Goldplat plc, an AIM listed gold producer with international gold recovery operations located in South Africa and Ghana, has announced the grant of its water use license in South Africa.
The Department of Water and Sanitation of the Republic of South Africa has authorised the water use by Goldplat Recovery (Pty) Ltd (a subsidiary of the group in South Africa), which includes the abstraction and use of water in its recovery processes and the impact of its disposal of tailings on a new tailings’ storage facility (TSF), according to the conditions set out in the license, which is valid for 12 years.
TSF, which is adjacent to the current TSF, will be constructed over the next four months at a remaining cost of £350 000. The new TSF is expected to have sufficient capacity to store the tailings that will be will produced in the current operations for the next seven years.
The new TSF will also allow the company to divert all deposition from the current facility, which will provide us with the ability of processing the current facility to recover the JORC resource of an estimated 81 959 oz of gold through a third-party facility. To enable Goldplat to process the current TSF through a third-party facility, it will require approval to install a pipeline to this third-party processing facility and will need to finalise commercial agreements with the third-party. This is expected to receive approval by the end of the current financial year.
Werner Klingenberg, CEO of Goldplat, commented: “I want to congratulate and thank the whole team that have been involved in ensuring we develop the necessary water use management plan and work with authorities to get the water use license authorised, and I am extremely pleased with the authorisation received. The license is not just the first step towards the processing of our current TSF, but an integral part to our South African operation to deliver on our future plans. The water use management plan will also ensure good governance in regards with water use and its impact on the surroundings.”