Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
26 January 2012
Goldplat plc ('Goldplat' or 'the Company')
Second Gold Pour at Kenyan Gold Project
Goldplat plc, the AIM quoted gold producer, is pleased to announce that it has
poured its second gold from its wholly owned Kilimapesa Gold Mine in Kenya
('Kilimapesa'), following the successful commissioning of the Elution Plant.
The second smelt produced an 11.4 kg (366 ounces) gold dor© bar (approximately
75-77% purity with the balance comprising circa 20% silver plus unspecified
impurities), which has now been sold to Rand Refinery Limited in South Africa.
The Company will continue to smelt and produce gold from existing stockpiles at
Kilimapesa on a weekly basis and once all stockpiles have been depleted,
smelting and gold production from the mine will occur on an ongoing monthly
basis.
Goldplat CEO Demetri Manolis said, "We are delighted to report on our second
gold pour from our Kilimapesa mining project in Kenya. Smelting and production
of gold from our existing stockpiles of loaded carbon is continuing in line with
management's expectations with gold sales positively impacting our bottom line
in FY2012."
* * ENDS * *
For further information visitwww.goldplat.com or contact:
Demetri Manolis, CEO Goldplat plc Tel: +27 (0) 11 423 1203
Ewan Leggat/Katy Birkin Fairfax I.S. PLC Tel: +44 (0) 20 7598 5368
Felicity Edwards St Brides Media & Finance Tel: +44 (0)20 7236 1177
Ltd
Notes
Goldplat plc, which has a market cap of circa £19 million, is an AIM-listed
profitable, debt free gold producer and mine development company focussed in
Africa, which has a strong cash position of in excess of £4.59 million as at 31
December 2011. The Company has a solid portfolio of assets including two gold
recovery operations in South Africa and Ghana, which recover precious metal from
by-products of the mining process such as woodchips, fine carbon and waste
grease. For the FY 2011 these operations produced circa 28,000 ounces of gold.
Goldplat also has a producing gold mine in Kenya and two brownfield gold
development projects in Ghana and Burkina Faso with near term resource upgrade
potential from which it aims to delineate in excess of 1 million ounces of
resources by H1 2012. In line with this, the Company has implemented defined
exploration and development programmes across each of its projects with a view
to developing multiple profitable mining operations in the near to medium term.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Goldplat plc via Thomson Reuters ONE
[HUG#1580141]
You are here: research