REG-Holding(s) in Company

Thu Mar 10, 2011 5:38am EST

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Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
10 March 2011
Goldplat plc ('Goldplat' or 'the Company')
Holding(s) in the Company

 

The Company was notified on 9 March 2011 that following a purchase of 905,000 ordinary shares in the Company on 8 March 2011, Arthur Gibbons has a beneficial interest in the Company of 3.52 per cent.

 

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

Demetri  ManolisGoldplat plcTel: +27 (0) 11 423 1203
James Joyce WH Ireland LimitedTel: +44 (0) 20 7220 1666
Felicity EdwardsSt Brides Media & Finance LtdTel: +44 (0)20 7236 1177
Hugo de Salis St Brides Media & Finance LtdTel: +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 highly profitable mid-tier gold company, leveraged through revenue generated from its gold recovery businesses.  

 

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'Ivorie, Senegal, the DRC and Mauritania, as well as Ghana.

 

Goldplat's strategy is to build itself into a highly profitable 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 has resulted in a maiden JORC compliant resource being reported in October 2009.  

 

In December 2009 Goldplat plc entered into an agreement with Sanu Exploration (BVI) Limited ('Sanu'), a wholly owned subsidiary of NGEX Resources Inc, to acquire Sanu's option over the 246 sq km Nyieme Gold Project ('Nyieme') located in Burkina Faso.  The Nyieme exploration licence 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.

 

Additionally, the Company has entered into a Memorandum of Agreement with Gulf Coast Resources Inc ('Gulf'), a Canadian mining company for the acquisition of 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.

 

 

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Source: Goldplat plc via Thomson Reuters ONE


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