Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
22 July 2010
Goldplat plc ('Goldplat' or 'the Company')
Kenya Mining Lease Update
Goldplat plc, the AIM quoted gold producer, is pleased to announce that the
Commissioner of Mines and Geology in Kenya, has confirmed that all the relevant
documentation required for a Mining Lease to be granted for the Company's
operations at the Kilimapesa Hill gold mining project ('Kilimapesa Project') has
been approved. Â The only outstanding requirement is the formality of the
issuance of a Mining Right number from the Director of Survey. Â The Commissioner
of Mines and Geology has committed to giving the necessary assistance to
Kilimapesa Gold (Pty) Limited ('Kilimapesa Gold'), in order to be able to
fast-track the Mining Lease issue. The Commissioner stated that, "the Kenyan
Government is very positive about the granting of the Mining Lease to Kilimapesa
Gold and views this as the start of a new era for the gold mining industry in
Kenya."
The management of Kilimapesa Gold has started preparations for the up scaling of
its operations in readiness for the Mining Lease. Goldplat CEO Demetri Manolis
said, "This is fantastic news for the Company and we are delighted that we will
now be able to bring the Kilimapesa Project into production. Importantly we have
developed a strong relationship with the Ministry of Mines and Geology, who I
would like to thank for their assistance, and look forward to aiding the country
in developing its resource industry."
* * 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
Chris Fielding 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
Notes:
Goldplat 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 highly profitable mid-tier gold company, leveraged through revenue
generated from its gold recovery businesses.
The Company has two recovery businesses based in South Africa and Ghana
producing circa 21,000 ounces of gold per year. These safely dispose of mining
by-products, and 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'Ivorie, Senegal, the DRC and Mauritania, as well as
Ghana.
Goldplat is looking to increase its asset base through the acquisition of known
deposits with targets of between 200,000 and one million contained ounces. Â To
this end, it is developing two projects; its wholly owned Kilimapesa Gold mining
project, located in the historically producing Migori Archaean Greenstone Belt
in western Kenya and the prospective 246 sq km Nyieme Project in Burkina Faso
with a view to establishing a mining operation in the short term. Kilimapesa
Gold commenced initial production in January 2009 and has announced an initial
JORC-compliant resource of 1.65Mt at 2.44 g/t Au for 129,000 oz Au at a cut-off
grade of 1 g/t Au for all categories.
[HUG#1433323]
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Goldplat plc via Thomson Reuters ONE
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