Goldplat Share Discussion Threads

[discodave4] 04/12/2018 10:05

Morning sea.Good debate on the ramping thread, thanks.You are spot on, nothing has changed, management cannot deliver on stated deadlines. Tbh sea it's so unprofessional, they give a date then fail miserably, time and time again.

[sea7] 04/12/2018 09:45

A decision has been made to put Kilimapesa mine on care and maintenance if a suitable partner for the required expansion is not found by the end of November 2018. There has been good progress in finding the funds necessary to expand production to a sustainably profitable level, which would require no further funding from the Group.

............

as we have heard nothing, then nothing has changed as yet.

[russman] 04/12/2018 09:32

Considering the end of November deadline has passed.
We should at the very least get an update on Kili or a revised deadline.
Or are we waiting for the next trading update.
I await any developments.

[sea7] 04/12/2018 09:20

Nope - need rns confirmation of that decision taking place. There may still be discussions taking place, which mean the mine is still operational at this time.

[shareholder7] 04/12/2018 09:09

I assume Kili is now on care and maintenance

[sea7] 04/12/2018 08:46

Grow up rodson - you are a very boring and very lonely individual.

[russman] 03/12/2018 18:30

& why do you think I started another thread.

[kimboy2] 03/12/2018 13:53

Just get a bigger pump

[sea7] 03/12/2018 13:39

The big factor in the west pit usage, is the diameter of the pipeline used to pump the residue from the processing into it. That will have a big impact on determining how much can be processed at any one time.

[kimboy2] 03/12/2018 12:41

I believe that the west pit option would involve about 100kt pa which would make it a 15 year or so operation. The attributable post tax profit could be around £1m pa.

If this could be done in a couple of years by a third party then all well and good but it would depend how much the profitability was reduced.

They could always borrow against this income stream as it would be pretty reliable income with the only real variable being gold prices.

[sea7] 03/12/2018 09:54

To be honest DD, my own views on the TSF processing were...

process on site into west pit 3
install necessary kit to optimise recovery based on research and studies, in conjunction with stellenbosch uni.
build pipeline from TSF to processing plant and then to west pit three - all on site.

process at a recovery rate of about 5k ozs per year, giving a "life of mine" of about 6-10 years, possibly more.

nice, steady income stream, to complement the existing production.

GKG cannot spend vast amounts of cash on a massive processing plant, as the TSF is a one off job. It needs a bespoke circuit that may be an addition to the existing kit.
The only justification for a larger processing plant, is if they are going to enter the tailings business full time, which they are not, as they cannot compete with the existing players, who dwarf them in size already and have the firepower to secure assets and process using volume, that goldplat simply cannot match or even hope to compete with.

[sea7] 03/12/2018 09:26

Five years ago - DRD were getting a recovery rate of 40%.

[sea7] 03/12/2018 09:13

Extract..

Late last year, Mintek demonstrated its Retreatment Flowsheet for Au and Uranium Tailings (Reflaut) at Gold Fields' South Deep mine. This process removes gold, along with sulphites and radioactive uranium, from tail­ings, thereby reducing the mineral content that leads to acid mine drainage. The tailings are processed through a flotation circuit, which separates concentrates, generating a liquid made up of gold solids, uranium and sulphites.

and

Stephen Joseph, head of metallurgy at Gold Fields' South Deep, says the mine has two dormant tailings facilities with a reserve of approximately 50 million tons. 'We are currently reclaiming these dams but at a low rate of 50 000 tons per month. We use the existing plant circuit, which is a leach carbon­ in-pulp circuit to recover gold from the tailings.'

Joseph says the project will take in excess of 15 years to reach completion, depending on the route followed for further treatment. With regard to what will happen once the work is complete, he says the soil below the dams will be rehabilitated to restore the land back to its original use, which is farming.

[sea7] 03/12/2018 08:50

Possibly or a pipeline if not too far away

[sea7] 03/12/2018 08:28

The clue was in the op update 're existing plan of processing onsite, of inferring that the alternative is off site

[kimboy2] 03/12/2018 08:16

Clearly this third party isn't straightforward otherwise GDP would have done it already.

They obviously have some fairly large standalone machinery. We don't know if it needs modification or updating, which would add to the capex.

[sea7] 03/12/2018 08:03

op and trading update 30th July 2018

Focus continues on optimising the recovery of gold from the Tailings Storage Facility ('TSF'), which contains a total of 81,959 ounces of gold, earmarked for future reprocessing. During the Quarter an alternative option for reprocessing and final deposition of the TSF was explored, yielding encouraging results, where the rate of reprocessing can be significantly increased. This alternative option will be further investigated in parallel with the existing plan of reprocessing the TSF onsite and final deposition into West Pit 3.