Pan African Phoenix Project Increased Reserves to 469 000 oz.
Mining junior, Pan African Resources PLC (AIM: PAF, JSE: PAN) has reported that its Phoenix platinum project reserves of platinum palladium, rhodium and gold, or four-element platinum-group metals (4E PGM) has been increased to 469 000 oz.
Pan African CEO Jan Nelson is quoted saying:
“In addition, the drilling program underpins the high quality of the asset, and will further enhance the operating margin of the project and increase the value to Pan African’s bottom line.”
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Thu, May 27, 2010
Post by Mike Rodger, Platinum Reporter