Operational Update: Increased Elution Capacity <Origin Href="QuoteRef">GLDP.L</Origin>

GoldplatAnnouncement

18/11/2015 07:00

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration 
 18 November 2015 
 Goldplat plc ('Goldplat' or 'the Company') 
 Operational Update: Increased Elution Capacity 
 
 Goldplat plc, the AIM listed African gold producer, is pleased to announce
that the first of the 4 tonne Elution Columns acquired from DRD Gold  has
been successfully commissioned at Goldplat Recovery Pty Limited ('GPL') . 
 
 The completion of this project, on schedule, is an important milestone in
Goldplat's turnaround strategy and will enable the Company to clear the
remainder of the backlog gold inventory, improve the cash position, and
provide capacity for increased future production. 
 
 Decisions remain to be taken as to the timing and location of the
installation of the remaining two 4-tonne elution columns also purchased from
DRD Gold, with one likely to be moved to the Company's gold recovery operation
in Ghana during 2016.  
 
 Gerard Kisbey-Green, CEO of Goldplat plc commented: "The increase in our
elution capacity to an average daily throughput rate of 8 tonnes per day
supports Goldplat's strategy to capture more of the gold recovery value chain
in-house and completes another significant capital project.  I am again proud
of the team for the good work done and look forward to tracking the success of
this increased elution capacity as we look to increase gold production and
revenues for the Company." 
 
 ** ENDS ** 
 
 For further information visit www.goldplat.com or contact: 
 
  Gerard Kisbey-Green, CEO                   Goldplat plc                      Tel: +27 (71) 8915775       
  Ewan Leggat/Jeff Keating              SP Angel Corporate Finance LLP    Tel: +44 (0) 20 3470 0470   
  Andrew Raca/Justin McKeegan               VSA Capital                       Tel: + 44 (0)20 3005 5000   
  Felicity Winkles /Charlotte Heap           St Brides Partners Ltd            Tel: +44 (0) 20 7236 1177   
 Goldplat plc, is an AIM-listed gold recovery services company with two market
leading operations in South Africa and Ghana. The Company's strategy is
focussed on utilising its cash flow generated from flagship gold recovery
operations in Africa to self-fund sustainable growth and expansion of niche
gold recovery business model. The Company also has a small gold mining and
exploration portfolio in Kenya, Burkina Faso and Ghana and is evaluating
various opportunities to create value or monetise these assets. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: Goldplat plc via Globenewswire 
 HUG#1967442