The company has also concluded a sale of Platinum Group Metal (PGM) concentrate deal with Western Platinum Limited for a five year period.

Pan African said that the CTRP, which has a project life of 17 years, produced its first PGM concentrate two months ahead of schedule.

Planned production on an annualised basis is estimated to be 12,200 ounces of PGM’s (240,000 tonnes per annum at an average feed grade of 3.15 g/t).