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Pan African reports significant boost to resource at Royal Sheba project

Cobus Loots, chief executive of Pan African Resources plc (LON:PAF), tells Proactive's Andrew Scott they've more than doubled the mineral resource estimate at their Royal Sheba gold project in South Africa after results from the latest round of drilling exceeded expectations.

Pan African now reckons the orebody is host to 0.9mln ounces of gold – a 150% increase on its previous estimate of 0.36mln ounces.

Quick facts: Pan African Resources plc

Price: 11.9 GBX

AIM:PAF
Market: AIM
Market Cap: £229.47 m
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