Slide 1: Audited Annual Results 2012
People w Gr Action Results l h St Audited Annual Results n 2012 t Sus t Pr The African Focused Precious Metals Producer
Slide 2: Overview of Presentation
Overview of Presentation The African Focused Precious Metals Producer Group Results and Strategic Outlook Barberton Gold Mining Opera�ons Barberton Tailings Retreatment Project (‘BTRP’) Phoenix Pla�num Opera�ons Evander Gold Mines Outlook 2
Slide 3: Group Results & Strategic Outlook
w Gr l h St n Group Results & Strategic Outlook t Sus t Pr The African Focused Precious Metals Producer
Slide 4: Revenue
Group Results and Strategic Outlook Revenue The African Focused Precious Metals Producer 120,000 £101,068,596 100,000 £ 79,208,399 80,000 £ 68,506,394 (000) 60,000 £ £ 53,000,352 £ 39,254,557 40,000 20,000 0 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended 30 June 2008
Slide 5: Attributable Profit / Loss
Group Results and Strategic Outlook Attributable Profit / Loss The African Focused Precious Metals Producer 35,000 £29,289,872 30,000 25,000 20,000 (000) £17,168,665 £ £14,612,633 15,000 £9,429,998 10,000 £5,460,074 5,000 0 12 months ended 12 months ended 12 months ended 12 months ended 12 months en
Slide 6: Headline Earnings per Share
Group Results and Strategic Outlook Headline Earnings per Share The African Focused Precious Metals Producer 2.5 p/share 2.03 2.0 p/share 1.5 p/share 1.20 1.07 1.0 p/share 0.85 0.52 0.5 p/share 0.0 p/share 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended 30 June 2008 3
Slide 7: Group Capital
Group Results and Strategic Outlook Group Capital The African Focused Precious Metals Producer 300 000 000 253 182 424 250 000 000 213 666 072 200 000 000 ZAR 150 000 000 100 000 000 70 604 963 58 314 612 42 598 277 50 000 000 0 Year ended Year ended Year ended Year ended Year ended 30 June 2008 30
Slide 8: Key Drivers to continued Dividend Growth
Group Results and Strategic Outlook Key Drivers to continued Dividend Growth The African Focused Precious Metals Producer / &(#.amp;"")!## amp;#)(#" / &(#.# ')&( "'amp;#)(#" / (&#" "'("''(#$( / ")'#)&'(-(0")1' -&&'(&("!$#+&!"('&# & / &#)(#""&#+(#)' / #+#'(' / !&" / )&(&#)(*(-"2"-!amp;#*!"('$ "" / "2"(#&"&
Slide 9: Project Summary
Group Results and Strategic Outlook Project Summary The African Focused Precious Metals Producer Cumulative Type Operation Attributable Attributable Status Position Acquisitive Evander *Gold Mines 100,000oz 227,000oz Gold (100% attributable) (850/oz) ($ 780/oz) By September 2012* Phoenix Platinum †
Slide 10: An Integrated Business Approach
Group Results and Strategic Outlook An Integrated Business Approach The African Focused Precious Metals Producer Shareholders Communities Employees and around our business partners mining operations Arrows represent a common understanding, respect and attitude towards safe performance behaviour deli
Slide 11: Barberton
w Gr l h St n Barberton Gold Mining Operations t Sus t Pr The African Focused Precious Metals Producer
Slide 12: Barberton at a glance
Barberton Gold Mining Operations Barberton at a glance The African Focused Precious Metals Producer Name Barberton Mines (Pty) Limited Location Mpumalanga Provice Status Gold producer Holding Company Pan African Resources PLC (100% stake) Controlling Company Pan African Resources PLC Geological Sett
Slide 13: Accident Rates
Barberton Gold Mining Operations Accident Rates The African Focused Precious Metals Producer 7 6.4 6 5 4.8 4.2 4 3.26 3.1 3 2.2 2 1.7 1.1 1 0.7 0.74 0 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended 30 June 2008 30 June 2009 30 June 2010 30 June 2011 30 June 2012 Lost
Slide 14: Total Recordable Injury Frequency
Barberton Gold Mining Operations Total Recordable Injury Frequency The African Focused Precious Metals Producer 60 50.8 50 40 37.8 33.3 30 25.1 22.6 20 10 0 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended 30 June 2008 30 June 2009 30 June 2010 30 June 2011 30 June 201
Slide 15: Production Statistics
Barberton Gold Mining Operations Production Statistics The African Focused Precious Metals Producer 350,000 12 300,000 9 250,000 Headgrade (g/t) Tons milled 200,000 6 150,000 100,000 3 50,000 0 0 2008 2009 2010 2011 2012 Fairview Sheba Grade Consort Vamping Tonnes 15
Slide 16: Gold Produced
Barberton Gold Mining Operations Gold Produced The African Focused Precious Metals Producer 98,864 oz 97,483 oz 100000 95,949 oz 94,449 oz 92,043 oz 80000 oz of gold produced 60000 40000 20000 0 Year ended Year ended Year ended Year ended Year ended 30 June 2008 30 June 2009 30 June 2010 30 June 201
Slide 17: Total Cash Cost
Barberton Gold Mining Operations Total Cash Cost The African Focused Precious Metals Producer 1800 1600 1400 1200 1000 US$/oz 800 600 400 200 0 2008 2009 2010 2011 2012 Cash cost/oz Average gold price received $/oz 17
Slide 18: Cash Cost Breakdown
Barberton Gold Mining Operations Cash Cost Breakdown The African Focused Precious Metals Producer 12 months ended 12 months ended 30 June 2011 30 June 2012 4% 4% 7% 5% 11% 10% 8% 46% 9% 49% 10% 9% 15% 13% Totals: Totals: £45,345,417 £46,122,811 R503,592,598 R566,031,940 US$781 oz US$776 oz Salaries
Slide 19: Capital Expenditure
Barberton Gold Mining Operations Capital Expenditure The African Focused Precious Metals Producer 12,000 £10,739,237 10,000 8,000 £6,773,728 (000) £5,918,271 £ 6,000 £4,082,440 4,000 £2,901,790 2,000 0 Year ended Year ended Year ended Year ended Year ended 30 June 2008 30 June 2009 30 June 2010 30 J
Slide 20: Barberton Tailings Retreatment Project (BTRP)
w Gr l h St n Barberton Tailings Retreatment Project t Sus (‘BTRP’) t Pr The African Focused Precious Metals Producer
Slide 21: BTRP at a glance
Barberton Tailings Retreatment Plant (‘BTRP’) BTRP at a glance The African Focused Precious Metals Producer Name of Project Barberton Tailings Retreatment Plant Location Mpumalanga Province Status Under Construction Holding Company Barberton Mines (Pty) Limited Controlling Company Pan African Resour
Slide 22: Review of BTRP
BTRP Review of BTRP The African Focused Precious Metals Producer 22 & & & & & & & & & & & & & & & & & & & & & &&&& & & & & & & & & &
Slide 23: Project Timelines
BTRP Project Timelines The African Focused Precious Metals Producer 2012 2013 Plant Construction Progress July August September October November December January February March April May June Contract Approval Complete Process Design Complete Drawings and Design Complete Ground Breaking Complete Cer
Slide 24: BTRP
BTRP The African Focused Precious Metals Producer ! % % % % % % 24 & & & & & &
Slide 25: BTRP
BTRP The African Focused Precious Metals Producer 25 & & & & & & & & & & & &
Slide 26: Phoenix Surface Platinum Operations
w Gr l h St n Phoenix Surface Platinum Operations t Sus t Pr The African Focused Precious Metals Producer
Slide 27: Chrome Tailings Retreatment Plant
Phoenix Surface Platinum Operations Chrome Tailings Retreatment Plant The African Focused Precious Metals Producer % % % & & & & & & % % % % % % 27
Slide 28: Accident Rate
Phoenix Surface Platinum Operations Accident Rate The African Focused Precious Metals Producer 7 6 There were zero accidents 5 recorded during the period 4 shown in the graph 3 2 1 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0 Jul-11 Aug-11 Sept-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12
Slide 29: Production Statistics
Phoenix Surface Platinum Operations Production Statistics The African Focused Precious Metals Producer 25 000 23 281 5,0 21 994 4,5 19 327 20 000 18 382 4,0 15 616 3,5 Head grade (g/t) Tonnes milled 15 000 14 239 3,0 11 625 2,5 10 000 2,0 1,5 5 000 1,0 0,5 0 0,0 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 Ma
Slide 30: PGM Produced
Phoenix Surface Platinum Operations PGM Produced The African Focused Precious Metals Producer 900 777 800 705 700 587 Oz of PGMs produced 600 500 439 439 405 400 300 200 122 100 0 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Ounces produced 6E PGE oz 30
Slide 31: Capital Expenditure
Phoenix Surface Platinum Operations Capital Expenditure The African Focused Precious Metals Producer 35 000 000 31 195 245 30 000 000 25 000 000 20 000 000 ZAR 14 200 696 15 000 000 10 000 000 5 000 000 3 535 162 1 230 192 0 Q1 Q2 Q3 Q4 Capital expenditure 31
Slide 32: Evander
w Gr l h St n Evander Gold Mining Operations t Sus t Pr The African Focused Precious Metals Producer
Slide 33: Evander at a glance
Evander Gold Mining Operations Evander at a glance The African Focused Precious Metals Producer Name Evander Gold Mines Limited Location Mpumalanga Province (South Africa) Status Gold producer Holding Company Harmony Gold Mining Company (100% stake) (current) PAR offer to pruchase 100% stake Control
Slide 34: Evander Gold Mining & Operations
& & & & & Evander Gold Mining& Operations & & & & & The African Focused Precious Metals Producer !"#$%&'()*$*$+(,-'./0'*1#.*0$ 34
Slide 35: Evander
Evander Gold Mining Operations The African Focused Precious Metals Producer 35
Slide 36: Gold Produced - Evander
Evander Gold Mining Operations Gold Produced - Evander The African Focused Precious Metals Producer 140 000 119 069 118 009 120 000 108 287 96 539 100 000 87 887 80 000 Oz 60 000 40 000 20 000 0 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended 30 June 2008 30 June 2009
Slide 37: Production Statistics – Evander
Evander Gold Mining Operations Production Statistics – Evander The African Focused Precious Metals Producer 1 000 000 6 872 670 830 814 5 800 000 686 087 700 022 636 456 4 Grade 600 000 Tons 3 400 000 2 200 000 1 0 0 2008 2009 2010 2011 2012 Surface Underground Head grade 37
Slide 38: Total Cash Cost vs Average Gold Price
Evander Gold Mining Operations Total Cash Cost vs Average Gold Price The African Focused Precious Metals Producer 2 000 1 500 US$/Oz 1 000 500 0 2008 2009 2010 2011 2012 Company cash cost/Oz Average gold price received 38
Slide 39: Evander Projects – Mineral Resources & Reserves
Evander Gold Mining Operations Evander Projects – Mineral Resources & Reserves The African Focused Precious Metals Producer Mineral Resources Mineral Reserves Project Tonnes Grade Contained Tonnes Grade Contained (Mt) (g/t) Au (Moz) (Mt) (g/t) Au (Moz) E8 19.30 10.76 6.68 4.85 7.68 1.150 Rolspruit 2
Slide 40: Outlook
w Gr l h St n Outlook t Sus t Pr The African Focused Precious Metals Producer
Slide 41: Outlook
Outlook The African Focused Precious Metals Producer Conclude Manica transaction Conclude Evander transaction Successful integration of Evander into Pan African Group Stabilise feed source variability at Phoenix Platinum Complete BTRP project Maintain consistent production and grade at Barberton Gol
Slide 42: Disclaimer
Disclaimer 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 presentation has not been filed, lodged, registered or approved in any
Slide 43: Thank You
w Gr l h St n THANK YOU t Sus t Pr The African Focused Precious Metals Producer
Slide 44: Investment Case
Investment Case ! ! $ $ The African Focused Precious Metals Producer "#$%&'(%#'!)*&%! ! "#$!%&'()#$!*&&+',!($-+,.*',!#$!#..'#).(-+!/(0!*&1! ! $ $ ! &'++!)#,2!&3*45!! ! 6'*78).(*$!9'*4.25!! ! 3*$9!3(&+!#,,+.,5!#$7!.2+!! ! 2(92+,.!2(,.*'()#3!7(-(7+$7!:(+37!($!.2+!,+).*';!! ! ! ! ! ! ! ! ! ! ! ! "#$%&!
Slide 45: Evander Gold Mining Operations
Evander Gold Mining Operations The African Focused Precious Metals Producer & & & & & & 45