.46g/t Au at BTRP | |
| CP/QP: | [Resources]: Barry Naicker (Internal) | |
| ABSTRACT: | Pan African Resources PLC (AIM: PAF, JSE: PAN), the African-focused precious metals producer, is pleased to announce that the 2016 Abridged Mineral Resources and Mineral Reserves Report (“MR&MR”) is available on the company’s website at www.panafricanresources.com. A summary of the report including the group mineral resource and reserve statement as at 30 June 2016 has been provided in this report. This abridged version of the Pan African Resources Mineral Resources and Mineral Reserves Report 2016 (“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, 2007 edition) and forms part of Pan African Resources’ Integrated Annual Report including the annual financial statements for the year ended 30 June 2016. The entire suite of documents will be available in full on www.panafricanresources.com in due course, following the release of Pan African Resources’ annual financial statements including a full MR&MR. The guiding principle in the MR&MR is to ensure integrity, transparency and materiality in informing all stakeholders on the status of the group’s mineral asset base. Pan African Resources uses the SAMREC Code, which sets out the internationally recognised procedures and standards for reporting Mineral Resources and Mineral Reserves in South Africa, developed by the South African Institute of Mining and Metallurgy as the recommended guideline for reserve and resource reporting for JSE-listed companies. Distinct effort has also been made to comply with AIM Rules for Mining and Oil and Gas Companies of the London Stock Exchange. | |
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