Goldplat Plc announced an update on its tailing storage facility ("TSF"). Goldplat is in the process of upgrading the TSF at the South African operation. Construction commenced in Second Quarter (December 2022) and construction was planned to be completed by the end of Fourth Quarter (June 2023) with the one-month commissioning phase to commence on the 1st of July 2023.

After numerous discussions and meetings with the Regulator, they have confirmed the requirement for specific monitoring equipment. The order for the specific monitoring equipment, which has a lead time of 4 - 6 weeks, has been placed. The current project construction phase, which includes the installation of High Density Polyethylene (HDPE) liner and specific monitoring equipment, is estimated to be completed by the end the end of July 2023 with commissioning to commence at the beginning of August.