Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
27th May 2009
Goldplat plc ('Goldplat' or 'the Company')
Goldplat plc, the AIM listed gold producer, was notified today that
on 27 May 2009 John Woolgar, a non-executive director of the Company,
sold 450,000 ordinary shares in the Company for 10 pence per share.
Following this transaction Mr Woolgar no longer holds any ordinary
shares in the Company. Mr Woolgar, who remains as an active member
of the Board, sold his shares to meet personal obligations.
For further information visit www.goldplat.com or contact:
Demetri Manolis, CEO Goldplat plc Tel: +27 (0) 11 423
James Joyce WH Ireland Limited Tel: +44 (0) 20
Sarang Shah WH Ireland Limited Tel: +44 (0) 20
Bill Sharp Alexander David Securities Tel: +44 (0)20 7448
David Scott Alexander David Securities Tel: +44 (0)20 7448
Felicity Edwards St Brides Media & Finance Tel: +44 (0)20 7236
Isabel Crossley St Brides Media & Finance Tel: +44 (0)20 7236
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
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. To
this end, in a 50/50 JV, it is developing the potential of the 213 sq
km Lolgorien licence area ('Kilimapesa Gold'), 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 been
implemented to define a JORC compliant resource at the project.
Additionally the Company is currently evaluating gold recovery
operations in Tanzania and Zambia and also has joint venture
agreements with Black Economic Empowerment ('BEE') partners in place
to take advantage of mining opportunities in South Africa.
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