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Goldplat plc

Goldplat plc New Board Appointments Invaluable in Long-term Growth Strategy

Goldplat plc, (LON:GDP) the AIM listed gold producer, has today announced the Board appointments of Sango Ntsaluba as Non-Executive Director and Werner Klingenberg as Finance Director, both with immediate effect. Mr. Ntsaluba is Chairman of Goldplat Recovery (Pty) Ltd and is a pre-eminent name in the accountancy and auditing profession in South Africa. Having previously held the position of Goldplat’s Group Financial Manager, Mr. Klingenberg has a solid knowledge and understanding of the Company’s gold recovery and mining operations. He takes over as Goldplat’s Finance Director from Ian Visagie who remains on the Board as an Executive Director, in which role the Board can continue to draw upon his extensive experience as a founder of Goldplat, Finance Director and previous acting CEO. Together they will be critical in supporting the continued growth of Goldplat as it looks to build its productivity and profitability. This growth is mainly being driven through the international expansion of the Company’s gold recovery operations in South Africa and Ghana and the construction of a new processing facility to increase capacity at its gold mine in Kenya.

Mr. Ntsaluba is the executive chairman and co-founder of NMT Capital, a diversified investment holding group. He has built an illustrious career within South Africa, spanning over 30 years. This includes successfully founding Sizwe Ntsaluba Gobodo, one of South Africa’s ‘Big 5’ accounting firms. Alongside a distinguished auditing career, Mr Ntsaluba has extensive corporate experience in areas that include logistics and the automotive industry. He currently serves as an independent board member of Barloworld Limited, a leading global industrial company listed on the Johannesburg Stock Exchange (“JSE”), with responsibility for chairing the group’s audit committee. He also serves on the boards of Pioneer Foods, a producer and distributor of a range of branded food and beverage products, as well as Basil Read Holdings Limited, a diversified construction company. Both of these companies are also listed on the JSE. Mr. Ntsaluba is the Chairman of the board of Goldplat’s subsidiary, Goldplat Recovery (Pty) Ltd. NMT Capital (Pty) Limited, a company of which Mr. Ntsaluba is a director and shareholder, holds a 26 per cent interest in Goldplat Recovery (Pty) Limited.

Having initially qualified as a Chartered Accountant with Deloitte in South Africa, Mr. Klingenberg has accrued significant commercial experience, both within Southern Africa and at an international level. His extensive knowledge spans audit management, financial management and systems. Having initially worked within the telecommunications and retail industries, Mr. Klingenberg joined Goldplat in 2015 as Group Financial Manager. Within this role he has been integral in managing Goldplat’s financial affairs. With a proven knowledge and understanding of the Company’s gold operations, he brings a wealth of experience that makes him best placed to occupy the role of Finance Director, as the Company continues to deliver on its strategy of increasing productivity and profitability.

Matthew Robinson, Goldplat Plc Non-Executive Chairman, said, “I am delighted to welcome Sango and Werner to the Board. Their individual experience both at the corporate and financial level will be invaluable to our Company as we continue to deliver on our long-term growth strategy of increasing gold productivity and profitability. With the global expansion of our gold recovery operations well underway and our strategy to increase processing capacity at our Kilimapesa Gold Mine already showing value, I believe our Company is entering a new phase of growth. I look forward to working with Sango and Werner, together with the rest of our board, as we look to build sustainable growth and generate meaningful value for our shareholders.”

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.