Goldplat plc Grant of Water Use License (0597P)
16 June 2022 - 04:00PM
UK Regulatory (RNS & others)
TIDMGDP
RNS Number : 0597P
Goldplat plc
16 June 2022
G ol dp lat plc / Ti cker: GDP / Index: AIM / Secto r: M in i ng
& E x p l o rati on
16 June 2022
Goldplat plc
( 'Goldplat', t he 'Group' or 'the Company ')
Grant of Water Use License
Goldplat plc, the AIM listed gold producer, with international
gold recovery operations located in South Africa and Ghana, is
pleased to announce the grant of its Water Use License in South
Africa.
The Department of Water and Sanitation of the Republic of South
Africa has authorised the water use by Goldplat Recovery (Pty)
Limited (a subsidiary of the Group in South Africa), which includes
the abstraction and use of water in its recovery processes and the
impact of its disposal of tailings on a new tailings' storage
facility ("TSF"), according to the conditions set out in the
license, which is valid for 12 years.
The new TSF, which is adjacent to the current TSF, will be
constructed over the next four months at a remaining cost of
GBP350,000. The new TSF is expected to have sufficient capacity to
store the tailings we will produce in our current operations for
the next seven years.
The new TSF will also allow us to divert all deposition from the
current facility, which will provide us with the ability of
processing the current facility to recover the JORC resource of an
estimated 81,959 ounces of gold (Table 1) through a third-party
facility. To enable us to process the current TSF through a
third-party facility, we will require approval to install a
pipeline to this third-party processing facility and will need to
finalise commercial agreements with the third-party. We expect to
receive this approval by the end of the current calendar year.
Werner Klingenberg, CEO of Goldplat commented: "I want to
congratulate and thank the whole team that have been involved in
ensuring we develop the necessary water use management plan and
work with authorities to get the water use license authorised, and
I am extremely pleased with the authorisation received. The license
is not just the first step towards the processing of our current
TSF, but an integral part to our South African operation to deliver
on our future plans. The water use management plan will also ensure
good governance in regards with water use and its impact on the
surroundings.
For further i n fo rmat i on v i s it www .g o ld p lat.com, f o
l l ow on Twitter @GoldPlatGDP or contact:
Werner Klingenberg Goldplat plc Tel: +27 (0) 82 051 1071
(CEO)
Colin Aaronson / George Grant Thornton UK LLP Tel: +44 (0) 20 7383
Grainger / Samuel Littler (Nominated Adviser) 5100
Jessica Cave / Andrew WH Ireland Limited Tel: +44 (0) 207 220
de Andrade (Broker) 1666
Tim Thompson / Mark Edwards Flagstaff Strategic and Tel: +44 (0) 207 129
/ Fergus Mellon Investor Communications 1474
goldplat@flagstaffcomms.com
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
Table 1
Mineral Resource Estimate of the Tailings Storage Facility,
South Africa
Total Resource
Domain Class Tonnes Density Au (g/t) Au (Oz) U(3) O(8) U(3) O(8) Ag (g/t) Ag (Oz)
(Mil) (g/t) (lbs)
----------- ------------ -------- --------- -------- ----------- ----------- --------- --------
TOTAL
RESOURCE Measured 0.87 1.32 1.82 50,907 61.41 117,754 4.85 135,573
----------- ------------ -------- --------- -------- ----------- ----------- --------- --------
Indicated 0.49 1.37 1.77 27,897 59.73 64,506 4.71 74,165
------------------------- ------------ -------- --------- -------- ----------- ----------- --------- --------
Inferred 0.07 1.30 1.4 3,154 71.40 11,016 2.82 6,356
------------------------- ------------ -------- --------- -------- ----------- ----------- --------- --------
Grand Total 1.43 1.34 1.78 81,959 61.32 193,276 4.70 216,094
------------ -------- --------- -------- ----------- ----------- --------- --------
The Tailings Mineral Resource Estimate was announced in
accordance with the JORC Code (2012) in a press release on 29
January 2016. Mark Austin of Applied Geology & Mining (Pty)
Ltd. was the Competent Person responsible for that announcement.
The Company confirms that all material assumption and technical
parameters underpinning the Resource Estimate continue to apply and
have not materially changed.
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END
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