Goldplat (GDP): TSF retreatment and pipeline

This situation live

GDP Goldplat

£35m · 22.8p · +146% since the first step

14 Nov 2025 · Awaiting permits; no timeline given · −1% until the next step The application and approval of the water use license for the pipeline remains outside of our control, which has and will continue to have an impact on timelines which, as we have found in the past, a

15 Dec 2025 · Approvals still being sought · +26% until the next step Getting necessary approvals for the processing of our TSF in South Africa;

10 Feb 2026 · Company taking control of pipeline application; no feasibility yet · +10% until the next step At the same time, we plan to update the current JORC resource, do specific recovery analysis to provide better statistical data on gold contained and recoverable in the TSF through planned processes a

18 Mar 2026 · Commercial terms and regulatory work still pending · +21% until the next step to agree commercial terms on the reprocessing of the TSF with DRDGOLD;

20 May 2026 · Taking control of pipeline application; no feasibility · +12% until the next step we should be in position to update the market with an updated JORC resource by the end of October 2026.

19 Aug 2026 · Pipeline work, water licence, geotechnical studies pending · +27% since Progress have been made with the Water Use License application during the quarter, with geotechnical studies due to commence in September and run to the end of the calendar year.

Project milestones

TSF retreatment and pipeline

Pipeline work, water licence, geotechnical studies pending

OCT31 Next: Update on JORC resource and recovery analysis in 7 days

Every step · 6

14 Nov 2025 Awaiting permits; no timeline given – The application and approval of the water use license for the pipeline remains outside of our control, which has and will continue to have an impact on... ↗
15 Dec 2025 Approvals still being sought – Getting necessary approvals for the processing of our TSF in South Africa; ↗
10 Feb 2026 Company taking control of pipeline application; no feasibility yet – At the same time, we plan to update the current JORC resource, do specific recovery analysis to provide better statistical data on gold contained and... ↗
18 Mar 2026 Commercial terms and regulatory work still pending – to agree commercial terms on the reprocessing of the TSF with DRDGOLD; ↗
20 May 2026 Taking control of pipeline application; no feasibility – we should be in position to update the market with an updated JORC resource by the end of October 2026. ↗
19 Aug 2026 Pipeline work, water licence, geotechnical studies pending – Progress have been made with the Water Use License application during the quarter, with geotechnical studies due to commence in September and run to the end... ↗

What is happening

Goldplat: TSF retreatment and pipeline – Pipeline work, water licence, geotechnical studies pending. ['Pipeline work, water licence, geotechnical studies pending']

In short: Goldplat wants to retreat its tailings storage facility through DRDGOLD and has no feasibility yet. It took ownership of the pipeline application and hired consultants. On 19 Aug 2026 it reported water use licence progress, a concept study completed in August 2026 and now under review, and the drilling programme finished after quarter-end. It will update the JORC resource by end October 2026.
Announced: 14 Nov 2025 · Awaiting permits; no timeline given
Latest: 19 Aug 2026 · Pipeline work, water licence, geotechnical studies pending
Next milestone: Update on JORC resource and recovery analysis by end of October 2026
Interim measures: Identify interim measures to extract value from the TSF
Resource: JORC (January 2016): 81,959 oz in 1.43m tonnes; no feasibility or economic assessment
Interim measure: Evaluating processing through facilities on its own premises
Geotechnical studies: Start in September 2026, run to end of calendar year
Concept study: Completed August 2026, being assessed by management
Drilling: Programme completed after end of Q4
Next commercial step: Talks with DRDGOLD on servitudes, plant and deposition capacity

What comes next

Update on JORC resource and recovery analysis (31 Oct 2026).

From the company's own announcements. Not investment advice.

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