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Market: AIM
Sector: General Mining - Gold
EPIC: GDP
Latest Price: 11.50p  (-1.12% Descending)
52-week High: 15.38p
52-week Low: 10.00p
Market Cap: 19.31M
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Goldplat
www.goldplat.com
Goldplat plc is an AIM-listed gold company with production and advanced exploration assets across Africa. Its strategy is to consolidate its position as a gold producer in Africa and build itself into a mid-tier gold company.
Full Goldplat profile here
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Goldplat announces first gold pour from Kilimapesa mine in Kenya

17th Jan 2012, 8:10 am by Giles Gwinnett The first smelt resulted in a 12.4kg (399 ounces) gold bullion bar, which which has now been sold to Rand Refinery Ltd in South Africa, the company said

Africa focused producer Goldplat (LON:GDP) reached a milestone, as it announced the first gold pour from the wholly owned Kilimapesa mine in Kenya.

The first smelt resulted in a 12.4kg (399 ounces) gold bullion bar, which which has now been sold to Rand Refinery Ltd in South Africa, the company said.

It comes after Goldplat has succesfully commissioned the elution plant, which enables Kilimapesa to produce gold bullion at the site on an ongoing basis.

Full underground exploration and development has now resumed at Kilimapesa and the company is now focused on increasing the JORC compliant resource towards 500,000 ounces of gold.

The firm also wants to increase the plant's capacity and planning is also progressing, it said.

Goldplat CEO Demetri Manolis said: "Kilimapesa's first gold pour marks a significant milestone for both the company and Kenya as we continue to develop the country's first gold project to have received a mining licence into a profitable mining operation.

"In addition, we have a defined development programme in place to expand the resource base towards the 500,000 ounce mark and increase gold production towards 10,000 ounces per annum."

The modest Kilimapesa mine currently has a JORC gold resource of around 129,000 ounces.  The deposit remains open at depth and along strike, and there is huge potential for expansion.
 
Goldplat's assets include two gold recovery operations in South Africa and Ghana which take by-products from mining and processes them to recover gold. Total production for 2011 was around 28,000 ounces of the precious metal.

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