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Pan African Resources’ construction of the Elikhulu project remains ahead of schedule, with first gold production expected in August 2018, and full commissioning at the end of September 2018.

Pan African Resources began the construction of its R1.7 billion Elikhulu tailings retreatment project in Evander, Mpumalanga, on 25 August 2017.

Elikhulu’s capacity will be increased by 200 000 tonnes to 1.2-million tonnes per month with effect from December 2018, by incorporating the existing Evander Tailing Retreatment Plant (ETRP) throughput with the associated economies of scale and enhanced recovery benefits.

The increase in processing capacity will not affect the original construction schedule or first gold production expectations.

In conjunction with the ETRP throughput, these two surface operations, once in full production, are expected to produce more than 70 000 oz/pa.

Pan African Resources’ Barberton and surface tailings operations uniquely positions the Group as a relatively low- cost producer with long-life, quality assets and attractive organic growth prospects.

The plant is expected to produce an average of 50,000 oz of gold per year for the next 13 years.

Three existing tailings storage facilities will be reclaimed, in the following order: Kinross, Leslie-Bracken and Winkelhaak.

The three tailings facilities will, after processing, be consolidated into a single enlarged Kinross facility, thus reducing Evander Mines environmental footprint and associated environmental impact.

The low-cost, long-life Elikhulu project is fully permitted for construction and expected to reduce the Group’s average all-in cost of production.