- Pan African Resources said results from exploration drilling at its Royal Sheba project in South Africa had exceeded expectations.

Royal Sheba's total mineral resources were declared and independently signed off by consultancy SRK at 0.8m ounces.

A definitive feasibility study was progressing well and expected to be completed in February 2019, the company said.

At 9:27am: [LON:PAF] Pan African Resources PLC share price was +0.28p at 8.43p

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