Modification to Option Terms
Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
12 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 km2 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||CEO Goldplat plc||Tel: +27 (71) 8915775|
|Colin Aaronson / Daniel Bush||Grant Thornton UK LLP (Nominated Adviser)||Tel: +44 (0) 20 7383 5100|
|Andrew Raca / Justin McKeegan||VSA Capital Limited (Broker)||Tel: +44 (0) 20 3005 5000|
|Charlotte Page / Susie Geliher||St Brides Partners Ltd (Financial PR)||Tel: +44 (0) 20 7236 1177|
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