Pan African Resources PLC

Pan African Resources PLC Organogram

Pan African Resources PLC is the holding company for a mining group focused on gold production in South Africa. Operations include: • Barberton Mines - A long-life, high-grade operation comprising three underground mines: Fairview, Sheba and Consort - (LOM) 18-20 years • Barberton Tailings Retreatment Plant (BTRP) - The plant was completed in June 2013 and adds high-margin and low-risk ounces to production - (LOM) 3 years (current surface sources, excludes Royal Sheba material) • Evander Mines (Underground Mining Operations) - Extraction of the 8 Shaft pillar and the development of the 24, 25, and 26 Level high-grade areas at Evander Mines - (LOM 13 years) • Evander Mines (Surface Resources) - Purchases gold-bearing material from third parties - leveraging the excess capacity of Evander Mines’ metallurgical plants. • Mogale Tailing Retreatment Project (MTR Project) - A plant is being constructed to process gold tailings deposited onto the Mogale Gold and MSC TSFs. - (LOM 20 Years) • Egoli project - A drilling programme and feasibility study were completed in September and November 2017, respectively. Dewatering following the phased development approach has commenced. The Egoli project will be developed as a project independent of Evander Mines’ underground operation - (LOM 9 years) • Elikhulu Tailings Retreatment Plant - This plant exploits tailings deposited on the Kinross, Leslie/Bracken, and Winkelhaak tailings storage facilities (TSFs) in Evander. It commenced production in 2018 - (LOM) 10 years • Rolspruit project - is a down-dip extension of the same Kinross payshoot currently being exploited at 8 Shaft. The project is located immediately west-north-west of the 8 Shaft - (LOM 29 years)