Pan African Resources Plc · LSE:PAF

Pan African Resources — Technical Presentation (May 2013)

54 slides from Pan African Resources's technical presentation, May 15, 2013

1. Slide 1: Evander Gold Mines Site Visit

   People ɓ ʃ w Grʝ Action Results ȫʑɠ ɼl h ȴɰ S tɪ Evander Gold Mines ɬȵɏ nɪ Site visit ʖ tʋ Sus 15 May 2013 ɏ ɬȵ ɪ £t Prɛ The African Focused Precious Metals Producer

2. Slide 2: Disclaimer

   EVANDER GOLD MINES Disclaimer A Subsidiary of Pan African Resources Plc. The African Focused Precious Metals Producer This presentation is provided on a confidential basis. The name 'Presenter' refers to Pan African Resources PLC and its advisors, subsidiaries or affiliated companies. This presentat

3. Slide 3: Aspiration

   EVANDER GOLD MINES Aspira�on A Subsidiary of Pan African Resources Plc. To secure our future By safely producing gold profitably through the effors of all our healthy people 3

4. Slide 4: Agenda

   EVANDER GOLD MINES Agenda A Subsidiary of Pan African Resources Plc. Introduc�on to the Evander Gold Mines - Regional Geology - Mineral Reserves and Resources Current Evander Opera�ons - Safety & Health - Produc�on graphs - Mining method - Local Geology - Labour informa�on Internal Growth Projects M

5. Slide 5: Introduction to the Evander Gold Mines

   EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Introduc�on to the Evander Gold Mines 5

6. Slide 6: Locality Plan

   EVANDER GOLD MINES Locality Plan A Subsidiary of Pan African Resources Plc. 6

7. Slide 7: Locality Plan

   EVANDER GOLD MINES Locality Plan A Subsidiary of Pan African Resources Plc. 7

8. Slide 8: History

   EVANDER GOLD MINES History A Subsidiary of Pan African Resources Plc. 1903 -­‐ prospec�ng was ini�ated by a syndicate, led by Sir George Farrar 1950 -­‐ drilling commenced under Union Corpora�on Ltd 1951 – the Kimberley Reef was intersected on the farm Winkelhaak 1955 – Winkelhaak Mine listed 1959 –

9. Slide 9: Total historical production

   EVANDER GOLD MINES Total historical produc�on A Subsidiary of Pan African Resources Plc. Operation Tons milled Grade Gold Gold (Mt) (g/t) (Tonnes) (Moz) Winkelhaak Mine 74.7 7.55 565 18 Kinross Mine 65.2 6.83 446 14 Leslie Mine 41.4 6.25 259 8 Bracken Mine 26.4 8.78 232 7 Total 207.9 7.22 1 502 48 9

10. Slide 10: Regional Geology

    EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Regional Geology Walter Seymore – Mineral Resources Manager 10

11. Slide 11: Regional Geology

    EVANDER GOLD MINES Regional Geology A Subsidiary of Pan African Resources Plc. 11

12. Slide 12: Regional Geology

    EVANDER GOLD MINES Regional Geology A Subsidiary of Pan African Resources Plc. 12

13. Slide 13: Section across the Evander basin

    EVANDER GOLD MINES Sec�on across the Evander basin A Subsidiary of Pan African Resources Plc. 13

14. Slide 14: Mineral reserves and resources

    EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Mineral reserves and resources 14

15. Slide 15: Mineral Reserves & Resources

    EVANDER GOLD MINES Mineral Reserves & Resources A Subsidiary of Pan African Resources Plc. Grey area indicates mined areas – 1502 tons of gold 15

16. Slide 16: Mineral Resources

    EVANDER GOLD MINES Mineral Resources A Subsidiary of Pan African Resources Plc. As at 2012 Measured Indicated Inferred Total Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Opera�ons (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (T

17. Slide 17: Mineral Reserves

    EVANDER GOLD MINES Mineral Reserves A Subsidiary of Pan African Resources Plc. As at 2012 Proved Probable Total Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Tonnes Grade Gold Ounces Opera�ons (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (Tonnes) (Moz) (Mt) (g/t) (Tonnes) (Moz) Evander 8 2 6.92 14 0.45

18. Slide 18: Current Evander Operations

    EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Current Evander Opera�ons Manny da Silva – General Manager 18

19. Slide 19: Safety

    EVANDER GOLD MINES Safety A Subsidiary of Pan African Resources Plc. 19

20. Slide 20: Safety: Lost Time Injury Frequency Rate

    Safety EVANDER GOLD MINES Lost Time Injury Frequency Rate A Subsidiary of Pan African Resources Plc. ‘LTIFR’ 20 16 12 8 4 0 2008 2009 2010 2011 2012 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD Actual 12/13 2,1 0,0 5,9 2,1 2,1 4,6 6,3 2,2 6,2 1,9 0,0 0,0 3,34 Annual 17,70 9,68 6,87 3,74 4,16

21. Slide 21: Safety: Shifts Lost Frequency Rate

    Safety EVANDER GOLD MINES Shi�s Lost Frequency Rate A Subsidiary of Pan African Resources Plc. ‘SLFR’ 900 800 700 600 500 400 300 200 100 0 2008 2009 2010 2011 2012 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD Actual 12/13 126 111 102 141 276 69 230 249 322 223 0 0 185,62 Annual 433 256 182 1

22. Slide 22: Safety: Fall Of Ground Frequency Rate

    Safety EVANDER GOLD MINES Fall Of Ground Frequency Rate A Subsidiary of Pan African Resources Plc. ‘FOGFR’ 9 8 7 6 5 4 3 2 1 0 2008 2009 2010 2011 2012 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD Actual 12/13 0,00 0,00 0,00 0,00 2,08 0,00 8,36 0,00 2,07 0,00 0,00 0,00 1,25 Annual 2,3 2 1,76

23. Slide 23: Health

    EVANDER GOLD MINES Health A Subsidiary of Pan African Resources Plc. Occupa�onal Hygiene Iden�fy and minimise environmental/workplace risk Guide risk-­‐based medical surveillance Health Workplace-­‐ & Health-­‐risk based Medical Safety surveillance Produc�on / Wealth Prevent and minimise Primary pre

24. Slide 24: Evander Health Hub

    EVANDER GOLD MINES Evander Health Hub A Subsidiary of Pan African Resources Plc. 24

25. Slide 25: Restructuring 2009 / 2010

    EVANDER GOLD MINES Restructuring 2009 / 2010 A Subsidiary of Pan African Resources Plc. B Evander operations previously running at a loss (2008 / 2009) B Evander shaft 2, 5 and 7 were closed (Dec 2009 / Jan 2010) B Evander 8 shaft was re-engineered: Ø Project started in May 2010 Ø Provide access t

26. Slide 26: Upgraded infrastructure at 8#

    EVANDER GOLD MINES Upgraded infrastructure at 8# A Subsidiary of Pan African Resources Plc. Chilled Water feed  Seismic Survey  11 L 12 L Opening up 15 lev 13 L RAW 16 to 15  14 L BAC 150 m³ Fan  5 MW 15 L 16 L RAW 17 to 16  17 L 18 L Power Supply Raise bore Hole  Compressed air 19 L 20 L Heat

27. Slide 27: Total EGM Tons ('000)

    EVANDER GOLD MINES Total EGM Tons (‘000) A Subsidiary of Pan African Resources Plc. 60 57,05 54,22 54,01 50,76 50 46,33 46,00 43,54 40 38,19 30 20 10 0 Jul-­‐12 Aug-­‐12 Sep-­‐12 Oct-­‐12 Nov-­‐12 Dec-­‐12 Jan-­‐13 Feb-­‐13 27

28. Slide 28: 8# Recovered grade (g/t)

    EVANDER GOLD MINES 8# Recovered grade (g/t) A Subsidiary of Pan African Resources Plc. 9,00 8,26 7,99 8,00 6,96 7,00 7,00 6,65 6,52 6,51 6,35 6,00 5,00 4,00 3,00 2,00 1,00 -­‐ Jul-­‐12 Aug-­‐12 Sep-­‐12 Oct-­‐12 Nov-­‐12 Dec-­‐12 Jan-­‐13 Feb-­‐13 28

29. Slide 29: S/Sources Rec grade (g/t)

    EVANDER GOLD MINES S/Sources Rec grade (g/t) A Subsidiary of Pan African Resources Plc. 1,80 1,60 1,57 1,37 1,40 1,34 1,20 1,18 1,20 1,01 1,00 0,80 0,69 0,60 0,45 0,40 0,20 -­‐ Jul-­‐12 Aug-­‐12 Sep-­‐12 Oct-­‐12 Nov-­‐12 Dec-­‐12 Jan-­‐13 Feb-­‐13 29

30. Slide 30: Total EGM Rec grade (g/t)

    EVANDER GOLD MINES Total EGM Rec grade (g/t) A Subsidiary of Pan African Resources Plc. 5,40 5,28 5,25 5,20 5,20 5,01 5,00 4,96 4,89 4,80 4,71 4,64 4,60 4,40 4,20 Jul-­‐12 Aug-­‐12 Sep-­‐12 Oct-­‐12 Nov-­‐12 Dec-­‐12 Jan-­‐13 Feb-­‐13 30

31. Slide 31: 8# Gold Produced (kg)

    EVANDER GOLD MINES 8# Gold Produced (kg) A Subsidiary of Pan African Resources Plc. 300 255,7 251,8 250,6 249,3 250 223,5 214,0 212,0 200 162,0 150 100 50 0 Jul-­‐12 Aug-­‐12 Sep-­‐12 Oct-­‐12 Nov-­‐12 Dec-­‐12 Jan-­‐13 Feb-­‐13 31

32. Slide 32: S/Sources Gold produced (kg)

    EVANDER GOLD MINES S/Sources Gold produced (kg) A Subsidiary of Pan African Resources Plc. 25,00 23,15 21,25 20,22 20,00 18,00 18,04 16,12 15,00 13,49 10,00 6,95 5,00 -­‐ Jul-­‐12 Aug-­‐12 Sep-­‐12 Oct-­‐12 Nov-­‐12 Dec-­‐12 Jan-­‐13 Feb-­‐13 32

33. Slide 33: Total EGM Gold Produced (kg)

    EVANDER GOLD MINES Total EGM Gold Produced (kg) A Subsidiary of Pan African Resources Plc. 300 270,51 268,88 265,38 263,91 250 241,53 229,59 229,88 200 177,07 150 100 50 0 Jul-­‐12 Aug-­‐12 Sep-­‐12 Oct-­‐12 Nov-­‐12 Dec-­‐12 Jan-­‐13 Feb-­‐13 33

34. Slide 34: Mining Method

    EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Mining Method 34

35. Slide 35: Mining Operation

    EVANDER GOLD MINES Mining Opera�on A Subsidiary of Pan African Resources Plc. 1st por�on of raise line mined Raise development Intermediate Travelling way 35

36. Slide 36: Mining Operation

    EVANDER GOLD MINES Mining Opera�on A Subsidiary of Pan African Resources Plc. B Conventional scraper mining B Strike and dip scraping B Mining configuration – upside down Xmas tree B Very little seismic activity B Panel length ± 25m B Stoping width ± 126cm B Pneumatic rock drills B Time blasting B D

37. Slide 37: Metallurgical Plant

    EVANDER GOLD MINES Metallurgical Plant A Subsidiary of Pan African Resources Plc. • 12 * Silos (10 * 16m) • 6 * Mills – Name plate Capacity 160 000 tpm • 5 * Thickeners (6 000m³ each) • 14 Leach tanks (834m³ each) • Treatment Sec�on (250 000 tpm) • Elu�on circuit • Gold sludge dispatched to Rand Refi

38. Slide 38: Local Geology

    EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Local Geology Walter Seymore – Mineral Resources Manager 38

39. Slide 39: Local Geology

    EVANDER GOLD MINES Local Geology A Subsidiary of Pan African Resources Plc. 39

40. Slide 40: Local Geology

    EVANDER GOLD MINES Local Geology A Subsidiary of Pan African Resources Plc. No. 2 Decline 8 Sha� 40

41. Slide 41: Local Geology

    EVANDER GOLD MINES Local Geology A Subsidiary of Pan African Resources Plc. 8 SHAFT LOM No. 2 Decline New Decline to 25 Level 41

42. Slide 42: Grade Distribution

    EVANDER GOLD MINES Grade Distribu�on A Subsidiary of Pan African Resources Plc. 8 SHAFT LOM No. 2 Decline Underground samples & Block Model (cmg/t) New Decline to 25 Level 42

43. Slide 43: Labour Information

    EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Labour Informa�on 43

44. Slide 44: Labour Information

    EVANDER GOLD MINES Labour Informa�on A Subsidiary of Pan African Resources Plc. B Labour (3087 employees and contractors): – Evander - 2272 – Contractors - 531 – Projects - 177 – Plant - 107 B Trade union representation: – National Union of Mineworkers (NUM) – approximately 2 200 members – UASA – ap

45. Slide 45: Women in mining & Employment Equity

    Women in mining & EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Employment Equity Women in Mining Occupational level Females Females % Senior Management 2 6.1% Workforce 206 8.0% Current target 10% Employment Equity Plan 2012 2014 Actual Charter Junior Management 29% 40% Middle Manag

46. Slide 46: Internal Growth Projects

    EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Internal Growth Projects 46

47. Slide 47: Internal Growth Projects

    EVANDER GOLD MINES Internal Growth Projects A Subsidiary of Pan African Resources Plc. 7# Old Gold plan - The 7# barrel is in service for 8# - Planning approximately 6 000t of vamping / old gold per month - Will contribute to decreasing the R/t cost for 8# Surface Sources - Currently busy with mill

48. Slide 48: Major Projects

    EVANDER GOLD MINES A Subsidiary of Pan African Resources Plc. Major Projects 48

49. Slide 49: Major Projects

    EVANDER GOLD MINES Major Projects A Subsidiary of Pan African Resources Plc. Underground Projects - Poplar - Evander South - Rolspruit Surface Projects - Libra (Tailings reclama�on project) 49

50. Slide 50: Major Projects – Locality Plan

    EVANDER GOLD MINES Major Projects – Locality Plan A Subsidiary of Pan African Resources Plc. 50

51. Slide 51: Major Projects: Poplar, Evander South, Rolspruit

    EVANDER GOLD MINES Major Projects A Subsidiary of Pan African Resources Plc. Poplar - Drilling programme completed – 23 holes, 77 reef intersec�ons - Resource occurs at a depth of 500 to 1300m - Total resource : 34.9 Mt at 6.2 g/t for 7.0 Moz (219t) Evander South - Drilling programme completed – 43

52. Slide 52: Major Projects cont… Libra

    EVANDER GOLD MINES Major Projects cont… A Subsidiary of Pan African Resources Plc. Libra (1 000 000t / month) - Re-­‐treatment of the tailings storage facili�es of Kinross, Leslie & Winkelhaak - Re-­‐evaluated in 2009 / 2010 - Kinross – 42 holes drilled - Leslie – 90 holes drilled included 39 sonic

53. Slide 53: Questions

    EVANDER GOLD MINES Evander Opera�ons A Subsidiary of Pan African Resources Plc. Ques�ons 53

54. Slide 54: Thank You

    ɓ ʃ w Grʝ ȫʑɠ ɼl h ȴɰ ɬȵɏ S tɪ THANK YOU nɪ ʖ tʋ Sus ɏ ɬȵ ɪ £t Prɛ The African Focused Precious Metals Producer

Pan African Resources — Technical Presentation (May 2013) on 6ix