Pan African Resources

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Pan African Resources
AIM PAF
JANUARY 2006
www.panafricanresources.com
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Overview

• Gold exploration and development company with
  assets in Africa
• Exploration projects in Mozambique, Central
  African Republic and Ghana
• Strong Management Team with extensive
  understanding of African Geology and Mineral
  Deposits and substantial experience on AIM
• Technical / Management support from Pangea
  Exploration (Pty) Ltd

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PROJECT PORTFOLIO
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MOZAMBIQUE A SOLID FOUNDATION
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Manica Exploration License
Soil Geochem
Mutambarico shear zone
Andrada shear zone
IP Geophysics
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88 of mineralized zone unexplored
Mutambarico shear zone
Andrada shear zone
x 4 ?
800,000oz
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Manica Summary

• 800,000oz _at_ 4.84g/t (5.3mt) / CPR due end of
  January 2006
• Only 12 of total 22km strike-length of
  mineralized zone has been
• evaluated
• From drilling results grade width increases
  with depth
• New reef discovered parallel to original
  targeted mineralized zone
• Several additional surface to near surface
  targets identified
• from DP-DP geophysical program that could add
  to currently
• defined resource amenable to open cast
• Good infrastructure Favourable Tax Incentives

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Central African Republic the treasure chest of
Africa
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Geological Map of Central African Republic
DEKOA
AXMINs 2Moz
KILO-MOTO gt10Moz
BANGUI - CAPITAL
BOGOIN
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CAR The New Tanzania? (Size Comparison)
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Bogoin Exploration License
Borehole 20m_at_5.05g/t
5km soil anomaly
Borehole 18m_at_3.90g/t
Borehole 19m_at_17.38g/t
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Summary

• Three of best intercepts
• Over 5km strike-length
• 19m _at_ 17.38g/t
• 20m _at_ 5.05g/t
• 18m _at_ 3.9g/t
• Geochemical Soil Anomaly
• Phase 1 complete 40km
• coverage
• Anomaly 5km strike-length
• Phase 2 complete
• Coverage extended by 20km
• Phase 3 infill sampling in
• progress
• Phase 4 Follow up on new
• structures

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Ghana Rich in Gold
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Summary

• JULIE PROSPECT
• Inferred mineral resource of 3.36 mt _at_ 2.89 g/t
  Au (311 000 oz)
• JOSEPHINE PROSPECT
• Inferred mineral resource of 1.05 mt _at_ 1.82 g/t
  Au (61,400 oz)
• COLLETTE PROSPECT
• Initial drill program 12m _at_ 4.15 g/t and 8m _at_
  3.5 g/t
• Sampling and drilling program complete results
  being compiled
• FUTURE WORK Drill results, geophysical and
  geological data
• being compiled to assess next
  phase of exploration programme

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Pan African An Exciting Future
SOURCE LIFE STYLE EXTRA
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Vision

• Continue the acquisition of a portfolio of
  mineral deposits with world class potential in
  favourable areas of Africa and develop them to
  enhance shareholder value

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AIM Statistics

• Exchange
• Symbol
• Date Listed
• Shares in Issue
• Current Market Cap

• AIM
• PAF
• 14th September 2004
• 352m
• 14.02m

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Board of Directors

• Colin Bird C.Eng, FIMMM Chairman
• CEO of Jubilee plc, Managing Director of
• Lion Mining Finance Ltd.
• Jan Nelson B.Sc. (Hons). Chief Executive
  Officer
• Geologist with extensive management
• experience in the mining exploration industry.
• Nathan Steinberg FCA, FCCA, TEP Finance
  Director
• Partner at Munslows Chartered Accountants,
• Finance Director at Golden Prospect plc.
• Rob Still B.Com (Hons)., CTA, CA(SA) Non
  Executive
• Principal of Pangea Exploration, Director of
• New Africa Mining Fund.
• Hennie Blignault PhD. Non Executive
• Independent Exploration Consultant
• Group Geologist at Gold Fields

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Principal Consultants

• Anton Esterhuizen MSc. (Min. Explor.), FGSSA
  Geologist
• Managing Director of Pangea Exploration.
• Director of Tan Range Exploration.
• Andrew Sarosi MSc., BSc. Metallurgist
• Experienced metallurgical consultant.
• Technical manager of Jubilee Platinum plc.