Second Gold Pour at Kenyan Gold Project

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
26 January 2012
Goldplat plc ('Goldplat' or 'the Company')
Second Gold Pour at Kenyan Gold Project

Goldplat plc, the AIM quoted gold producer, is pleased to announce that it has poured its second gold from its wholly owned Kilimapesa Gold Mine in Kenya ('Kilimapesa'), following the successful commissioning of the Elution Plant.  The second smelt produced an 11.4 kg (366 ounces) gold doré bar (approximately 75-77% purity with the balance comprising circa 20% silver plus unspecified impurities), which has now been sold to Rand Refinery Limited in South Africa.  The Company will continue to smelt and produce gold from existing stockpiles at Kilimapesa on a weekly basis and once all stockpiles have been depleted, smelting and gold production from the mine will occur on an ongoing monthly basis.

Goldplat CEO 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."  

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For further information visit www.goldplat.com or contact:

Demetri  Manolis, CEO	Goldplat plc	Tel: [phone]
Ewan Leggat/Katy Birkin	Fairfax I.S. PLC	Tel: [phone]
Felicity Edwards	St Brides Media & Finance Ltd	Tel: [phone]

Notes

Goldplat plc, which has a market cap of circa £19 million, is an AIM-listed profitable, debt free gold producer and mine development company focussed in Africa, which has a strong cash position of in excess of £4.59 million as at 31 December 2011.  The Company has a solid portfolio of assets including two gold recovery operations in South Africa and Ghana, which recover precious metal from by-products of the mining process such as woodchips, fine carbon and waste grease.  For the FY 2011 these operations produced circa 28,000 ounces of gold.  Goldplat also has a producing gold mine in Kenya and two brownfield gold development projects in Ghana and Burkina Faso with near term resource upgrade potential from which it aims to delineate in excess of 1 million ounces of resources by H1 2012.  In line with this, the Company has implemented defined exploration and development programmes across each of its projects with a view to developing multiple profitable mining operations in the near to medium term.  

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Source: Goldplat plc via Thomson Reuters ONE

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