You are in: World Edition Home > Mining Companies > Company Details > Goldplat Plc
Eskay Mining Corp

Subscribing Companies

Unique access to mining investors. Global distribution of company news.
Find out more »

67th Minesite Forum

April 13th 2010

Forthcoming events in Paris, Zurich and Geneva.
Find out more »

RSSRSS Updates

Get the latest news as it happens.
Sign up here »

Weekly Newsletter

Informed comment & independent new.
Sign up here »

Bulletin Board

Join other informed investors & debate mining companies.
Visit the boards »

Webcast

Listen to Minesite Forum Webcasts with synchronised PowerPoint slides.
Find out more »

STOP PRESS:

Company Information for Goldplat Plc

Company stock charts - 6 Month chart

Exchange AIM; GDP


View full financial data

Company Statement

Goldplat is focused on building a mid-tier gold mining and production vehicle in Africa, partially financed by an established gold and platinum group metals recovery business with blue-chip clients and strong revenues.

Our Business
Goldplat's business consists of two divisions - an established and profitable precious metals recovery business and a junior gold mining business.

Goldplat, through its wholly owned subsidiary Goldplat Recovery, is a market leader in the recovery of gold and platinum group metals from metallurgically-challenging materials consisting primarily of by-products from gold and platinum mines.

Goldplat Recovery's plant in South Africa is near the centre of the East Rand Goldfield. Raw material feedstocks are sourced from many of the major South African mining companies.

Goldplat , through its wholly owned subsidiary Gold Recovery Ghana Limited, has established a processing plant in Tema, Ghana to process the by-products from the West African gold producing regions. Extensions to the plant will be completed before the end of 2007 and by the middle of 2008 the plant will be in full production.

Goldplat is now entering the junior gold mining sector in Africa in order to take advantage of its many years of experience in this field. It is evaluating opportunities with a view to utilizing the cash flows generated from the by-product processing operations.

Key Strengths

  • Profitable producer of gold and PGM
  • Strong supply relationships with leading gold mines
  • Management team experienced in recovery of gold and PGMs from by-products and in gold mining.
  • Established processing facility with contracts to acquire material for processing - stockpile with estimated two years of production
  • Strategically located plants in close proximity to major mines

Our Vision
Our vision is to expand our gold and PGM recovery operations to become a leading junior mining house within the African continent. The income generated is being applied to partially finance identification and acquisition of gold mining assets with resources of up to two million ounces. In essence, the aim is to assist in building a gold mining and production vehicle in Africa, which is partially financed by an established business with blue chip clients and strong revenues.

Potential
Goldplats flagship operation is in South Africa, which has an established blue chip client base. To diversify, a new plant is being built in Ghana to service Africa's second largest gold producer as well as those of Guinea and Mali. Mali is Africa's fourth largest producer while Guinea is sixth. The new operation will be ideally placed to access these significant markets which are relatively untapped and show promising signs for growth. However the Company will is now focused on gold production primarily in the two million oz bracket where the Company can fully utilize its expertise.

Company Diagram

Company Structure


Current Operations

Goldplat Recovery
Goldplat's flagship operation is in South Africa , where it has built a reputation over more than 25 years as a market leader with the ability to extract precious metals from numerous mining waste products.

Its technology provides an economic method for mines to dispose of waste materials while at the same time adhering to their environmental obligations.

To diversify, a new plant has been built in Ghana to service Africa's second largest gold producer as well as those of Guinea and Mali.

Over more than 25 years Goldplat Recovery has built up a substantial blue-chip supplier base that includes all the major names of the African mining industry, including Anglogold Ashanti , Goldfields, Harmony, and Lonmin. The Company's plant, strategically located on a 22-hectare freehold site in the mining district east of Johannesburg , has five lines for processing gold bearing material.

Goldplat's PGM treatment plant has similar flexibility in its ability to process a variety of materials. The supply of materials for processing is guaranteed as long as mining continues - and it has already accumulated around two years of feed material.

Gold Recovery Ghana
Goldplat has replicated its successful South African recovery business model in Ghana where there are significant mining operations that can benefit from the recovery process.

Gold Recovery Ghana services the West African gold producers in Ghana, Mali, Tanzania, Guinea, Burkina Faso, Benin, Ivory Coast, Senegal, DRC and Mauritania, accessing significant markets that are relatively untapped and showing promising signs for growth.

The operating plant, on a six-acre site in the Tema export processing zone in Ghana , has agreements with a number of leading mining companies.

Gold Mining
The Company's long-term aim is to focus on gold mining and production, primarily in the 300 000 ounce to two million ounce bracket, where the Company can fully utilize its expertise.

Its strategy is to rapidly enter the junior gold mining sector in Africa to take advantage of the management team's many years of combined experience in this field. The directors believe the Company is ideally placed to gain resources too small to be of interest to the major mining companies.

The focus will be on proven gold resources - between 300,000 oz and two million oz, avoiding greenfield exploration. Goldplat will take a balanced risk approach by using cash flows from its existing processing operations to fund development of mining projects.

Africa will remain the Company's focus, which is where Goldplat has considerable expertise and where the greatest resource potential lies. Currently it has under review a number of opportunities in Mozambique , Ghana , Kenya , and South Africa.

Lolgorien Joint Venture , Kenya
Goldplat, in a joint venture with International Gold Exploration AB, a Swedish mineral exploration company quoted on the Oslo Stock Exchange, is developing the gold potential of 10 identified targets situated within the highly prospective 213 sq km Lolgorien licence area located in the historically producing Migori Archaean Greenstone Belt in western Kenya , with a view of establishing a mining operation in the short term.

The Migori Archaean Greenstone Belt is in the northern continuation of the Lake Victoria Goldfields, which hosts many major gold deposits. The licence area has been the site of historical gold mining and is still the focus of artisanal mining.

Goldplat is focused on proceeding to resource definition through an extensive confirmatory exploration programme and in a short timeframe establish a gold mining operation.


Geographical Spread

Operations in South Africa, Ghana and Kenya


Board of Directors and Key Management

Brian Moritz Non-executive Chairman
Demetri Manolis Chief Executive
Ian Visagie Finance Director
John Woolgar Non-executive Director
Dr. Robert Pitts Smith Technical/Marketing Manager
Pedro De Souza Plant Manager
Sam Du Plessis Consultant
Mark Austin Geologist

Company Address

Level 2, 26 Dover Street
London, United Kingdom W1S 4LY

Telephone:+27 11 423 1202
Facsimile:+ 27 11 423 1230
Email:info[at]goldplat.com
Website:http://www.goldplat.com

Additional Address/Key Contact

South African office:
Daveyton Road,
PO Box 40,
Benoni 1500,
South Africa

Financial Public Relations:
St Brides Media & Finance Limited
3 rd Floor
Aldermary House
10-15 Queen Street
London EC4N 1TX
info@sbmf.co.uk

Capital

Total issued share capital; 112,120,000

Annual General Meeting

TBA

Year End

30 June

Nominated Brokers

WH Ireland Limited
24 Martin Lane
London
EC4R 0DR


Nominated Advisors

WH Ireland Limited
24 Martin Lane
London
EC4R 0DR

Major Shareholders

Fitel Nominees Limited 46,100,000 41.12
Fitel Nominees Limited 16,170,000 14.42
Hsbc Global Custody Nominee (Uk) Limited 13,775,000 12.29
Fitel Nominees Limited 5,900,000 5.26
Dresdner Bank Ag London Branch 4,416,667 3.94
Forest Nominees Limited 4,370,000 3.90
Apple Tree Nominees Limited 4,200,000 3.75

Related News

18/03/10 - Goldplat’s Transformation From Gold Processor To Fully Fledged Miner Begins To Gather Momentum
06/10/09 - Goldplat Announces Maiden Resource Statement For Kilimapesa
10/08/09 - Valuing Goldplat As An Upstream Developer And Miner Rather Than As A Downstream Processor Could Make A Lot Of Sense
29/01/09 - Goldplat Finds Itself A Useful And Profitable Role In Africa’s Gold Industry
01/10/08 - Goldplat Makes Recovery A Profitable Business, As It Looks Ahead To Becoming A Fully-Fledged Gold Miner
03/07/08 - Goldplat Expects To Add Gold Production From Mining To Its Production From By-Products Later This Year

Most Recent Statement

16/03/10 - Progress Report on Ghana Gold Operations
23/02/10 - Interim Results
11/01/10 - Burkina Faso Gold Project Update
21/12/09 - Acquiring Gold Project in Burkina Faso
15/12/09 - Operations Update
05/10/09 - Kilimapesa Gold - Resource Statement

To top