Goldplat plc ( Goldplat or the Company )
Managing Director Appointment Gold Recovery Operations
Goldplat plc, the AIM quoted
gold producer focussed in Africa, is pleased to
announce the appointment of Dr Robert Pitts Smith as
Managing Director of its Gold Recovery division, comprising Goldplat
Recovery (Pty) Limited in South Africa and Gold Recovery Ghana Limited in
Ghana. This appointment will allow the Company s CEO, Demetri
Manolis, to concentrate his efforts on Goldplat s mine development and exploration activities.
It is the intention to appoint Robert Pitts Smith to Goldplat
s board in due course.
Robert has been working with Demetri Manolis in the recovery of precious metals since 1979 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.
Goldplat CEO Demetri Manolis said, I am delighted to announce Robert s
appointment as Managing Director of our two gold recovery operations in South
Africa and Ghana,
for which he has had day to day management responsibility for several
years. With his experience, I believe Robert is ideally suited to drive
both the efficiency and profitability of our operations. With the
exploration and development of gold mining projects central to our growth
strategy of becoming a mid tier gold producer, I will
be focussing on advancing our prospective Nyieme gold project in Burkina Faso, Banka Gold Project in
Ghana and Kilimapesa gold mine in Kenya, as well as
evaluating new opportunities from which to acquire new gold projects to expand
our already solid asset base.
* * ENDS * *
For further information visit www.goldplat.com or contact:
Demetri Manolis
|
Goldplat plc
|
Tel: +27 (0) 11 423 1203
|
James Joyce
|
WH Ireland Limited
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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 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 entered into a Memorandum of Agreement
with Gulf Coast Resources Inc ( Gulf
), a Canadian mining company for the acquisition 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.
Felicity Edwards
St Brides Media and Finance Ltd
Chaucer House
38 Bow Lane
London
EC4M 9AY
Tel: +44 (0) 207 236
1177
Mob: +44 (0) 7748
843871
Fax: +44 (0) 207 236
1188
Email:
felicity@sbmf.co.uk
Web: www.stbridesmedia.co.uk