Goldplat commissions elution plant at South African gold recovery operation

17 November 2015 (Last Updated November 17th, 2015 18:30)

Goldplat has commissioned the first of the 4t elution columns acquired from DRD Gold at its South African gold recovery operation Goldplat Recovery (GPL) in Gauteng.

Goldplat has commissioned the first of the 4t elution columns acquired from DRD Gold at its South African gold recovery operation Goldplat Recovery (GPL) in Gauteng.

According to the company, completion of the project serves as an important milestone in its turnaround strategy.

In addition, with the commissioning of the new plant, the company will be able to clear the remainder of the backlog gold inventory and provide capacity for increased production in the future.

Goldplat CEO Gerard Kisbey-Green said: "The increase in our elution capacity to an average daily throughput rate 8t per day supports Goldplat's strategy to capture more of the gold recovery value chain in-house and completes another significant capital project.

"The increase in our elution capacity to an average daily throughput rate 8t per day supports Goldplat's strategy to capture more of the gold recovery value chain in-house."

"I am again proud of the team for the good work done and look forward to tracking the success of this increased elution capacity as we look to increase gold production and revenues for the company."

Goldplat is still planning to make decisions with regard to the timing and location of installation of the remaining two elution columns that were also bought from DRD Gold.

One plant is expected to be moved to the company's gold recovery operation in Ghana in 2016.

Goldplat Recovery operates from a 22ha freehold site near Benoni in Gauteng, which is adjacent to the centre of the East Rand Goldfield.

Using various extraction processes and multiple process lines, the operations will be able to keep materials separate.

The processes include roasting in a rotary kiln, crushing, milling, thickening, flotation, gravity concentrators, leaching, CIL, elution and smelting of bullion.