Operational Update: Increased Elution Capacity
©
Goldplat plc, the AIM listed African gold producer, has announced that the first of the 4 tonne Elution Columns acquired from DRD Gold has been successfully commissioned at Goldplat Recovery Pty Limited.
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.”
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.