Goldplat plc Modification To Option Terms Between Ashanti Gold And Goldplat For The Anumso Gold Project

 
TIDMGDP 
 
   Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration 
 
   16 January 2018 
 
   Goldplat plc ('Goldplat' or 'the Company') 
 
   Modification to option Terms between Ashanti Gold and Goldplat for the 
Anumso Gold Project 
 
   Goldplat, the AIM quoted gold producer with international gold recovery 
operations located in South Africa and Ghana and a gold mine in Kenya, 
notes the announcement by Ashanti Gold Corp. ("Ashanti") (TSXV: AGZ) of 
15 January 2018 and confirms that it has agreed to extend the option 
period, within which Ashanti can acquire 75 per cent. of Goldplat's 
interest in the Anumso Gold Project in Ghana ("Anumso"). 
 
   Ashanti now has until 31 October 2018 to earn an initial 51 per cent. of 
Goldplat's interest in Anumso upon the expenditure of US$1.5m. An 
additional 24 per cent. interest can be earned through expenditure of an 
additional US$1.5m in the following 12 months. 
 
   Ashanti continues its soil sample programme to test for gold anomalies 
along the 10km of known conglomerate outcropping within the 29.6 km(2) 
licence area.  Further announcements will be made in due course. 
 
   ** ENDS ** 
 
   For further information visit www.goldplat.com, follow on Twitter 
@GoldPlatPlc or contact: 
 
 
 
 
Gerard Kisbey-Green        Goldplat plc              Tel: [phone] 
                            (CEO) 
Colin Aaronson / Jen       Grant Thornton UK LLP     Tel: [phone] 
Clarke/ Daniel Bush        (Nominated Adviser) 
Andrew Raca / Justin       VSA Capital Limited       Tel: [phone] 
McKeegan                    (Broker) 
Charlotte Page / Susie     St Brides Partners Ltd    Tel: [phone] 
Geliher                     (Financial PR) 
 
   About Goldplat 
 
 
   Goldplat plc is an AIM quoted gold producer with two market leading 
recovery operations in South Africa and Ghana and an operational gold 
mine in Kenya.   The Company produced 42,857 ounces of gold during FY 
2017, with 40,285 gold equivalent ounces sold and transferred, resulting 
in an operating profit from continuing operations of GBP2.9m for the 
year.  This result does not benefit from the increased processing 
capacity that was achieved at the Kilimapesa Gold Mine towards the end 
of FY 2017, with operational profitability achieved during last two 
months of FY 2017.  Accordingly, the Company believes it is well placed 
to build upon production and profitability during FY 2018. 
 
   The Company's strategy is focussed on utilising cash flow generated from 
its flagship gold recovery and mining operations to self-fund the 
sustainable growth and expansion of its niche gold recovery business 
model internationally. The Company is also committed to increasing its 
primary mining production output through acquisition / gaining interests 
in producing or near-production assets, preferably in Africa.  Goldplat 
retains exposure to a small exploration project in Ghana, in which 
Ashanti Gold Corp. is earning an interest via an earn-in option 
agreement. 
 
   About Ashanti 
 
   Further information about Ashanti may be found at its website, 
https://ashantigoldcorp.com/. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq 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 
 
 
 
 

(END) Dow Jones Newswires

January 16, 2018 02:00 ET (07:00 GMT)

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