Company Information for Goldplat Plc

AIM-GDP

www.goldplat.com

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AIM; GDP

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Company Statement

Goldplat plc is an AIM-listed gold producer with operations in Africa. Its strategy is to create a mid-tier mining house focused on gold production leveraged through revenue generated from its gold recovery businesses.

The Company has two recovery business based in South Africa and Ghana, which, by safely disposing of mining by-products, fulfil an important aspect of 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 expanding into gold mining through the acquisition of known deposits with targets of between 200,000 and one million ounces of ore contained. To this end, in a 50/50 JV, it is developing the potential of 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. A number of other potential projects across Africa are under review.

Key Strengths

Market leader in the recovery of precious metals from by-products of the mining process – profitable and highly cash generative
No exposure to exploration or extraction risk
Blue-chip supplier base providing constant supply of raw materials
Lolgorien gold JV project in Kenya to commence production and generate early revenues
Various gold mining opportunities throughout Africa under review
JV with BEE partner to take advantage of opportunities in South Africa
Management team experienced in gold mining as well as gold and PGM processing

Company Diagram

Company Structure

Current Operations

Goldplat Recovery
Over the last eight years Goldplat has built a reputation in South Africa as the market leader in precious metal recovery from by-products of the mining process such as woodchips, fine carbon and waste grease.

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

Goldplat Recovery has built up a substantial blue-chip supplier base that includes many of the African mining major’s such as Anglogold Ashanti, Goldfields, Harmony, and Impala. 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.

To diversify, a second plant was built at the free port of Tema in Ghana to service Africa's second largest gold producer as well as those of Guinea and Mali, Burkina Faso, Benin, Cote D’Ivoire, Senegal, DRC and Mauritania.

Gold Mining
The Company's aim is to focus on gold mining and production, primarily in the 200,000 ounce to one million ounce bracket. It will achieve this by rapidly entering the junior gold mining sector in Africa via acquisition and joint venture opportunities. The Company is ideally placed to gain resources too small to be of interest to the major mining companies and is currently reviewing a number of opportunities in Mozambique, Ghana, Kenya, and South Africa.

Goldplat’s primary focus will be on proven gold resources, avoiding greenfield exploration. The Company will take a balanced risk approach by using cash flow from its existing processing operations to fund development of mining projects.

Lolgorien Joint Venture , Kenya
Goldplat has a joint venture with International Gold Exploration AB, a Swedish mineral exploration company quoted on the Oslo Stock Exchange, to develop the gold potential of the highly prospective 213 sq km Lolgorien licence area located in the historically producing Migori Archaean Greenstone Belt in western Kenya. The Company has implemented a phased development plan with a view of establishing a mining operation. Gold production is expected to commence in the second half of 2008.

The Migori Archaean Greenstone Belt is a northern continuation of the Lake Victoria Goldfields, which hosts many major gold deposits including Barrick’s multi-million ounce North Mara mine, which lies approximately 40 km to the southwest of the Lolgorien property. The licence area has been the site of considerable historical gold mining and is still the focus of artisanal mining. Official reports, starting from the early 1900s, show that between 1920 and 1950 the area produced nearly 1 million ounces of gold.

Geographical Spread

Operations in South Africa, Ghana and Kenya

Reviewing opportunities in Mozambique, Ghana, Kenya, and South Africa

Board of Directors and Key Management

Brian Moritz - Non Exec Chairman

Chartered accountant and former Senior Partner at Grant Thornton, Brian is now a director of a number of junior mining companies listed on AIM.

Demetri Manolis - Chief Executive

Qualified mining engineer with over 27 years experience working in and managing mines and plants. Previously Managing Director of JSE listed Consolidated Modderfontein Mines Limited. He took control of Goldplat Recovery in November 2000.

Ian Visagie - Finance Director

KPMG trained chartered accountant with 15 years experience in mining industry and, together with Demetri Manolis, took control of Goldplat Recovery in November 2000.

John Woolgar - Non Exec Director

Former stockbroker with 35 years City experience principally involving private investors and smaller companies.

Dr Robert Pitts Smith Marketing and Technical Manager

PhD in Chemical Engineering and an MBA. Has over 25 years experience within the industry.

Pedro de Souza - Plant Manager

Responsible for the operation of the plant and has over 40 years experience in the operation of gold plants.

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

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