First Gold Pour at Kenyan Gold Project
17 January 2012 - 6:00PM
UK Regulatory
TIDMGDP
Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
17 January 2012
Goldplat plc ('Goldplat' or 'the Company')
First Gold Pour at Kenyan Gold Project
Goldplat plc, the AIM quoted gold producer, is delighted to announce that it has
poured the first gold from its wholly owned Kilimapesa Gold Mine in Kenya
('Kilimapesa'), following the successful commissioning of the Elution Plant.
The Elution Plant enables Kilimapesa to smelt and produce gold bullion on site
on an ongoing basis. The initial smelt produced a 12.4kg (399 ounces) gold
bullion bar which has now been sold to Rand Refinery Limited in South Africa.
Kilimapesa has now resumed full underground exploration and development
operations as well as focussing on increasing the JORC resource at the project
towards 500,000 ounces of gold. Planning is also progressing well to increase
the plant capacity to 3,000 tonnes per month.
Goldplat CEO Demetri Manolis said, "Kilimapesa's first gold pour marks a
significant milestone for both the Company and Kenya as we continue to develop
the country's first gold project to have received a mining licence into a
profitable mining operation. In addition, we have a defined development
programme in place to expand the resource base towards the 500,000 ounce mark
and increase gold production towards 10,000 ounces per annum.
"Finally, I would like to take this opportunity to acknowledge with appreciation
the support we have received from Ministry officials of the Government of Kenya
and in particular the Minister for Environment and Mineral Resources Hon. John
N. Michuki."
Qualified Person
This announcement has been reviewed by Mr. Mark Austin, the group geologist for
Goldplat who has more than 25 years of relevant experience in the field of
activity concerned. He is a fellow of the Geological Society of South Africa
('GSSA') and has consented to the inclusion of the material in the form and
context in which it appears.
* * ENDS * *
For further information visit www.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 is an AIM-listed profitable, debt free gold producer and mine
development company focussed on Africa. The Company has a solid portfolio of
assets which includes two gold recovery operations in South Africa and Ghana
which takes by-products from the mining process and processes them to recover
gold. Total production for FY 2011 was c.28,000 ounces of gold. In addition,
Goldplat has a producing gold mine in Kenya and two brownfield gold development
projects in Ghana and Burkina Faso with near term resource upgrade and
production potential.
Goldplat aims to have delineated in excess of 1 million ounces of resources from
its three gold mining development projects by H1 2012. In line with this, the
Company has implemented defined exploration and development programmes across
each of its projects with the view of 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
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