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Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
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Pan African Resources

24hGold TrendPower© : -18

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PRODUCER

CODE : RTZ.BE

	BERLIN
€UR 0.269
04/19	09:08	-0.010
-2.54%

LSE (PAF.L)		BERLIN (RTZ.BE)
23.56	-1.24%	0.269	-2.54%

Prev close	Open	Low	High	Volume
0.276	0.269	0.269	0.269	4,900
Year l/h	YTD var.	52 week l/h	52 week var.	1 month var.
0.170 - 0.285	41.58%	0.136 - 0.285	25.70%	12.08%

Shares Oustanding	Shares Fully Diluted
2,234,687,537	-
Mkt Cap Oustanding	Mkt Cap Fully Diluted
601,130,948	-

Produces

Gold

Develops

Platinum

Explores for

Gold

Profile

Press
releases

Market
Indicators

Management

Annual
report

VALUE :
Projects & res.

RISK :
Asset profile

Last updated on : 2/1/2010

ISV to Market Cap Ratio : 126%

In situ value

508,122,000 US$

Market cap

641,274,747 US$

Market Cap / In situ value

0.79%

In situ value / Market Cap

126%

Dynamic Project Map of Pan African Resources


Legends	Company Properties

Status Information

	1	Land holding
	2	Green exploration
	3	Brown exploration
	4	Past producer
	5	Early discovery
	6	Advanced discovery
	7	Feasibility
	8	Care and maintenance
	9	Mine development
	10	Production

Country Risk Information

	1	Very low
	2	Light
	3	Moderate
	4	Important
	5	Very High

Reserves and resources of Pan African Resources

Metal	Total	Unit	Reserves			Resources					In Situ Value
			Proven	Probable	Proven and probable	Measured	Indicated	Measured and indicated	Inferred	Historic or estimated resource
Gold	5 260 437	oz	353 539	260 381	613 920	1 465 745	1 249 085	2 714 830	1 931 688		10 203 407 239 US$
Platinum	600 000	oz								600 000	508 122 000 US$

Important: Historic or Estimated Resources have not been independently verified and cannot be relied on for economic purposes.

Definitions Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources

Properties, projects
and mines

Title

Interest

Data

Status

Status Level

Country

Risk Level

Province

Trend

Resources
targeted

MANICA GOLD

Owner

100

Expl.

Mozambique

Manica

Gold

BARBERTON MINES

Owner

100

Prod.

South Africa

Mpumalanga

Gold

PHOENIX PLATINUM

Owner

100

Devpt

South Africa

North-west province

Platinum