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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 completes second gold pour from Kilimapesa

26th Jan 2012, 8:18 am by Philip Whiterow The second smelt produced an 11.4 kg (366 ounces) gold doré bar of approximately 75-77% purity.

Africa-focused gold miner Goldplat (LON:GDP) has poured its second gold from the Kilimapesa mine in Kenya after successful commissioning of the elution plant.

The second smelt produced an 11.4 kg (366 ounces) gold doré bar of approximately 75-77% purity with the balance comprising about 20% silver. The bar was sold to Rand Refinery Limited in South Africa. 

Goldplat added it will continue to smelt and produce gold from existing stockpiles at Kilimapesa on a weekly basis.

Once the stockpile has been used up smelting and gold production from the mine will occur on a monthly basis.

Goldplat chief executive Demetri Manolis said: "We are delighted to report on our second gold pour from our Kilimapesa mining project in Kenya.” 

“Smelting and production of gold from our existing stockpiles of loaded carbon is continuing in line with management's expectations with gold sales positively impacting our bottom line in FY2012."

Shares in Goldplat rose by 0.25p today to 13.5p and have risen by almost 40% over the past two weeks on the strong newsflow from the company.

On Monday, Goldplat predicted it would easily exceed the 28,185 ounces gold produced in its previous financial year over the current twelve months.

The miner is also planning more exploration drilling at Kilimapesa and its other prospects at Anumso in Ghana and Nyieme in Burkina Faso.

The company is aiming to expand its total resource base towards 1 million ounces in the first half of 2012.

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