Goldplat Gets First Elution Column As It Seeks To Clear Backlog

LONDON (Alliance News) - Africa-focused gold producer Goldplat PLC on Wednesday said the first of the four-tonne Elution Columns it has acquired from DRD Gold has been successfully commissioned by its Goldplat Recovery Pty Ltd unit.

The new columns will allow the company to clear its gold inventory backlog, improve its cash position and provide capacity for increased future production at its project in Ghana.

"The increase in our elution capacity to an average daily throughput rate of 8 tonnes per day supports Goldplat's strategy to capture more of the gold recovery value chain in-house and completes another significant capital project," said Chief Executive Gerard Kisbey-Green.

Shares in Goldplat were up 1.5% to 3.4249 pence on Wednesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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