03 Jun - 3 min read

Renewal of Barberton Mines’ mining rights

Renewal of Barberton Mines’ mining rights

Pan African Resources PLC
(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
ADR ticker code: PAFRY
(Pan African or the Company or the Group)


RENEWAL OF BARBERTON MINES’ MINING RIGHTS

Pan African is pleased to inform shareholders that the South African Department of Mineral
Resources and Energy (DMRE) has granted the renewal of the Company’s Barberton Mining Rights
for a period of 30 years.

Official notification of the grant of the renewal in terms of section 24 of the Mineral and Petroleum
Resources Development Act, 2002 (Act 28 of 2002) (MPRDA) was received by the Group on 1 June
2021, and comprises renewals of the mining rights for the Fairview, New Consort and Sheba Mines
(all of Pan African’s Barberton mining rights).

The renewal applications submitted by the Company included detailed technical reports and mine
works programmes that support mining at the Barberton operations for the 30-year renewal period.

Pan African CEO Cobus Loots commented:

“Our exploration and mining teams at Barberton have made exceptional progress over the past years,
applying modern exploration, development and mining techniques to increase underground gold
production and the lives of our mining operations. We view the granting of the mining right renewals
by the DMRE for a 30-year period as an endorsement of our efforts and operations.

As one of the largest employers in the Barberton area, Pan African has invested significantly in, and
will continue to invest in community and ESG initiatives, including community infrastructure and large
scale agriculture projects that improves the lives of our stakeholders and the economic sustainability
of the region.”



The information contained in this update is the responsibility of the Pan African board of directors
and has not been reviewed or reported on by the Group’s external auditors.



Rosebank

3 June 2021



This announcement contains inside information.

For further information on Pan African and its ESG initiatives, please visit the Company's website at
www.panafricanresources.com
Contact information

Corporate Office                                 Registered Office

The Firs Office Building                         Suite 31

2nd Floor, Office 204                            Second Floor

Cnr. Cradock and Biermann Avenues                107 Cheapside

Rosebank, Johannesburg                           London

South Africa                                     EC2V 6DN

Office: + 27 (0)11 243 2900                      United Kingdom

info@paf.co.za                                   Office: + 44 (0)20 7796 8644

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/Jane Kirton                          Ross Allister/David McKeown

St James's Corporate Services Limited            Peel Hunt LLP

Company Secretary                                Nominated Adviser and Joint Broker

Office: + 44 (0)20 7796 8644                     Office: +44 (0)20 7418 8900

Ciska Kloppers                                   Thomas Rider/ Nick Macann

Questco Corporate Advisory Proprietary Limited   BMO Capital Markets Limited

JSE Sponsor                                      Joint Broker

Office: + 27 (0)11 011 9200                      Office: +44 (0)20 7236 1010

Hethen Hira                                      Website: www.panafricanresources.com
Pan African Resources PLC

Head: Investor Relations
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za

Date: 03-06-2021 07:57:00
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