Goldplat plc, the AIM quoted gold producer, is pleased to announce that it has appointed Dr Robert Pitts Smith to its Board as an Executive Director with immediate effect.This appointment is in line with the Company’s strategy of strengthening the Board to support and build on its solid portfolio of gold assets in Africa, and will allow the Company’s CEO, Demetri Manolis, to concentrate his efforts on Goldplat’s newly opened mine in Kenya and brownfield gold development projects in Ghana and Burkina Faso which have near term resource upgrade and production potential.
Bob acts as the Managing Director of Goldplat’s Gold Recovery division, comprising Goldplat Recovery (Pty) Limited in South Africa and Gold Recovery Ghana Limited in Ghana. He has worked with Demetri Manolis in the recovery of precious metals since 1984 and formally joined Goldplat Recovery in September 2003.He has a PhD inChemicalEngineering andaMSc inbusiness administration and was previously responsible for marketing and technical matters for the Goldplat Recovery division. Demetri Manolis will remain on hand as a consultant to both Goldplat Recovery (Pty) Limited in South Africa and Gold Recovery Ghana Limited in Ghana.
Goldplat CEO Demetri Manolis said, "I am pleased to welcome Bob to the Board and believe his experience and proven track record will be invaluable to Goldplat on both a corporate and operational level. He is ideally suited to drive both the efficiency and profitability of our gold recovery operations which generate important revenues for the Company.With the development of gold mining projects central to our growth strategy of becoming a gold mining producer, I will be focused on advancing our prospective Nyieme gold project in Burkina Faso, Banka Gold Project in Ghana and Kilimapesa gold mine in Kenya; building a targeted plus 1.5 million ounce resource base; as well as evaluating new opportunities from which to expand our already strong asset base in Africa.”
In accordance with the AIM Rules, the following information required to be disclosed is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.
Full Name and Age: Robert Pitts Smith (62) also known as Bob Smith.
Goldplat Recovery (Pty) Ltd
Goldplat Recovery Ghana Limited
Nyieme Gold Sarl
Wet Ink Design (Pty) Ltd
For further information visit www.goldplat.com or contact:
|Demetri Manolis, CEO||Goldplat plc||Tel: +27 (0) 11 423 1203|
|James Joyce||WH Ireland Limited||Tel: +44 (0) 20 7220 1666|
|David Porter||WH Ireland Limited||Tel: +44 (0) 20 7220 1666|
|Bill Sharp||Alexander David Securities Ltd||Tel: +44 (0)20 7448 9820|
|David Scott||Alexander David Securities Ltd||Tel: +44 (0)20 7448 9820|
|Felicity Edwards||St Brides Media & Finance Ltd||Tel: +44 (0)20 7236 1177|
|Isabel Crossley||St Brides Media & Finance Ltd||Tel: +44 (0)20 7236 1177|
Goldplat plc is an AIM-listed gold producer with operations in Africa . Its strategy is to consolidate its position as a gold producer in Africa and build itself into a mid-tier gold company .
The Company has two recovery businesses based in South Africa and Ghana, which, by safely disposing 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'Ivore, Senegal , the DRC and Mauritania , as well as Ghana .
Goldplat's strategy is to build itself into a mid-tier gold producer, through the acquisition of known deposits with targets of between 200,000 and one million contained ounces. Kilimapesa Gold is a wholly owned subsidiary of Goldplat and is developing the potential of the 213 sq km Lolgorien licence area located in the historically producing Migori Archaean Greenstone Belt in western Kenya . Kilimapesa Gold commenced initial production in January 2009 and an aggressive exploration and development programme resulted in a maiden JORC compliant resource being reported in October 2009.
Goldplat also has an option over the 246 sq km Nyieme Gold Project located in Burkina Faso, which includes known high-grade quartz vein structures, with drill core results showing up to 17.83 g/t gold over one metre and 11.67 g/t over five metres. A maiden resource was announced in December 2010 of 685,000 tonnes at 2.61 g/t Au for 57,501oz Au at a cut-off grade of 1.0 g/t Au for all categories but the Company hopes to increase this through further exploration.
Additionally, the Company has acquired the Banka Mining Lease, a ten year renewable mining lease for gold and associated minerals covering an area of 29 sq km located in the Amansie East and Asante Akim South Districts of the Ashanti Region of the Republic of Ghana . The Company is now implementing a defined development plan with a view to proving a JORC compliant resource.
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...
To subscribe to Goldplat's news release list please click here . . .More Info...