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."