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Goldplat (GDP)

Sector:

Mining

Index:

FTSE AIM All-Share

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  • 52 Week High: 16.38
  • 52 Week Low: 8.75
  • Currency: UK Pounds
  • Shares Issued: 168.37m
  • Volume: 1,180,470
  • Market Cap: £15.36m
  • RiskGrade: 157
  • Beta: 0.15

Second Gold Pour at Kenyan Gold Project

    


     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] 
  

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