Goldplat plc, the AIM listed gold producer , held its Annual General Meeting today and all resolutions were duly passed.
At the meeting, Goldplat Chairman, Brian Moritz, made the following statement:
"During the year we have made considerable progress in advancing our three primary gold assets across Africa . Our first mining project, Kilimapesa Gold in Kenya , is due to commence production in Q4 this year following the accumulation of stockpiles to feed the newly refurbished processing plant where we invested US$500,000. O ur South African and Ghanaian gold recovery plants are performing buoyantly with revenues steadily increasing and we doubled our pre-tax profits to £1,624,000 for FY 2007-08."
"I believe that Goldplat is now ideally placed to build upon its successes to realise its true potential in becoming a gold mining house with a solid portfolio of producing assets across Africa . In line with this, we are actively looking to expand our asset base through the acquisition of known deposits with targets of between 200,000 and one million ounces of gold contained. In line with this we are currently evaluating targets in South Africa , Mozambique , Ghana and Kenya . In addition, we plan to develop further gold recovery businesses to capitalise on our position as market leader. Currently we are evaluating opportunities in Tanzania and Zambia and we look forward to updating the market in due course."
For further information visit www.goldplat.com or contact:
Demetri Manolis, CEO Goldplat plc, Tel: +27 11 423 1203, Mob: +27 82 454 7392
James Joyce WH Ireland Limited, Tel: +44 (0)20 7220 1666
Isabel Crossley St Brides Media & Finance Ltd, Tel: +44 (0)20 7242 4477
Goldplat plc is an AIM-listed gold producer with operations in Africa . Its strategy is to create a mid-tier mining house focused on gold production leveraged through revenue generated from its gold recovery businesses.
The Company has two recovery business based in South African and Ghana, which, by safely disposing of mining by-products, fulfil an important aspect of the mines' environmental management programmes. The South African plant is located near the centre of the East Rand Goldfield and raw material feedstocks are sourced from many of the major South African mining companies including Anglogold Ashanti, Goldfields, Harmony, DRD Gold and other smaller producers,. The Ghana plant, located in the free port of Tema, provides access to raw materials from mines in Mali , Guinea , Burkina Faso , Benin , Cote D'Ivorie, Senegal , the DRC and Mauritania , as well as Ghana.
Goldplat has expanded into gold mining through the acquisition of known deposits with targets of between 200,000 and one million ounces of ore contained. To this end, in a 50/50 JV, it is developing the potential of the highly prospective 213 sq km Lolgorien licence area located in the historically producing Migori Archaean Greenstone Belt in western Kenya , which is scheduled to commence production Q4 2008. A number of other potential projects across Africa are under review.
Goldplat is a profitable, African gold recovery services company . . .More info...
Goldplat has two profitable gold recovery businesses in South Africa and Ghana . . .More info...
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