Platinum Investing News » Pan African Phoenix Project Increased Reserves to 469 000 oz.

Pan African Phoenix Project Increased Reserves to 469 000 oz.

May 27, 2010 @ 8:18 pm In Platinum Company News

Mining junior, Pan African Resources PLC ^[1](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."

Click here to access the entire news ^[2]

Article printed from Platinum Investing News: http://platinuminvestingnews.com

URL to article: http://platinuminvestingnews.com/806-pan-african-phoenix-project-increased-reserves-to-469-000-oz.html

URLs in this post:

[1] Pan African Resources PLC : http://www.panafricanresources.com/

[2] Click here to access the entire news: http://www.miningweekly.com/article/junior-increases-resource-at-phoenix-platinum-project-2010-05-28