Q3 Operating Results Update & Dividend Declaration

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
20 May 2026

Goldplat plc

('Goldplat' or the 'Company')

3rd Quarter Operating Results update for period ended 31 March 2026
Dividend Declaration

Goldplat Plc, (AIM:GDP) the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, is pleased to announce an operational update for the 3rd quarter ended 31 March 2026 ("Q3"), of the current financial year.

The two recovery operations achieved a strong combined operating profit for the quarter of £3,855,000 (FY Q3 2025 - £694,000) (excluding listing and head office costs, finance cost and foreign exchange gains/losses). The finance cost and foreign exchange losses incurred in Q3 mainly related to trading activities and resulted in a combined profit before tax excluding listing and head office costs for Q3 of £3,429,000 (FY Q3 2025 - £769,000).

The Ghanaian operation achieved a profit before tax for Q3 of £806,000 (FY Q3 2025 - £784,000) which was supported by the operations team delivering to plan and higher, albeit fluctuating, gold price.

The South African operation achieved a profit before tax for Q3 of £2,624,000 (FY Q3 2025 - £(15,000)) and was supported by the operations team delivering to plan, securing once-off batches and higher albeit fluctuating gold price.

The following events have contributed to the Q3 operating results:

Gold Recovery Ghana ("GRG")

• GRG had a productive quarter, with the focus remaining on maximizing gold recoveries from material sourced and on site, mainly from clients in Ghana.
• As communicated in Q2 announcement, GRG is in process of investing £700,000, of which £374,000 have already been incurred to improve our processes to increase recoveries and environmental management.
• The local Ghana beneficiation requirement has impacted all aspects of our business, and we continue to review, update and align our process and procedures to manage risks and maximize margins.
• Our annual environmental permit and gold license is in process of being renewed.

Goldplat Recovery (South Africa)

• GPR's continued focus on sourcing and building client relationships resulted in an increase in by-products market share and with good volumes during Q3. These efforts, combined with solid gold recoveries from our low-grade circuits, supported by the high gold price, resulted in a good operating performance during Q3.
• Although, in the short-term, the focus will be on extracting value from the current high gold price, in the longer term the aim is to find better visibility of supply through diversifying into other precious metals or other type of gold resources.
• In the interim, visibility of supply of low-grade soils for our milling circuits remains strong, with more than 12 months of material for processing on site and more under contract.

Tailings Storage Facility

Although the Company's TSF has previously been subjected to a resource estimate JORC Resource (January 2016) of 81,959 ounces in 1.43m metric tonnes (Table 1), no feasibility or economic assessment has been completed. The ability to process and determine potential value therefore remains subject to significant technical, regulatory, funding and execution uncertainties.

During the quarter a decision was made to find ways to take control of some of the uncertainties quicker. These involve, taking ownership of the pipeline application, involving consultants to assist with the pipeline application but also with all the technical requirements around integration into DRD Gold's current infrastructure.

We believe information gathered from this, should be sufficient to enable us enter commercial discussions with DRD Gold on utilisation of their servitudes, plant and deposition capacity. We also continue to evaluate methods through which we can process the TSF, as a start, through facilities on our premises.

At the same time, we plan to update the current JORC resource and do specific recovery analysis to provide better statistical data on gold contained and recoverable in the TSF through planned processes and we should be in position to update the market with an updated JORC resource by the end of October 2026.

Gold Recovery Brazil

• We received our EPA license during April and spiral equipment that arrived in Brazil in January 2026 has been installed and commissioned.
• Sourcing in South America remains ongoing with the focus on retaining and increasing material received from current clients and also to increase market share in general.
• We continue to receive material from our regular sources in South America with material being sent to Ghana and South Africa for processing.
• In time, we will evaluate how much of this material can be processed and handled locally in Brazil.

Dividend declaration

An interim dividend of £300,000 will be paid to shareholders on 12 June 2026, with the record date being 29 May 2026 and ex-dividend date 28 May 2026. It is the intention of the board to continue assessing and distributing of value to shareholders on a quarterly basis.

Cash

Our cash balances in the group remained strong at £5,077,000 at the end of Q3, with cash being held up in debtors in South Africa due to higher levels of supply. Cash has increased since, to £9,160,000. The cash balances will mainly be used to manage working capital requirements in the group, other capital requirements and further shareholder distributions in future.

Werner Klingenberg, CEO of Goldplat commented:

"Our operations continue to deliver excellent results, albeit in an uncertain environment with numerous variables, supported by increased volumes and increasing gold price.

The focus continues to be on strengthening our control over the outcome on the TSF, maintaining and increasing market share, improving recoveries and margins in Ghana, unlocking potential in other precious metals in South Africa and maximising value from the current high gold price.

Operationally there is a strong sustainability focus through implementing value adding systems and processes.

There is still significant work to be completed but all our efforts will create a more robust business providing a niche solution to the industry it operates in."

For further information visit www.goldplat.com, follow on X @GoldPlatGDP or contact:

Table 1
Mineral Resource Estimate of the TSF, South Africa:

100% attributable to the Company.

The Tailings Mineral Resource Estimate was announced in accordance with the JORC Code (2012) in a press release on 29 January 2016. Mark Austin of Applied Geology & Mining (Pty) Ltd was the Competent Person responsible for that announcement.

The Company confirms that all material assumptions and technical parameters underpinning the Resource Estimate continue to apply and have not materially changed, and it is not aware of any new information or data that materially affects the estimates.

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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