REG - ACG Metals Ltd. - Appointment of Sulphide Expansion Management Team

ACG MetalsAnnouncement

22/10/2024 07:00

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RNS Number : 0987J  ACG Metals Limited  22 October 2024

22 October 2024

 

ACG METALS LIMITED
("ACG" or the "Company")

Appointment of Senior Sulphide Expansion Management Team at the Gediktepe Mine

 

ACG Metals Limited is pleased to announce the appointment of Graeme Rapley,
Victor Ayala and Yusuf Karaman as the Senior Project Management team for the
Sulphide Brownfield Expansion Project at the Gediktepe Mine to further enhance
operations.

 

Graeme Rapley joins ACG as the Gediktepe Technical Project Director and will
lead the construction of the Sulphide Brownfield Expansion Project. He will be
supported by Yusuf Karaman, who has joined the team as Project Manager. Victor
Ayala joins ACG as the Gediktepe Financial Director and will lead on all
financial matters on site.

 

Together with GAP Construction, the EPC Contractor which has vast experience
in constructing processing facilities and flotation plants, and Lidya's
in-country project management support, ACG now has a first-class team on site
with an established track record of working on complex projects and extensive
experience of working in Türkiye.

 

Graeme, Victor and Yusuf will bring their collective mining experience to
support General Manager Berkant Özdemir and the existing on site team with
ACG initiatives as well as offering guidance on opportunities to drive forward
operational success at Gediktepe.

 

With over 20 years of experience in the sector, Mr Rapley is an accomplished
Copper, Gold, Zinc, Nickel, and Coal mining professional. He has a proven
track record in overseeing large-scale projects and enhancing financial
efficiency. Most recently, he served as Project Director at Tara Resources in
Montenegro and previously he held the role of Operations Director at Centerra
Gold Inc.'s Oksut Mine in Türkiye.

 

Victor Ayala is a finance expert with over 18 years of experience in the
mining industry across four continents and multiple commodities. Most
recently, Mr Ayala was a Senior Finance Manager at Tara Resources where he
helped progress the Brskovo Mine project. He has also previously held roles at
Eurasian Resources Group, MMG Limited and Cerrejon.

 

Yusuf Karaman is a construction and project manager with over 15 years
of experience in mining. He was most recently a construction manager for
Aldridge Mineral Mining's Yenipazar Polymetallic project and has previously
held senior roles at Centerra Gold and Inomek Machinery.

 

The Gediktepe Mine is an operating open pit mine currently producing gold and
silver, which targets annual steady-state copper equivalent production of
20-25 kt from 2026 following a fully permitted sulphide expansion project.

 

Artem Volynets, Chairman and CEO of ACG, said:

"We are thrilled to welcome the new members to our already first-class
leadership team at Gediktepe. Their deep experience in the mining sector and
professional expertise will be invaluable as we look to drive operations
forward and enhance the mine's potential."

 

- ENDS -

The person responsible for the release of this information on behalf of the
Company is Artem Volynets, Chief Executive Officer.

 

For further information please contact:

 

Palatine
acg@palatine-media.com (mailto:acg@palatine-media.com)

Communications Advisor

Conal Walsh / James Gilheany/ Kelsey Traynor/ Richard Seed

 

About the Company

 

ACG is a company with a vision to consolidate the critical metals industry,
starting with the copper sector. Through a series of roll-up acquisitions, ACG
intends to become a premier supplier of copper and other critical metals to
the western OEM supply chain, with best-in-class ESG and carbon footprint
characteristics.

 

In September 2024, ACG successfully completed the acquisition of the Gediktepe
Mine, an operating open pit mine in Türkiye currently producing 34 koz of
gold and 361 koz of silver. Gediktepe is expected to transition to primary
copper and zinc production from 2026 and will target annual steady-state
copper equivalent production of 20-25 kt.

 

ACG's team has extensive M&A experience built through decades spent at
blue-chip multinationals in the sector. The team brings a significant network
as well as a commitment to ESG principles and strong corporate governance.

 

For more information about ACG, please visit: www.acgcorp.co
(http://www.acgcorp.co/)

 

 

 

 

 

 

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