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Mozambique Govt Awards Mining Licence on Manica...
Mozambique Govt Awards Mining Licence on Manica....
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \n Pan African Resources PLC \n\n (`Pan African' or the `Company') \n\n(Incorporated and registered in England and Wales under Companies Act 1985 with\n registered number 3937466 on 25 February 2000) \n\n Share code on AIM: PAF / JSE: PAN \n\n ISIN: GB0004300496 \n\n Mozambique Government Awards Mining Licence on Manica Project \n\nPan African Resources, the African focused precious metals producer, has been\nawarded a mining licence on its Manica exploration project (\"Manica Project\")\nby the Mozambican government. The licence, which was converted from a\nprospecting licence, grants Pan African the opportunity to move the Manica\nProject to development stage.\n\nThe pre-feasibility study in respect of the Manica Project relating to mining\nthe oxide and some of the sulphide bearing mineralised material was completed\non schedule in December 2010. A detailed pre-feasibility study is being\ncompleted on the remainder of the sulphide bearing mineralised material, which\nwill include a detailed three dimensional underground mine design. This study\nis expected to be completed during Q2 of 2011 and results of both studies will\nbe published towards the beginning of Q3 of 2011.\n\nJan Nelson, Chief Executive of Pan African commented: \"We are pleased to have\nbeen awarded this mining licence on the Manica Project as well as with the\noverall progress on the project to date. Once the pre-feasibility study is\ncompleted, we will be in a position to review how we move the project forward.\"\n\n ENDS \n\nFor further information on Pan African Resources plc, please visit the website\nat www.panafricanresources.com\n\nSouth Africa UK \n \nPan African RBC Capital Markets \n \nJan Nelson, Chief Executive Officer Martin Eales \n \n+27 (0) 11 243 2900 +44 (0) 20 7653 4000 \n \nPan African St James's Corporate Services \n Limited \nNicole Sprujit \n Phil Dexter \n+27 (0) 11 243 2900 \n +44 (0) 20 7499 3916 \n \nMacquarie First South Advisers (Pty) Ltd Gable Communications \n \nMelanie de Nysschen / Yvette Labuschagne / Justine James \nAnnerie Britz \n +44 (0) 20 7193 7463 \n+27 (0) 11 583 2000 \n +44 (0) 7525 324431\n ","length":3634,"tagName":"div"}]