Goldplat Plc · LSE:GDP
Goldplat — FY2017 Earnings Presentation
28 slides from Goldplat's earnings presentation, September 2017
Slide 1: Corporate Presentation: Preliminary Results, September 2017
CORPORATE PRESENTATION: PRELIMINARY RESULTS GOLD RECOVERY AND SEPTEMBER 2017 MINING DEVELOPMENT
Slide 2: Disclaimer
Disclaimer These presentation materials (the “Presentation Materials”) are being distributed in the UK only to persons having professional experience in matters relating to investments and who are investment professionals as specified in Article 19(5) of the Financial Services and Markets Act 2000 (
Slide 3: A profitable gold producer combining recovery facilities with primary mining
A profitable gold producer combining sophisticated precious metal recovery facilities in South Africa and Ghana with primary gold mining in Kenya Corporate Presentation – September 2017: Gold Recovery and Mining Development
Slide 4: Goldplat at a glance
Goldplat at a glance Established AIM quoted gold producer – produced 42,857 ounces gold FY 2017 from the recovery of by- gold products of mining operations as well as primary gold mining (FY 2016: 37,666 ounces) producer Niche Market leading cash generative gold recovery operations in South Africa a
Slide 5: Key Data
Key Data Market AIM Board Ticker GDP Matthew Robinson Non-Exec Chairman Gerard Kisbey-Green Chief Executive Officer Share price (Mid) 6.25p (22.09.17) Hansie van Vreden Chief Operating Officer Shares in issue 167 million Werner Klingenberg Financial Director Ian Visagie Executive Director Market Cap
Slide 6: Asset Register
Asset Register Gold Recovery Operations • South Africa – GPL, dominant gold recovery operation with blue chip mining clients & strong organic growth. JORC resource of 81,959 ounces of gold in tailings storage facility • Ghana – GRG, geared towards primary mining by- GHANA products. Strategically wel
Slide 7: Results for the year ended June 2017
Results For the year ended 30 June 2017 “Goldplat is now profitable at all of its operations and this should improve during FY 2018” Corporate Presentation – September 2017: Gold Recovery and Mining Development 7
Slide 8: Financial Results – FY ended June 2017
Financial Results – FY ended 30 June 2017 12 months 12 months 30 Jun 2017 30 Jun 2016 £’000 £’000 Revenue 31,650 20,185 £2,650,000 Cost of sales (26,454) (17,177) Net cash (2016: £2,056,000) Gross profit 5,196 3,008 Administration expenses (2,286) (1,796) Results from operating activities of continu
Slide 9: Financial overview
Financial overview 140% Strong performance of both recovery operations increase results from operating activities to £2,910,000 The Kilimapesa mine continued to trade at a loss as the benefit from increased processing capacity was only seen towards end of FY 2017 (FY 2016: £1,212,000) 24% Higher rec
Slide 10: Gold production and sales
Gold production and sales Year ending Year ending Year ending June Year ending June June 2017 June 2017 2016 2016 Goldplat Plc Consolidated Equivalent Gold Equivalent Gold Equivalent Gold Equivalent Gold kg oz kg oz Gold Equivalent Production Goldplat Recovery* 915 29,418 895 28,778 Gold Recovery Gh
Slide 11: Production overview
Production overview Consistent gold production highlights the Production grew at all operations: continued and steady growth of the business : 42,857oz gold produced Kilimapesa plant FY 2017 expansion Increased production at 37,666oz gold produced GRG from sources outside FY 2016 of Ghana Boosted pr
Slide 12: Gold Recovery
Gold Recovery “Goldplat gains its competitive advantage from the diversity and flexibility of its treatment circuits, the strategic geographic locations of its plants, and the extensive depth of knowledge and experience of its longstanding team” Corporate Presentation – September 2017: Gold Recovery
Slide 13: Goldplat Recovery – What do we do?
Goldplat Recovery – “What do we do?” ‘Gold recovery’ is the recovery of gold from by-products of the mining process including woodchips, mill liners, fine carbon, slags, sludges and waste grease Environmentally •Provides an economic method for mines to dispose of waste valuable materials and adhere
Slide 14: Goldplat Recovery Ltd, South Africa (GPL) Overview
Goldplat Recovery Ltd, South Africa (‘GPL’) Overview FY 2017 FY 2016 • Produced 29,418oz of gold • Produced 28,778oz of gold (FY 2015: 22,135oz Au) • 28,750oz gold sold / transferred • 29,800oz gold sold / transferred • 22,570oz sold for own account • 16,575oz sold for own account (FY 2015: • 6,173o
Slide 15: GPL Operational Initiatives
Goldplat Recovery Ltd, South Africa (‘GPL’) Operational Initiatives FY 2017 focus: Source sufficient quantity of quality Resolve the Rand Assess opportunity to material in light of Undertake operational Secure an old disused Refinery dispute re. diversify into the South African mining upgrades and t
Slide 16: Gold Recovery Ghana Ltd (GRG) Overview
Gold Recovery Ghana Ltd (‘GRG’) Overview FY 2017 FY 2016 • 6,883oz gold produced (FY 2015: 6,111oz) • 10,031oz gold produced • 8,964oz gold sold (FY 2015: 2,578oz) • 8,327oz gold sold LICENCE RENEWED Licence renewed for a period of three years on 23 December 2016 – providing certain milestones are a
Slide 17: GRG Operational Initiatives
Gold Recovery Ghana Ltd (‘GRG’) Operational Initiatives Construction of an elution plant for c.US$1 million: 3-tonne elution column and Column shipped to Commissioning ancillary Column sent to Ghana and Project team targeted for the equipment GPL for construction and appointed end of December acquir
Slide 18: GRG Development: secure new contracts
Gold Recovery Ghana Ltd - (‘GRG’) Development: secure new contracts Opportunity to develop GRG as an international Opportunity to maximise environmental value of recovery hub, importing material from both the recovery operations by offering mining “clean-up” wider African continent and new global ma
Slide 19: Mining & Exploration
Mining & Exploration “The Board approved a plan to return Kilimapesa to profitability during FY 2017” Corporate Presentation – September 2017: Gold Recovery and Mining Development 19
Slide 20: Kilimapesa Gold Mine – Kenya Overview
Kilimapesa Gold Mine – Kenya Overview FY 2017 FY 2016 • 3,408oz gold produced – of this 1,254oz gold was produced during Q4 and an annualised • 2,005oz gold produced (FY 2015: 2,278oz) production rate of ~5,800oz was achieved in the last two months • 1,999oz gold sold (FY 2015: 2,073oz) • 3,215oz go
Slide 21: Kilimapesa: turnaround strategy
Kilimapesa: turnaround strategy FY 2017 turnaround strategy to increase production, decrease costs and optimise overheads New processing plant (Plant 2) installed close to Kilimapesa Hill – initial design capacity of 200 tonnes per day to be achieved through staged development: Old processing plant
Slide 22: Primary mining expansion
Primary mining expansion Intention to increase primary mining to equal that from recovery operations in the next 3 years Current market presents many Goldplat does not intend to Active growth strategy to opportunities for acquisitions of enter into exploration and is identify opportunities to assets
Slide 23: Exploration Portfolio – Ghana & Burkina Faso
Exploration Portfolio – Ghana & Burkina Faso Monetising non-core exploration portfolio ANUMSO GOLD PROJECT, GHANA – 90% interest • JORC compliant resource of 166,865 oz gold at 2.04g/t • Earn-in option agreement with TSX quoted Ashanti Gold Corp., (Sep 2016): • March 2017 Ashanti exercised initial o
Slide 24: Investment Case
Investment Case Cash generative, profitable, gold recovery company with a strong portfolio of recovery assets from Well placed to build upon production and which to maintain growth profitability during FY 2018 Market leaders in the recovery of gold from by- products of primary mining operations Cont
Slide 25: Goldplat - Contacts
Goldplat - Contacts Gerard Kisbey-Green CEO gkisbeygreen@goldplat.com +27 (071) 8915775 Broker Public Relations VSA Capital Ltd St Brides Partners Ltd Andrew Raca / Justin McKeegan Charlotte Page / Susie Geliher Tel: +44 (0) 20 3005 5000 Tel: +44 (0) 20 7236 1177 Email: mail@vsacapital.com Email: in
Slide 26: Appendix – Resource Tables
Appendix – Resource Tables Kilimapesa Gold Mine ANUMSO TOTAL RESOURCE( 1 g/t cut-off) Within Conglomeratic Horizons Resource TOTAL RESOURCE (1 g/t cut-off) Classification Tonnes Au Grade g/t Contained Au Ozs Measured 8 000 11.29 2 903 Indicated 647 000 2.73 56 712 Resource Within Veins and Host Infe
Slide 27: Appendix – Resource Tables
Appendix – Resource Tables Tailings Storage Facility at GPL Slimes Resource Domain Class Tonnes (Mil) Density Au (g/t) Au (Oz) U3O8 (g/t) U3O8 (lbs) Ag (g/t) Ag (Oz) Measured 0.74 1.32 1.95 46,393 66.46 108,394 5.21 123,954 TSF Indicated 0.41 1.38 1.89 24,914 65.08 58,809 5.16 68,018 Inferred 0.05 1
Slide 28: Corporate Presentation – September 2017: Gold Recovery and Mining Development
Corporate Presentation – September 2017: Gold Recovery and Mining Development