Palladium Investing News » Pan African Increases Phoenix Resources to 15.8%

Pan African Increases Phoenix Resources to 15.8%

May 24, 2010 @ 8:37 pm In Palladium Market News

Pan African ^[1], gold mining company that produces approximately 100,000 oz per year, has announced that it would increase its resource to 15.8% in its Phoenix project to 469 000 oz of 4E PGM (platinum, palladium, rhodium and gold).

Pan African CEO Jan Nelson is quoted saying:

"The increase in the total resources, assuming a 50% recovery, extends the life of the Phoenix project from 13 years to approximately 16 years, based on a production rate of 15 000 oz PGM 4Es per annum."

Click here to access the entire news ^[2]

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URLs in this post:

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

[2] Click here to access the entire news: http://www.miningweekly.com/article/pan-african-hikes-resource-158-at-phoenix-2010-05-20