REG - Goldplat plc - Q3 Operating Results Update & Dividend Declaration

GoldplatAnnouncement

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RNS Number : 9850E  Goldplat plc  20 May 2026

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration

20 May 2026

Goldplat plc

('Goldplat' or the 'Company')

3(rd) Quarter Operating Results update for period ended 31 March 2026

Dividend Declaration

Goldplat Plc, (AIM:GDP) the AIM listed Mining Services Group, with
international gold recovery operations located in South Africa and Ghana,
servicing the African and South American Mining Industry, is pleased to
announce an operational update for the 3(rd) quarter ended 31 March 2026
("Q3"), of the current financial year.

The two recovery operations achieved a strong combined operating profit for
the quarter of £3,855,000 (FY Q3 2025 - £694,000) (excluding listing and
head office costs, finance cost and foreign exchange gains/losses). The
finance cost and foreign exchange losses incurred in Q3 mainly related to
trading activities and resulted in a combined profit before tax excluding
listing and head office costs for Q3 of £3,429,000 (FY Q3 2025 - £769,000).

The Ghanaian operation achieved a profit before tax for Q3 of £806,000 (FY Q3
2025 - £784,000) which was supported by the operations team delivering to
plan and higher, albeit fluctuating, gold price.

The South African operation achieved a profit before tax for Q3 of £2,624,000
(FY Q3 2025 - £(15,000)) and was supported by the operations team delivering
to plan, securing once-off batches and higher albeit fluctuating gold price.

The following events have contributed to the Q3 operating results:

Gold Recovery Ghana ("GRG")

·      GRG had a productive quarter, with the focus remaining on
maximizing gold recoveries from material sourced and on site, mainly from
clients in Ghana.

·      As communicated in Q2 announcement, GRG is in process of
investing £700,000, of which £374,000 have already been incurred to improve
our processes to increase recoveries and environmental management.

·      The local Ghana beneficiation requirement has impacted all
aspects of our business, and we continue to review, update and align our
process and procedures to manage risks and maximize margins.

·      Our annual environmental permit and gold license is in process of
being renewed.

Goldplat Recovery (South Africa)

·      GPR's continued focus on sourcing and building client
relationships resulted in an increase in by-products market share and with
good volumes during Q3. These efforts, combined with solid gold recoveries
from our low-grade circuits, supported by the high gold price, resulted in a
good operating performance during Q3.

·      Although, in the short-term, the focus will be on extracting
value from the current high gold price, in the longer term the aim is to find
better visibility of supply through diversifying into other precious metals or
other type of gold resources. In the interim, visibility of supply of
low-grade soils for our milling circuits remains strong, with more than 12
months of material for processing on site and more under contract.

Tailings Storage Facility

Although the Company's TSF has previously been subjected to a resource
estimate JORC Resource (January 2016) of 81,959 ounces in 1.43m metric tonnes
(Table 1), no feasibility or economic assessment has been completed. The
ability to process and determine potential value therefore remains subject to
significant technical, regulatory, funding and execution uncertainties.

During the quarter a decision was made to find ways to take control of some of
the uncertainties quicker. These involve, taking ownership of the pipeline
application, involving consultants to assist with the pipeline application but
also with all the technical requirements around integration into DRD Gold's
current infrastructure. We believe information gathered from this, should be
sufficient to enable us enter commercial discussions with DRD Gold on
utilisation of their servitudes, plant and deposition capacity. We also
continue to evaluate methods through which we can process the TSF, as a start,
through facilities on our premises.

At the same time, we plan to update the current JORC resource and do specific
recovery analysis to provide better statistical data on gold contained and
recoverable in the TSF through planned processes and we should be in position
to update the market with an updated JORC resource by the end of October 2026.

Gold Recovery Brazil

·      We received our EPA license during April and spiral equipment
that arrived in Brazil in January 2026 has been installed and commissioned.

 

·      Sourcing in South America remains ongoing with the focus on
retaining and increasing material received from current clients and also to
increase market share in general. We continue to receive material from our
regular sources in South America with material being sent to Ghana and South
Africa for processing. In time, we will evaluate how much of this material can
be processed and handled locally in Brazil.

 

Dividend declaration

An interim dividend of £300,000 will be paid to shareholders on 12 June 2026,
with the record date being 29 May 2026 and ex-dividend date 28 May 2026. It is
the intention of the board to continue assessing and distributing of value to
shareholders on a quarterly basis.

Cash

Our cash balances in the group remained strong at £5,077,000 at the end of
Q3, with cash being held up in debtors in South Africa due to higher levels of
supply. Cash has increased since, to £9,160,000. The cash balances will
mainly be used to manage working capital requirements in the group, other
capital requirements and further shareholder distributions in future.

Werner Klingenberg, CEO of Goldplat commented: "Our operations continue to
deliver excellent results, albeit in an uncertain environment with numerous
variables, supported by increased volumes and increasing gold price.

The focus continues to be on strengthening our control over the outcome on the
TSF, maintaining and increasing market share, improving recoveries and margins
in Ghana, unlocking potential in other precious metals in South Africa and
maximising value from the current high gold price.

Operationally there is a strong sustainability focus through implementing
value adding systems and processes.

There is still significant work to be completed but all our efforts will
create a more robust business providing a niche solution to the industry it
operates in."

For further information visit www.goldplat.com, follow on X @GoldPlatGDP or
contact:

 Werner Klingenberg                                   Goldplat plc                                     Tel: +27 (0) 82 051 1071

                                                      (CEO)

 Colin Aaronson / Samantha Harrison / Ciara Donnelly  Grant Thornton UK LLP                            Tel: +44 (0) 20 7383 5100

                                                      (Nominated Adviser)
 James Bavister / Andrew de Andrade                   Zeus (Broker)                                    Tel: +44 (0) 203 829 5000

 Tim Thompson / Alison Allfrey / Fergus Mellon        Flagstaff Strategic and Investor Communications  Tel: +44 (0) 207 129 1474

                                                                                                       goldplat@flagstaffcomms.com

 

 

 

 

Table 1

Mineral Resource Estimate of the TSF, South Africa:

 Total Resource
 Domain          Class      Tonnes (Mil)  Density  Au (g/t)  Au (Oz)  U(3)O(8) (g/t)   U(3)O(8) (lbs)   Ag (g/t)  Ag (Oz)
 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

 

100% attributable to the Company.

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 assumptions and technical
parameters underpinning the Resource Estimate continue to apply and have not
materially changed, and it is not aware of any new information or data that
materially affects the estimates.

 

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.

 

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