Goldplat plc Ops Update

 
TIDMGDP 
 
   Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration 
 
   26 April 2019 
 
   Goldplat plc ('Goldplat' or 'the Company') 
 
   Operational Update 
 
   Goldplat plc, the AIM listed gold producer, with international gold 
recovery operations based in South Africa and Ghana and a gold mine in 
Kenya, is pleased to announce an operational update for the three months 
ended 31 March 2019 (the 'Quarter'). 
 
   Overview 
 
 
   -- 7,078 ounces of gold and gold equivalents was sold and transferred during 
      the Quarter, compared to 6,751 ounces during the 3rd Quarter of 2018. 
 
   -- The production in South Africa during the Quarter was as per plan and 
      progress continues to be made in building the greater West African 
      market. 
 
 
 
 
Gold Equivalent Ounces 
----------------------------------------- 
for the month period ending 31 March 2019 
 
 
 
 
 
 
 
Goldplat Plc 
-- Group           3rd Qtr         3rd Qtr         9 Months      Year ending 
--------------  --------------  --------------  --------------  -------------- 
                    Actual          Actual          Actual          Actual 
                --------------  --------------  --------------  -------------- 
                    Mar-19          Mar-18          Mar-19          Jun-18 
                --------------  --------------  --------------  -------------- 
                  Equivalent      Equivalent      Equivalent      Equivalent 
                     Gold            Gold            Gold            Gold 
                --------------  --------------  --------------  -------------- 
                      Oz              Oz              Oz              Oz 
--------------  --------------  --------------  --------------  -------------- 
Gold 
Equivalent 
Production 
--------------  --------------  --------------  --------------  -------------- 
 
Goldplat 
 Recovery 
 (Pty) Ltd               5 012           4 533          16 297          23 567 
--------------  --------------  --------------  --------------  -------------- 
Gold Recovery 
 Ghana Ltd               1 254           1 192           3 697           6 752 
--------------  --------------  --------------  --------------  -------------- 
Kilimapesa 
 Gold (Pty) 
 Ltd                       569           1 241           2 627           5 112 
--------------  --------------  --------------  --------------  -------------- 
Total                    6 835           6 966          22 621          35 431 
--------------  --------------  --------------  --------------  -------------- 
 
Gold 
Equivalent 
Sold 
--------------  --------------  --------------  --------------  -------------- 
 
Goldplat 
 Recovery 
 (Pty) Ltd               4 266           3 852          13 236          21 059 
--------------  --------------  --------------  --------------  -------------- 
Gold Recovery 
 Ghana Ltd               1 113             339           3 042           8 010 
--------------  --------------  --------------  --------------  -------------- 
Kilimapesa 
 Gold (Pty) 
 Ltd                       639           1 380           2 922           5 112 
--------------  --------------  --------------  --------------  -------------- 
Total                    6 018           5 571          19 200          34 181 
--------------  --------------  --------------  --------------  -------------- 
 
Gold 
Equivalent 
Transferred 
--------------  --------------  --------------  --------------  -------------- 
 
Goldplat 
 Recovery 
 (Pty) Ltd               1 060           1 180           3 471           5 219 
--------------  --------------  --------------  --------------  -------------- 
Total                    1 060           1 180           3 471           5 219 
--------------  --------------  --------------  --------------  -------------- 
 
Gold 
Equivalent 
Sold and 
Transferred 
--------------  --------------  --------------  --------------  -------------- 
 
Goldplat 
 Recovery 
 (Pty) Ltd               5 326           5 032          16 707          26 278 
--------------  --------------  --------------  --------------  -------------- 
Gold Recovery 
 Ghana Ltd               1 113             339           3 042           8 010 
--------------  --------------  --------------  --------------  -------------- 
Kilimapesa 
 Gold (Pty) 
 Ltd                       639           1 380           2 922           5 112 
--------------  --------------  --------------  --------------  -------------- 
Total                    7 078           6 751          22 671          39 400 
--------------  --------------  --------------  --------------  -------------- 
 
 
 
   Goldplat Recovery (Pty) Ltd ('GPL'), South Africa 
 
 
   -- During the Quarter, GPL produced 5,012 ounces of gold and gold 
      equivalents with 4,266 ounces of gold sold for own account and 1,060 
      ounces transferred to clients. 
 
   -- Apart from lower production in the by-product circuits in the month of 
      March 2019, all circuits performed according to plan. 
 
   -- The focus remains on sourcing of material, specifically for the CIL 
      circuits, although GPL has 18 months of material available for processing 
      on site. 
 
   -- With the current Tailings Storage Facility (TSF) nearing the end of life, 
      the securing of West Pit 3 for final deposition is becoming more 
      critical. The Company has other land available for deposition and will 
      seek approval for deposition on this site concurrently. 
 
 
   Goldplat Recovery Ghana ('GRG'), Ghana 
 
 
   -- GRG produced 1,254 ounces of gold and gold equivalents, with 1,113 ounces 
      of gold being sold for own account during the Quarter. 
 
   -- Production continues to improve from levels experienced in Q1, supported 
      by renewal of two local contracts. 
 
   -- GRG is continuing to build a market in the greater West Africa region 
      with positive progress in terms of negotiations with clients and 
      governments being made. 
 
 
   Kilimapesa Gold ('KPG') 
 
 
   -- KPG produced 569 ounces of gold and gold equivalents, with 639 ounces of 
      gold sold for own account during the Quarter. 
 
   -- Production for the Quarter was in line with revised plans aimed at 
      reducing losses while continuing production during discussions to secure 
      financing. 
 
   -- Discussions regarding a potential transaction remain ongoing. 
      Disappointingly, the possible transaction referred to in the previous 
      quarterly update was terminated, but other possibilities are still being 
      aggressively pursued. 
 
 
   Werner Klingenberg, CEO of Goldplat plc, commented: "We were very 
pleased with continued profitable production in South Africa during the 
quarter and the progress made in building the greater West African 
market. Management's continued priority will be to maintain the 
established momentum of the recovery operation and improve the 
reliability of sourcing material." 
 
   "While the ongoing discussions to find Kilimapesa an external funding 
partner, referred to in the last quarter, were terminated, Management is 
already engaged in talks with other parties and we hope to update the 
market as they progress." 
 
   ** ENDS ** 
 
   For further information visit www.goldplat.com, follow on Twitter 
@GoldPlatPlc or contact: 
 
 
 
 
Werner Klingenberg           Goldplat plc            Tel: [phone] 
                              (Interim CEO) 
Colin Aaronson / Richard     Grant Thornton UK LLP   Tel: [phone] 
Tonthat / Ben Roberts         (Nominated Adviser) 
James Joyce / Jessica Cave   WH Ireland Limited      Tel: [phone] 
                              (Broker) 
Priit Piip                   St Brides Partners Ltd  Tel: [phone] 
                              (Financial PR) 
 
 
   The information contained within this announcement is deemed to 
constitute inside information as stipulated under the Market Abuse 
Regulations (EU) No. 596/2014. Upon the publication of this announcement, 
this inside information is now considered to be in the public domain. 
 
 
 
 

(END) Dow Jones Newswires

April 26, 2019 02:05 ET (06:05 GMT)

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