Operational Update: New Revenue Stream at GRG

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
11 December 2015
Goldplat plc ('Goldplat' or 'the Company')
Operational Update: New Revenue Stream at GRG

Goldplat plc, the AIM listed African gold producer, is pleased to announce the recent completion of two additional capital projects at its market leading gold recovery operations in South Africa and Ghana, both of which form part of the Company's ongoing strategy to improve efficiencies, reduce costs and boost revenues.

At Goldplat Recovery Pty Limited ('GPL') in South Africa, the installation of an on-site weighbridge has been completed. The weighbridge brings significant improvement to the control of material deliveries into the various treatment circuits and will yield modest operating cost savings.

At Gold Recovery Ghana ('GRG') the new shotblast facility has been installed and commissioned. The shotblast facility represents a new business activity for GRG, and provides an additional revenue stream for the Company. The procurement of suitable feed materials from third parties has already commenced.

Gerard Kisbey-Green, CEO of Goldplat plc commented: "The team continue to complete capital projects on time, in accordance with our defined development strategy.  I am particularly pleased that we have opened up a new revenue stream at GRG, which should positively impact revenue streams going forward as we remain focussed on expanding our recovery operations and capturing more of the value chain in-house."

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Goldplat plc, is an AIM-listed gold recovery services company with two market leading operations in South Africa and Ghana. The Company's strategy is focussed on utilising its cash flow generated from flagship gold recovery operations in Africa to self-fund sustainable growth and expansion of niche gold recovery business model. The Company also has a small gold mining and exploration portfolio in Kenya, Burkina Faso and Ghana and is evaluating various opportunities to create value or monetise these assets.