Goldplat plc : Trading Statement

                       Goldplat plc : Trading Statement

    Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                               11 January 2012
                  Goldplat plc ('Goldplat' or 'the Company')
                              Trading Statement

Goldplat plc, the  AIM listed  gold producer  in Africa,  announces a  trading 
update on its gold mining and gold recovery operations in Africa.


  *Operating profits for the six months  to December 2012 (H1 2013)  expected 
    to be in line with H1 2012

  *Gold recovery operations in South Africa and Ghana have performed well and
    continue to produce  robust operating profits,  underpinning the value  of 

  *Plant  expansion  at  Kilimapesa  Gold  Mine  in  Kenya  delayed  due   to 
    uncertainties in Kenya's mining  legislation and operational  difficulties 
    at the mine 

Goldplat's CEO Russell Lamming said,  "The Company's primary business of  gold 
recovery continues to  produce robust  operating profits,  which underpin  the 
value of Goldplat, and are  in line with the  comparable period last year.  In 
terms of our Kenyan gold mining project, the delays in the plant expansion and
subsequent losses we are experiencing at Kilimapesa are disappointing; however
these issues  are being  addressed and  we are  confident that  our  continued 
discussions with the Kenyan government will result in a favourable outcome for
all stakeholders, and we look forward to a strong second half of the year."

Further information

Goldplat's gold  recovery operations  in South  Africa and  Ghana continue  to 
produce robust operating profits. The  South African operation has  performed 
particularly well in what has been a difficult period for mining companies  in 
South Africa.  The  operational  flexibility  derived  from  the  significant 
stockpiles of raw materials located at the South African operation reduced the
negative  impact  of  the  transport  and  mine  strikes  during  the  period. 
Goldplat's second recovery  operation located  at the  free port  of Tema  in 
Ghana ('GRG') has performed  strongly in H1 2013,  although margins have  been 
squeezed through the increase  in procurement costs  related to the  Company's 
toll treatment contract it has in place, where some materials purchased by GRG
are processed off-site. 

In Kenya, the  directors have  delayed the  plant expansion  programme at  the 
Kilimapesa Gold  Mine  due  to  the  continued  uncertainty  regarding  mining 
legislation in Kenya and  operational difficulties at the  mine. The lack  of 
processing capacity and  subsequent increase  in operational cost  due to  the 
delay in  the  additional plant  construction  has resulted  in  losses  being 
incurred at  Kilimapesa during  H1 2013.  The Company  has engaged  with  and 
continues to  have  strong  relations  with  the  Kenyan  Government  and  are 
confident of a favourable outcome  for all stakeholders, enabling the  planned 
plant  expansion  at  Kilimapesa  to   commence  and  restore  operations   to 

It must be noted that the  improved results from the gold recovery  operations 
are expected to cover the losses at Kilimapesa, leaving operating profits  for 
H1 2013 in line with those of the comparable period in 2012.

                                 * * ENDS * *

For further information visit or contact:

Russell Lamming, CEO            Goldplat plc               Tel:  +44  (0)  781 
                                                           0870 587
Ewan Leggat/Katy Birkin     SP Angel Corporate Finance Tel:  +44  (0)   20 
                               LLP                        3463 2260
Felicity Edwards                St Brides Media &  Finance Tel: +44 (0)20 7236
                                Ltd                        1177


Goldplat plc, which has a  market cap of circa  £21 million, is an  AIM-listed 
profitable, debt free gold  producer and mine  development company focused  in 
Africa, which has a strong cash position of £4.57 million as at 30 June  2012. 
The Company  has a  solid  portfolio of  assets  including two  gold  recovery 
operations in  South  Africa and  Ghana,  which recover  precious  metal  from 
by-products of the  mining process such  as woodchips, fine  carbon and  waste 
grease. For the FY 2012 these operations produced circa 31,354 ounces of gold.
Goldplat also  has a  producing gold  mine in  Kenya and  two brownfield  gold 
development projects in Ghana and Burkina Faso.



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information contained therein.

Source: Goldplat plc via Thomson Reuters ONE
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