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RNS Number : 5178G Caracal Gold PLC 19 July 2023
Caracal Gold plc
('Caracal' or the 'Company')
Resignation of Non-Executive Director
Caracal Gold plc, the expanding East African gold producer with over
1,300,000oz JORC-compliant gold resources, announces that Non-Executive
Director, Rachel Johnston, has informed management of their resignation to
pursue other opportunities.
The Caracal Board thanks Rachel for her time at the Company and wishes her the
best with the next step in her career.
The Board are exploring a suitable replacement to Rachel and will announce
this in due course.
Caracal Gold plc robbie@kilimapesa.com
Robbie McCrae
VSA Capital Limited +44 203 005 5000
Financial Adviser and Joint Broker
Andrew Raca (Corporate Finance)
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. The company
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 the ability to increase gold production to 24,000oz p.a. and the
resource to +2Moz (current JORC compliant resources of approx. 706,000oz).
Alongside this, Caracal is undertaking a targeted exploration programme at the
Nyakafuru Project in Tanzania, which has an established high-grade shallow
gold resource of 658,751oz at 2.08g/t contained within four deposits over 280
km2 and appears amenable to development as a large scale conventional open pit
operation.
Caracal's experienced team has a proven track record in successfully
developing and operating mining projects throughout Africa.
The Company 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). The Company is
also in the process of listing on the Nairobi Securities Exchange.
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