Source - LSE Regulatory
RNS Number : 2437L
Goldplat plc
19 April 2024
 

19 April 2024

Goldplat plc

("Goldplat" or the "Company")

 

Arrival of Generators

 

 

Goldplat plc, (AIM: GDP) the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, is pleased to announce the arrival of the diesel generators at our operations in South Africa, and that commissioning will be finalised by the end of April 2024.

 

During Q3 of the current financial year, our operations have lost 6% of total operating hours available due to electricity supply cuts and infrastructure related issues, lower than the time lost in the previous calendar year of more than 20%. The generators have been procured at a cost of GBP800,000 and have been financed through a local South African bank and will be repaid over 3 years.

 

The generators will be used to reduce the operational time lost due to electricity supply issues only if it is economically viable to do so. This will be assessed on an ongoing basis. 

 

Werner Klingenberg, CEO of Goldplat commented: "We are delighted to have received the generators on site and look forward to the finalisation of the commissioning of the generators. They will provide us with the ability to curtail the impact that electricity cuts have had on our operations as well as mitigate potential supply challenges in the future."

 

 

 For further information visit www.goldplat.com, follow on X @GoldplatGDP or contact:

Werner Klingenberg

 

Goldplat plc

(CEO)

 

Tel: +27 (0) 82 051 1071

Colin Aaronson / Samantha Harrison/ Enzo Aliaj

 

Grant Thornton UK LLP

(Nominated Adviser)

Tel: +44 (0) 20 7383 5100

 

James Bavister / Andrew de Andrade

 

WH Ireland Limited

(Broker)

 

Tel: +44 (0) 207 220 1666

 

Tim Thompson / Mark Edwards / Fergus Mellon

Flagstaff Strategic and Investor Communications

Tel: +44 (0) 207 129 1474

goldplat@flagstaffcomms.com

 

 

 

 

 

 

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