South Africa – AIM listed African gold producer Goldplat plc has commissioned the first of the 4 t elution columns acquired from surface gold miner DRDGold at the Goldplat Recovery operation on the East Rand of Johannesburg.

The completion of this project, on schedule, is an important milestone in Goldplat’s turnaround strategy and will enable the company to clear the remainder of the backlog gold inventory by end of December 2015, improve the cash position, and provide capacity for increased future production.

“The increase in our elution capacity from 5tpd to an average daily throughput rate of 8 tpd supports Goldplat’s strategy to capture more of the gold recovery value chain in-house and completes another significant capital project.”

“I am proud of the team for the good work done and look forward to tracking the success of this increased elution capacity as we look to increase gold production and revenues for the Company.” says Goldplat CEO Gerard Kisbey-Green.

Goldplat is still deciding on the timing and location of the installation of the remaining two 4t elution columns also purchased from DRDGold, with one likely to be moved to the company’s gold recovery operation in Ghana during 2016.

During the quarter ended 30 September 2015 Goldplat Recovery produced 6 141 oz of gold, a total of 4 983 oz was sold and 1 608 oz was transferred to clients by way of metal transfers.

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Goldplat plc makes significant progress on capital projects at Goldplat Recovery