Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
23 October 2017
Goldplat plc ('Goldplat' or 'the Company')
Result of AGM
Goldplat, the AIM quoted gold producer with international gold recovery operations located in South Africa and Ghana and a gold mine in Kenya, is pleased to announce that all resolutions were duly passed at the Company's Annual General Meeting held earlier today.
** ENDS **
For further information visit www.goldplat.com, follow on Twitter @GoldPlatPlc or contact:
| Gerard Kisbey-Green | Goldplat plc (CEO) | Tel: +27 (71) 8915775 |
| Colin Aaronson / Jen Clarke/ Daniel Bush | Grant Thornton UK LLP (Nominated Adviser) | Tel: +44 (0) 20 7383 5100 |
| Andrew Raca / Justin McKeegan | VSA Capital Limited (Broker) | Tel: +44 (0) 20 3005 5000 |
| Charlotte Page / Susie Geliher | St Brides Partners Ltd (Financial PR) | Tel: +44 (0) 20 7236 1177 |
About Goldplat
Goldplat plc is an AIM quoted gold producer with two market leading recovery operations in South Africa and Ghana and an operational gold mine in Kenya. The Company produced 42,857 ounces of gold during FY 2017, with 40,285 gold equivalent ounces sold and transferred, resulting in an operating profit from continuing operations of £2.9m for the year. This result does not benefit from the increased processing capacity that was achieved at the Kilimapesa Gold Mine towards the end of FY 2017, with operational profitability achieved during last two months of FY 2017. Accordingly, the Company believes it is well placed to build upon production and profitability during FY 2018.
The Company's strategy is focussed on utilising cash flow generated from its flagship gold recovery and mining operations to self-fund the sustainable growth and expansion of its niche gold recovery business model internationally. The Company is also committed to increasing its primary mining production output through acquisition / gaining interests in producing or near-production assets, preferably in Africa. Goldplat retains exposure to a small exploration project in Ghana, in which Ashanti Gold Corp. is earning an interest via an earn-in option agreement.