Business
Kenya Operations Update
Kenya Operations Update.
About this update from Goldplat Plc
[{"type":"text","content":"\n \n\n\n\n\n Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration\n 23 August 2010\n Goldplat plc ('Goldplat' or 'the Company')\n Kenya Operations Update\n\nGoldplat plc, the AIM quoted gold producer, is pleased to announce that,\nfollowing the conditional approval of the Mining Lease for its Kilimapesa Hill\ngold mining project ('Kilimapesa') as announced on 22 July 2010, the\nCommissioner of Mines and Geology of the Republic of Kenya has given his\npermission for Kilimapesa Gold's processing plant to commence commercial gold\nproduction, while the Company awaits the finalisation of the mining lease. The\nunderground operations at Kilimapesa will be kept in abeyance until the routine\nregistration process of the cadastral survey submission with the Director of\nSurvey is completed.\n\nWork on recommissioning the processing plant has already started and Goldplat's\nmanagement expect that it will be at a full processing capacity of 1,000 tonnes\nof ore per month by early September 2010. The existing stockpiles are expected\nto provide enough mill feed until full underground operations resume.\n\nGoldplat CEO Demetri Manolis said, \"Naturally we are delighted that we have been\ngiven the green light by the Commissioner of Mines and Geology in Kenya to\nproduce gold commercially at Kilimapesa. Our near-term objective remains the\nestablishment of a profitable small mine producing circa 5,000-6,000 oz of gold\nper year within 12 months of being issued the Mining Licence.\n\n\"Importantly I would like to thank the Ministry of Mines and Geology for their\nassistance with Kilimapesa Gold, and as a Company, Goldplat look forward to\nworking with them in developing Kenya's resource industry.\"\n   ** ENDS * *\n\nQualified Person\n\nThis announcement has been reviewed by Mr. Mark Austin, the group geologist for\n Goldplat who has more than 25 years of relevant experience in the field of\nActivity concerned. He is a fellow of the Geological Society of South Africa\n ('GSSA') and has consented to the inclusion of the material in the form and\n Context in which it appears.\n\nFor further information visit www.goldplat.com or contact:\n\nDemetri Manolis, CEO Goldplat plc Tel: +27 (0) 11 423 1203\n\nJames Joyce WH Ireland Limited Tel: +44 (0) 20 7220 ...