your initial deposit *subject to change and depends on individual circumstances.
Goldplat is a profitable, African gold producer and exploration company with five primary assets including three mining and development projects in Kenya, Burkina Faso and Ghana, and two profitable gold recovery operations in South Africa and Ghana. It is registered on AIM trading under the symbol GDP.
RNS Release - Director Appointment
Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
7 July 2011
Goldplat plc ('Goldplat' or 'the Company')
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 in Chemical Engineering and a MSc in business
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
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
* * ENDS * *
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
Felicity Edwards St Brides Media & Finance Ltd Tel: +44 (0)20 7236 1177
Hugo de Salis 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.
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Source: Goldplat plc via Thomson Reuters ONE