First Gold Pour at Kenyan Gold Project

 
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: [phone] 
 
Ewan Leggat/Katy Birkin      Fairfax I.S. PLC          Tel: [phone] 
 
 
Felicity Edwards             St Brides Media & Finance Tel: [phone] 
                             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 
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Source: Goldplat plc via Thomson Reuters ONE 
 
[HUG#1577980]