Under the LOI, Goldplat Recovery will initially undertake analysis of all of surface reserves from DRD’s East Rand Proprietary Mines operation, including old shaft areas, railway lines and the gold plant itself, following which contracts will be signed based on the volumes, grades and recovery for the viable reserves established.
The company also said that its second gold recovery business in Ghana, Gold Recovery Ghana, is making solid progress in the expansion of the business and processing operation.
The company is currently in discussions with West African mining companies in Mali and Burkina Faso regarding the acquisition of further processing by-products for gold recovery.
Goldplat CEO Demetri Manolis said Goldplat continues to expand its gold recovery business and build relationships within its core market areas.
"Gold production for the year to 30 June 2010 was 21,461 ounces and we believe that with additional contracts we will continue to build on our performance and further increase production," Manolis said.
