Caracal Gold PLC Board Changes (7194S)
18 Julio 2022 - 1:30AM
UK Regulatory
TIDMGCAT
RNS Number : 7194S
Caracal Gold PLC
18 July 2022
Caracal Gold plc / EPIC: GCAT / Market: Main / Sector:
Mining
18 July 2022
Caracal Gold plc ('Caracal' or the 'Company')
Board Changes
Caracal Gold plc, the expanding East African gold producer with
over 1,300,000oz JORC-compliant gold resources, is pleased to
announce that Mr. Riaan Lombard has been appointed to the Board of
Caracal Gold Plc ("Caracal") as an Executive Director and Chief
Operating Officer ("COO"), effective immediately. Mr. Lombard is a
qualified mining engineer and native of Namibia with 25 years of
experience across a multitude of senior management and technical
roles and a diverse range of commodity projects in West Africa,
East Africa, and South America.
Mr. Lombard has held the role of General Manager of Caracal's
fully owned subsidiary Kilimapesa Gold (Pty) Ltd, which operates
the Company's flagship Kenyan mine, since February 2022 (refer RNS
announcement 13 January 2022). He has also been instrumental in
Caracal's recent acquisition of the Nyakafuru Project in Tanzania,
which is located in the world-class Lake Victoria Gold Fields.
Accordingly, Mr. Lombard is uniquely qualified support the Company,
as it focusses on delivering on its strategic objectives of
building production and profitability across its portfolio,
targeting +50,000oz p.a. gold production and +3Moz JORC Compliant
Resources.
The Company is also pleased to announce the board appointment of
Mr. Stefan Mülller as a Non-Executive Director, effective
immediately. Mr. Müller has extensive corporate and financial
experience having supported over 250 capital market transactions
during his career and served on the boards of a number of national
and international companies. He started his career at Dresdner Bank
AG in international securities trading before becoming Senior Vice
President at Bankhaus Sal Oppenheim (Europe's largest private bank
at the time). He subsequently worked in asset management before
founding DGWA - Deutsche Gesellschaft für Wertpapieranalyse GmbH
(German Institute for Asset and Equity Allocation and Valuation), a
German Investment Banking Boutique focused on the global mining and
resources industry, where he is still CEO. He is also a board
member of the German Federation of International Mining and Mineral
Resources (FAB), and a member of the DIN Technical Committee, which
is establishing a new ISO standard for lithium. His corporate and
financial experience will support the Company in delivering on its
growth strategy.
As part of the Board changes, the Company announces that Mr.
Gerard Kisbey-Green, current Executive Director, will become a
Non-Executive Director, effective immediately.
Simon Games-Thomas, Chairman of Caracal Gold Plc said,
"We are delighted to welcome Riaan and Stefan to the Board.
Since joining the Company in February, Riaan has enjoyed great
success in helping us enhance the operational efficiency and build
production at our flagship Kilimapesa Mine whilst also being a
driving force in our acquisition of the Nyakafuru Project in
Tanzania, which offers significant growth opportunity. Accordingly,
his appointment as COO is an obvious next step. Add to this the
Stefan's extensive financial and corporate experience and I believe
that these appointments round off the Board perfectly. We look
forward to working together to continue to deliver on the overall
strategy and success of establishing Caracal as a leading East
African gold producer."
The following information is disclosed about Mr. Riaan
Lombard:
Current Directorships / Partnerships Previous Directorships / Partnerships
held in the past 5 years
Elspe Mineral (PTY) Ltd
--------------------------------------
Elspe Mining
--------------------------------------
Mr. Lombard does not currently hold any ordinary shares in the
Company.
The following information is disclosed about Mr. Stefan
Mülller:
Current Directorships / Partnerships Previous Directorships / Partnerships
held in the past 5 years
DGWA - Deutsche Gesellschaft
für Wertpapieranalyse GmbH
(German Institute for Asset
and Equity Allocation and Valuation)
--------------------------------------
German Federation of International
Mining and Mineral Resources
(FAB)
--------------------------------------
AGRARIUS AG - Supervisory Board
--------------------------------------
Mr. Stefan Mülller currently holds 10,000,000 ordinary shares in
the Company.
**ENDS**
For further information visit www.caracalgold.com or contact the
following:
Caracal Gold plc info@caracalgold.com
Robbie McCrae
Sheila Boit
VSA Capital Ltd
Financial Adviser and Joint Broker
Andrew Raca (Corporate Finance)
David Scriven / Andrew Monk (Corporate
Broking) +44 203 005 5000
-------------------------------
Clear Capital Markets Limited
Joint Broker +44 203 897 0981 / +44 203
Keith Swann / Jon Critchley 869 6086
-------------------------------
St Brides Partners Ltd caracal@stbridespartners.co.uk
Financial PR
Charlotte Page / Isabel de Salis
/ Isabelle Morris
-------------------------------
DGWA, the German Institute for info@dgwa.org
Asset and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Katharina Löckinger
-------------------------------
Notes
Caracal Gold plc is an emerging East African focused gold
producer with a clear path to grow production and resources both
organically and through strategic acquisitions. Its aim is to
rapidly increase production to +50,000ozs p.a. and build a JORC
compliant resource base of +3Moz. To this end, it is progressing a
well-defined mine optimisation strategy at its 100% owned
Kilimapesa Gold Mine in Kenya, where there is significant mid-term
expansion potential and ability to increase gold production to
24,000oz p.a. and the resource to +2Moz (current JORC compliant
resources of approx. 671,000oz). Additionally, its experienced
team, with proven track record in successfully developing and
operating mining projects throughout Africa, is reviewing other
complementary and strategically located gold mine and development
projects in East Africa.
Caracal is a responsible mining and exploration company and
supports the positive social and economic change that it
contributes to the communities in the regions that it operates. It
is a proudly East African-focused company: it buys locally, employs
locally, and protects the environment and its employees and their
families' health, safety, and wellbeing.
Caracal's shares are quoted on the Main Market of the London
Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange
(FSE: 6IK); a listing on the Nairobi Securities Exchange is
underway.
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