REG - Caracal Gold PLC - Board Change

Caracal GoldAnnouncement

13/01/2023 16:30

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RNS Number : 7307M  Caracal Gold PLC  13 January 2023

 
Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

13 January 2023

 
Caracal Gold plc ('Caracal' or the
'Company')

Board Change

 

Caracal Gold plc, the expanding East African gold producer with over
1,300,000oz JORC-compliant gold resources, announces that Mr Simon Games
Thomas has stepped down from his position as Non-Executive Chairman, effective
immediately.  A replacement Chairman will be appointed in due course, with
Caracal in advanced discussions with a potential candidate.

 

A combined Q3 and Q4 operational update will be provided as an H1 update in
conjunction with the upcoming Annual General Meeting to be held at 10:00am on
Monday 23 January 2023 at VSA Capital Limited, Park House, 16-18 Finsbury
Circus, London, EC2M 7EB.

 

**ENDS**

 

For further information visit www.caracalgold.com or contact the following:

 

 Caracal Gold plc                                      info@caracalgold.com (mailto:info@caracalgold.com)

 Robbie McCrae
 Clear Capital Markets Ltd                             +44 203 897 0981

 Joint Broker                                          +44 203 869 6086

 Keith Swann / Jonathan Critchley
 VSA Capital Ltd                                       +44 203 005 5000

 Financial Adviser and Joint Broker

 Andrew Raca (Corporate Finance)

 Andrew Monk / David Scriven (Corporate Broking)
 St Brides Partners Ltd                                caracal@stbridespartners.co.uk (mailto:caracal@stbridespartners.co.uk)

 Financial PR

 Charlotte Page / Isabel de Salis / Isabelle Morris
 DGWA, the German Institute for Asset and              info@dgwa.org (mailto:info@dgwa.org)

 Equity Allocation and Valuation

 European Investor and Corporate Relations Advisor

 Katharina Löckinger

 

Notes

Caracal Gold plc is an expanding 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 within 18
months from its listing in August 2021.  We are progressing a well-defined
mine optimisation strategy at our 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. 706,000oz). Our 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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