Operational Update: New Revenue Stream at GRG <Origin Href="QuoteRef">GLDP.L</Origin>

GoldplatAnnouncement

11/12/2015 07:10

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration 
 11 December 2015 
 Goldplat plc ('Goldplat' or 'the Company') 
 Operational Update: New Revenue Stream at GRG 
 
 Goldplat plc, the AIM listed African gold producer, is pleased to announce
the recent completion of two additional capital projects at its market leading
gold recovery operations in South Africa and Ghana, both of which form part of
the Company's ongoing strategy to improve efficiencies, reduce costs and boost
revenues. 
 
 At Goldplat Recovery Pty Limited ('GPL') in South Africa, the installation of
an on-site weighbridge has been completed. The weighbridge brings significant
improvement to the control of material deliveries into the various treatment
circuits and will yield modest operating cost savings. 
 
 At Gold Recovery Ghana ('GRG') the new shotblast facility has been installed
and commissioned. The shotblast facility represents a new business activity
for GRG, and provides an additional revenue stream for the Company. The
procurement of suitable feed materials from third parties has already
commenced. 
 
 Gerard Kisbey-Green, CEO of Goldplat plc commented: "The team continue to
complete capital projects on time, in accordance with our defined development
strategy.  I am particularly pleased that we have opened up a new revenue
stream at GRG, which should positively impact revenue streams going forward as
we remain focussed on expanding our recovery operations and capturing more of
the value chain in-house." 
 
 ** 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#1972861