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

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?

Progress Report on Operations

Goldplat plc, the AIM quoted gold producer, is pleased to provide an operations
update for its two gold recovery businesses in South Africa and Ghana which are
both continuing to perform strongly.

Gold Recovery Ghana ('GRG'), the Company's 100 per cent. owned subsidiary, has
entered into an agreement with Golden Star (Wassa) Limited ('Wassa'), under
which Wassa will undertake contract processing on gold bearing materials sourced
and owned by GRG. Wassa has undertaken to process approximately 4,000 tonnes per
month which is expected to produce an additional 3,000 - 4,000 oz of gold per
year at Goldplat's Ghana recovery operations. This agreement increases the
processing capacity of the group and has the potential to generate a significant
profit for GRG.

The contract is for an initial period of one year from the date of the agreement
and can be extended.

In South Africa further progress has been made to secure new raw materials, and
ensure the long-term supply of gold bearing feedstock for processing. A further
agreement has been finalised with AngloGold Ashanti Limited to purchase a total
of 20,000 tonnes of gold bearing raw material, with an estimated 3,000 oz of
contained gold, from its West Wits operation in South Africa. The Company
expects to process this material over a period of six to twelve months.

Nice! The Daily Mail's other gold tip RRR also doing well.

Just popped over to the 'zoo' expecting to see a GDP thread top of the pile with zillions of posts - amazingly only 20 since yesterday for a stock that has jumped 30% in a single day. Refreshingly, some sensible posters and none of the usual ramp / de-ramp muppets. I'll try and post a chart later which (will be pretty useless) but may provide an indication of future SP targets. Certainly there has been a breakout today, which hopefully will be sustained tomorrow.

As I suspected not much point in posting a TA chart, due to the rather surprising rise today. having said that, there are a few points worth noting:

1. The SP has broken out of its trading range with significant impetus, ie above the 13p resistance level. A word of warning, breakouts are sometimes accompanied by retracements back to the previous resistance level which will now (hopefully) become support.

2. The SP has broken above a long term downtrend resistance line. 20p represents the all time high and must be the next target.

3. The MoS article resulted in a small 'gap' the top of which should also act as support to any retracement. (It's a myth that gaps are always subsequently filled).



4. Finally, it is interesting to note that nearly 74% of the shares in issue are held by funds / insitutions which has historically led to illiquidity issues and spikey SP movements. I expect the next few days / weeks to be no different.

Beginning to look good

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

Yes I would agree reading back there is never any excuse for rudeness. But please dont go your posts are more well researched and helpful to many than most here.

Market seems to like the appointment of Mr. Lamming.
2517

Closing in on a GC here.
2517

Finals mid Sept.
2517

Overcame early weakness to finish modestly higher, final results for last year were on 13th September, I assume a similar date for this year but there is nothing on the forward diary. These results whenever they come will include a contribution from Kilimapesa for the first time, so could be interesting.
2517

Finals released today, cracking results, no debt, plenty of cash and paying a dividend.
2517

Lots of trades today. I feel a spike coming on.

Sold mine 9th May albeit at a loss, but nothing compared to the loss today had I kept them.
2517

Final results in November. Should still be profitable with a handy dividend so perhaps time to get back in?

bottomed out here?!

back in profit, more to come! Great cash generation considering they spent 600k on ppe