Pan African reports on its underground operations

Pan African Resources, in its Audited Results for the year ended 30 June 2025, reported that Evander Mines‘ 8 Shaft 24 and 25 Level underground expansion project made significant progress in FY25.

• The subvertical hoisting shaft commissioning at Evander Mines’ 8 Shaft underground operation was completed during January 2025, with ramp-up to its expected hoisting capacity achieved during April 2025, enabling full production from 24 and 25 Levels. Monthly production of approximately 3,850oz/month for the last two months of FY25 confirms the operation’s ability to deliver annual production of approximately 50,000oz going forward
  • Significant capital expenditure was invested to extend the LoM to sustainably add gold production of approximately 50,000oz to 60,000oz per annum for another 11 years, with development of the 24 and 25 Level mining areas being fast-tracked.

Barberton Mines

The restructuring of the underground operations was completed in May 2025, with an approximate 20% reduction in the overall Barberton Mines workforce

• At Fairview Mine, mining operations are being conducted on the 260, 261 and 262 Platforms within the high-grade Main Reef Complex (MRC) orebody. Optimisation of the Rossiter Reef mining methodology has led to improved production, reducing dilution and improving ore grades
• At Consort Mine, a revised mine plan was implemented to access higher-grade mining areas below 37 Level, which significantly enhanced operational performance.