Gold Recovery & Primary Mining Corporate Presentation March 2018
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 (Financial Promotion) Order 2005 (the “Financial Promotion Order”), or high net worth companies, unincorporated associations etc. as specified in Article 49(2) of the Financial Promotion Order, and in each case who are qualified investors within the meaning of section 86(1)(a) of the Financial Services and Markets Act 2000, or to other persons who may lawfully receive the Presentation Materials. Any investment to which this document relates is available to (and any investment activity to which it relates will be engaged with) only those persons described above. Persons who do not fall within this category of investor should not take any action upon this document, but should return it immediately to Goldplat plc, 52-53 Conduit Street, London, W1S 2YX. It is a condition of your receiving this document that you fall within, and you warrant to Goldplat plc (“or “the Company”) that you fall within, the category of person described above. The Presentation Materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in the Company nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connection with, any contract with the Company relating to any securities. The Presentation Materials are not intended to be distributed or passed on, directly or indirectly, or to any other class of persons. They are being supplied to you solely for your information and may not be reproduced, forwarded to any other person or published, in whole or in part, for any other purpose. The Presentation Materials do not purport to contain all information that a prospective investor may require and are subject to updating, revision and amendment. In furnishing the Presentation Materials, the Company does not undertake or agree to any obligation to provide access to any additional information or to update such Presentation Materials or to correct any inaccuracies in, or omissions from, the Presentation Materials which may become apparent. The information and opinions contained in the Presentation Materials are provided as at the date of the presentation and are subject to change without notice. No reliance may be placed for any purpose whatsoever on the information contained in this document or on its completeness. Any reliance on this communication could potentially expose you to a significant risk of losing all of the property invested by you or the incurring by you of additional liability. No representation or warranty, express or implied, is given by the Company, its Directors or employees, or their professional advisers as to the accuracy, fairness, sufficiency or completeness of the information, opinions or beliefs contained in this document. Save in the case of fraud, no liability is accepted for any loss, cost or damage suffered or incurred as a result of the reliance on such information, opinions or beliefs. The Presentation Materials have been prepared by and are the sole responsibility of the Directors and the Company. If you are in any doubt about the investment to which these Presentation Materials relate, you should consult a person authorised by the Financial Conduct Authority who specialises in advising on securities of the kind described in this document. The Presentation Materials are confidential and are being supplied to you for your own information. They may not (directly or indirectly) be reproduced, further distributed to any person or published, in whole or in part, for any purpose whatsoever. Neither this document, nor any copy of it, may be taken or transmitted into the United States, Canada, Australia, Ireland, South Africa or Japan or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws. Corporate Presentation - March 2018 1
GOLDPLAT AT A GLANCE GOLD PRIMARY RECOVERY MINING Growing ‘Green’ Gold Profitable Price target of 15.3p* – a Environmental solution EBITDA for FY 2017 of to dispose of by- 106% premium to products from mining £3.8m activities the current share price *Price target by WH Ireland as at 26.02.18 Corporate Presentation - March 2018 2
KEY DATA Market AIM Board Ticker GDP Matthew Robinson Non-Executive Chairman Share price* 7.425p Gerard Kisbey-Green Chief Executive Officer Shares in issue 167 million Hansie van Vreden Chief Operating Officer Market Cap* £12.55 million Werner Klingenberg Financial Director NOMAD Grant Thornton Ian Visagie Executive Director Broker WH Ireland Nigel Wyatt Non-Executive Director Financial PR St Brides Partners Sango Ntsaluba Non-Executive Director *As at market close 26.02.18 9 Major Shareholders (top 5) % Holding 8.5 Martin Ooi 10.00 8 7.5 Fidelity Investments (held by Chase Nominees Limited) 8.91 7 HSDL Nominees Limited 8.02 6.5 6 TD Direct Investing Nominees (Europe) Limited 6.30 5.5 Fitel Nominees Limited 6.01 5 Directors / Key Management 2.06 Corporate Presentation - March 2018 3
INVESTMENT CASE Cash generative and profitable with a clear development path to build production Undervalued relative to peers with a price target of 15.3p Underleveraged with a capacity to raise non-dilutionary capital for growth projects Targeting 50,000oz Au p.a from gold recovery and 50,000oz Au p.a from primary mining in next 2-3 years Niche recovery business with an experienced management team and global opportunities being targeted for growth Primary mining operation in Kenya with 670,000oz Resource and growing production Corporate Presentation - March 2018 4
GOLD RECOVERY: GOLD PRODUCTION WITH A DIFFERENCE Two market leading gold recovery operations in South Africa and Ghana, recovering gold from by-products of the mining process: SOURCING MATERIALS Goldplat Recovery (Pty) Limited SA Gold Recovery Ghana Limited Africa • FROM: GHANA SOUTH AFRICA South America Produced 29,418 oz Au FY 2017 Produced 10,031 oz Au FY 2017 • • AFRICA (FY 2016: 28,778oz Au) (FY 2016: 6,883oz Au) • SOUTH AMERICA North America • Produced 13,968 oz Au H1 FY 2018 Produced 3,597 oz Au H1 FY 2018 • NORTH AMERICA (H1 FY 2017: 12,539 oz Au) (H1 FY 2017: 7,588 oz Au) Corporate Presentation - March 2018 5
GOLD RECOVERY: THE VALUE PROCESS PROCESSES CLIENTS MATERIALS PRODUCTION Goldplat process the material • Blue chip gold Includes: Revenues generated out of: through various processing producers • fine carbon • Gold doré • Platinum group • circuits to maximise recovery: • mill liners Silver doré metal producers • wood chips • • Platinum Group Metal Carbon-in-Leach circuits • Other refiners • grease concentrates • Wash Plants • Artisanal mining • • Plant clean-ups Other ash and concentrates • Spiral Circuits clean-ups • Tailings • Incinerators • Shot Blasting • Rotary Kilns • Flotation Circuits • Elution Circuits Wood chips Wash Plant Elution Column Rotary Kiln Mill liners Corporate Presentation - March 2018 6
GOLD RECOVERY: GREEN GOLD PRODUCER Environmental Artisanal Tailings/ “Responsible Gold” A partner of the Low Energy solution for by- Mining Clean-Up Accreditation United Nations Footprint products from Environment • • Re-processing GPL & GRG Programme’s • Research underway mines: artisanal tailings certified into pyrolysis to Global Mercury further reduce • Extracting metals Partnership • • Ensures responsible Pilot plant being energy consumption from by-products ( Minamata supply chain of all commissioned in Convention) Ghana to remove sourced material • Lower energy usage • Removal of hazardous mercury per gold production harmful elements • Working together to • and cyanide Adheres to the ounce reduce the harmful London Bullion • Environmentally impact of mercury • Market Association's Appointed to clean-up friendly deposition pollution a decommissioned 'Responsible Gold gold operation in Guidance' and the South Africa World Gold Council certification of 'Conflict-Free' gold Corporate Presentation - March 2018 7
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