Gold & PGM Recovery, Mining & Production

Goldplat Plc 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 in South Africa.
The Company is replicating the South African recovery business model in Ghana where there are again significant mining operations that can benefit from the recovery process.

The revenues from both operations will be utilised to identify and acquire gold mining assets with resources of up to two million ounces.

In essence, the Company intends to build a mid-tier gold production vehicle in Africa, predominantly financed by an established business with blue-chip clients and strong revenues.

21 December 2006

Preliminary Results
Goldplat plc, the AIM-traded producer of gold and platinum group metals ('PGM') recovered from by-products of the mining process, announces its results for the period ended 30 June 2006. These results do not include the results of Goldplat Recovery (Pty) Ltd ('Goldplat Recovery'), which was acquired by Goldplat after the year end. The results for Goldplat Recovery were announced on 24 October 2006.

Overview

Listed on AIM in July 2006 having raised 1.5 million
Acquired Goldplat Recovery, a South African producer of gold and PGM's recovered from by-products of the mining process
Increased productivity and profitability of Goldplat Recovery following investment in new and the upgrading of existing machinery
Established complementary processing plant in Ghana to meet the demand from West African gold mines - Gold Recovery Ghana Limited
Strategy to create a junior mining house focused on gold production through the acquisition of known gold deposits - actively reviewing a number of projects in Ghana, Mozambique and Kenya
Chairman's Statement The accounts of Goldplat plc are drawn up to 30 June 2006, prior to the admission to AIM and the acquisition of Goldplat Recovery (Pty) Limited ('Goldplat Recovery'). They reflect a period during which the Company agreed to acquire a Tanzanian gold exploration company, Zari Exploration Tanzania Pty Limited. The contract to acquire Zari lapsed on 30 September 2005 and subsequently the Directors concentrated their efforts on the acquisition of Goldplat Recovery and Gold Recovery Ghana Limited, and the AIM admission.

It gives me great pleasure to report on progress made since listing on AIM in July 2006.

On listing, Goldplat acquired Goldplat Recovery, a market leading South African producer of gold and PGMs recovered from by-products of the mining process and raised 1.5 million. The Company's stated strategy is to create a junior mining house focussed on gold production through a phased development strategy backed by revenue generated from the recovery business.

Phase one is to increase the efficiency, flexibility and profitability of the South African processing plant. Phase two is to establish a complementary processing plant in Ghana to meet the demand from West African gold mines. Phase three is to expand into mining through the acquisition of known gold deposits with targets of between 200,000 and 2,000,000 ounces of contained gold. To this end, your Company has made considerable progress.

Beginning with the South African operation, Goldplat Recovery, as announced in October 2006, we have made great progress in increasing productivity and profitability. Following investment in new and the upgrading of existing machinery and the solving of how to deal with some technically challenging materials, the operation is now generating strong cash flow. These improvements were demonstrated by the results recently released which showed that it went from making a loss after tax of ZAR306,868 for the first nine months, to a profit after tax of ZAR1,327,674 for the full year.

Goldplat Recovery works with all the key operators in South Africa. It operates from a freehold site of 22 hectares near Benoni in Gauteng, South Africa, where it houses a processing plant and raw material stockpiles. It also has surface rights over an adjacent 12 hectare site where it has established a tailings facility. Mining operators are obliged to dispose of mining by products in an environmentally friendly manner, which is where we step in. The Company acquires raw materials, such as woodchips, fine carbon and waste grease, from mine operators after testing to establish gold or PGM content, moisture content, recoverability and size.

The next part of the strategy was to establish a complementary recovery facility in Ghana. To this end we established Gold Recovery Ghana Limited ('GRG') and in September we acquired a 4.25 acre site in the free zone port of Tema for USD200,000 cash. Construction of the processing plant is underway and operations will commence in January 2007 with further expansion to take place during 2007. We expect to access raw materials from mines in Mali, Guinea, Burkina Faso, Benin, Cote D'Ivoire, Senegal, the DRC, Mauritania and naturally Ghana too. We are currently building relationships in these areas. GRG has already established an initial turnover through agreements with local mines and is exporting fine activated carbon to the plant in South Africa. Once the plant is up and running GRG's first operations will be the cleaning of rubber and steel liners to produce a concentrate for export. The cleaned aluminium and steel will be sold locally.

The final part of our strategy is to expand into gold mining through the acquisition of known deposits (not greenfield exploration), supported by revenue generated from the gold and PGM recovery operations. We are focused on acquiring gold targets of between 200,000 - 2,000,000 ounces of contained gold, which are too small for major mining companies, yet potentially highly profitable. The Directors have been actively reviewing a number of projects in Ghana, Mozambique and Kenya and are excited about the opportunities available.

With its highly profitable recovery business in South Africa, its soon to be in operation plant in Ghana and balanced risk approach using cash flows from existing processing operation to fund development of mining projects, I believe that your Company is in a very strong position to develop its growth strategy and reward its shareholders.

The profits from Goldplat Recovery for the first four months of the current year are in excess of forecasts and bear out the statement in the admission document that the outlook for the future is favourable.

I would like to thank the management and the rest of the team for their support through the extremely busy listing period and for their successful efforts in both turning the South African business and establishing the new operation in Ghana.

Brian Moritz
Chairman
19 December 2006

Goldplat is a very strong BUY at 15p...



Goldplat sees Ghana gold recovery plant operational in Jan 2008, ahead of time - AFX

LONDON (Thomson Financial) - Goldplat PLC said its gold recovery plant in the free port of Tema, Ghana, is targeted to be fully operational in January 2008, ahead of schedule.

It said the plant, owned by its Gold Recovery Ghana Ltd (GRG) unit, is already in production, with full commissioning targeted for December 2007.

The company said while it can expect an increasing contribution to the second-half results from GRG following the completion of its planned facilities, the prospects are further improved by the exciting possibilities for smelting concentrates.

Goldplat also said the construction of the carbon in leach circuit, the final part of phase two of the development programme, is on target to be completed at the end of November.

GRG plans to commission the plant in December and to be in full production in January 2008, the company added.

TFN.newsdesk@thomson.com

Hi all,
I am a great believer in this share. and I think it is currently greatly undervalued - and it is simply a question of time before the market recognises this.
I would guess that it will not be until Sepember when the full year profits are published that the true benefit of increased gold prices are reflected in Company results that investors may begin to wake up to GDP's strategy.
Having said that, it is my belief that we will see growth in the SP as newsflow on mining progress, and new acquisitions via the recent JV with Vunani, begins to flow .
I believe that we are due a progress RNS from GDP by the end of March, and, traditionally the Company have been good at updating the market on a monthly basis.
I have done a fair bit of research on GDP, and, if anyone would like me to send it to them, if you drop me a line to stevedavies1947@cytanet.com.cy I will be happy to forward it to you.
Regards
Steve

Progress has been rather slow recently...the graph is tipping downwards, I would call a SELL now at 13.25p.

Glad I was right and sold out of Goldplat...now 12.25p

Support at 10p. Wise decision I think, hlyeo.

hlyeo, your sell probably caused the 1p decrease ! :-).
I'm in for very long term with this one. Good solid company (but not very exciting).
UC.

New in depth article and analysis HERE

New article and analysis, please click HERE

Holders should enjoy!

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Good article in Proactive Investers---Goldplat-Under the Gold Fever Radar.It suggests the share price should be about 50% higher.

New article;

http://www.proactiveinvestors.co.uk/companies/news/9479/-goldplat-a-profitable-debt-free-cash-generative-africa-focussed-gold-producer--9479.html

March 18, 2010 Minesite

Goldplats Transformation From Gold Processor To Fully Fledged Miner Begins To Gather Momentum
By Sally White



Junior gold producer Goldplat is trading at an 80 per cent discount to its after-tax net present value, according to house broker WH Ireland. Alright, the companys own broker is bound to take a reasonably rosy view of things, but still, it does jump out as a pretty wide margin of difference. After all, Goldplat has just announced interims showing that it has the backing of net cash of 1.05 million and a steady profit flow from its gold recovery operations. Well may house analyst Gaius King at WH Ireland say the price leaves him completely at a loss. And its perhaps no surprise that Goldplat founder and chief executive Dimitri Manolis remarks I am very frustrated.
Despite this discount, with its Kilimpesa Gold mining project in Kenya hopefully just weeks away from commercial gold production and sales and a new prospective mining project in Burkina Faso, Manolis is feeling very optimistic. He taking no risks, however, that the market will overlook any progress on Goldplats plans to transform itself from being a processor of other peoples gold into a mid-tier mining house. Hes planning to try to reach a far wider range of investors in the coming months.

Goldplats shares are trading a couple of pence higher than this years low of 8.5p, but at around 10.5p are still not that far from 2006s 7.5p debut price, and a long way down from the 17.5p peak. Kings present valuation is for 19p a share.

On WH Irelands current forecast for underlying profits to rise from 1.8 million to 3.3 million this year, the price earnings ratio is just over eight times, against a historic rating of six times. For 2011 he estimates underlying profits at 5.06 million, giving a rating of around five times earnings. These numbers are based on increased capacity in Goldplats process plants, which treat whats termed as heaving mining waste flow, and on commercial production at the Kenyan mining operations.

Goldplats interim results, out a few days ago, showed revenue from precious metals recovery at its two sites in South Africa and Ghana of 5.4 million, up from 5.2 million from the previous comparable period. Operating profits rose 54 per cent to 1.225 million, but with foreign exchange movements taken into account the pre-tax figure dropped slightly to 1.15 million from the 1.2 million reported during the comparable period last year.

Heavy mining waste flow comprises everything from mill liners, to sludges, woodchips and even grease, and varies widely, but Manolis is confident that second half production will be higher than the first. In South Africa, a larger mill has been commissioned, capacity increased and the range of material widened. This will cut costs and boost cashflow. After slightly disappointing initial results, the Ghanaian site is being equipped with a new incinerator and a cyanidation plant so that it can sell gold in bullion form, boosting savings and cashflow there.

Over the years Manolis has developed good relations with mining houses looking for ways to dispose of waste in compliance with environmental regulation. He has just announced a new contract with AngloGold Ashanti, and already has others with AngloGold, Harmony, Barrick, Anglo Platinum and Goldfields. This gives him plenty of contacts for new prospective mining projects.

Part of his frustration is that he feels that although Goldplat self-funds all his developments, the financial strength that this implies still isnt recognised in his share price. Whats more, given Goldplats stockpiles, King reckons that revenue is virtually guaranteed for a number of years.

Leaving no route unexplored to get to a wider retail market, Manolis has also taken steps to improve the liquidity in Goldplats share trading, a necessary move for a company with a market capitalisation of only 11.7 million, and for which large parcels of shares are few and far between. Around three million shares from family trusts were placed last year with investors managed by several large family offices. The plan is that this will create a base for additional purchases once the news flow really hots up. We shall see!

Up 2.5 % on good volume.

This has really gone nowhere but down after all these years despite being a gold and platinum producer. Poor management is all I can say.

I sold mine months ago for that very reason.

BIG TIP IN THE MAIL ON SUNDAY - BOUGHT ON FRIDAY HAPPY DAYS

Well done transco.

MoS Article

Curiously I was also looking for an opportunity last week to invest in the Mining sector (in particular gold) and came across Goldplat. I have no idea if the MoS article will have any great effect but we'll see in the morning.

Seems the article had a somewhat positive effect, just me and Transco then?