REG - Empire Metals Ltd - Board Change

Empire MetalsAnnouncement

13/06/2022 07:00

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RNS Number : 4798O  Empire Metals Limited  13 June 2022

 

Empire Metals Limited / AIM: EEE / Sector: Natural Resources

13 June 2022

Empire Metals Limited

('Empire' or the 'Company')

 

Board Change

 

Empire Metals Limited, the AIM-quoted resource exploration and development
company, announces that Mr Michael ('Mike') Struthers, Non-Executive Director,
is stepping down from the Board with immediate effect.  The Board would like
to thank Mike for his commitment and contribution over the past four years and
wish him well.

 

Shaun Bunn, Managing Director, said: "Mike has been a trusted and extremely
knowledgeable board member over the past four years, and I would like to take
this opportunity to thank him for his significant input.  During his three
years as CEO, he worked tirelessly to advance the Company's then-Georgian
assets, navigating the various external challenges the business faced towards
finding a positive outcome for shareholders.  Since our strategic move away
from Georgia in 2020, Mike has been a huge advocate for our exploration and
development initiatives in Australia and I am sure he will continue his
support for our work as a shareholder of the Company."

 

Neil O'Brien, Chairman, said: "I would like to extend my thanks to Mike for
his significant efforts over the past four years and his influence in
reshaping the future of the Company.  Mike possesses a wealth of technical
experience, and he was instrumental in the formation of our new portfolio of
assets in Australia.  It is important to note this depth of technical
experience is retained through Shaun, supported by the technical team that
Shaun has built over the past 12 months and who are now largely located in
Australia, the location of our now expanded exploration footprint.  I believe
this is a logical and pragmatic development given the changes and growth of
the business over the past 12 months, and one which reflects the profile and
focus of the Company.  I wish Mike the very best for the future and I look
forward to our providing regular updates to the market documenting our
continued progress at the Eclipse-Gindalbie Gold Project and our newly
acquired Pitfield Copper-Gold Project, Walton Copper-Gold Project and the
Stavely Copper-Gold Project."

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014, as incorporated into UK law by the European Union (Withdrawal) Act
2018, until the release of this announcement.

 

**ENDS**

For further information please visit www.empiremetals.co.uk
(http://www.empiremetals.co.uk)   or contact:

 Empire Metals Ltd                                                                       Tel: 020 7907 9327

 Shaun Bunn /Greg Kuenzel
 S. P. Angel Corporate Finance LLP (Nomad & Broker)                                      Tel: 020 3470 0470

 Ewan Leggat /Adam Cowl
 Shard Capital Partners LLP (Joint Broker)                                               Tel: 020 7186 9950

 Damon Heath
 St Brides Partners Ltd (Financial                                                       Tel: 020 7236 1177
 PR)

 Susie Geliher/ Ana Ribeiro/ Selina Lovell

 

About Empire Metals Limited

Empire Metals is an AIM-listed (LON: EEE) exploration and resource development
company with a project portfolio comprising gold interests in Australia and
Austria.

 

The Company's strategy is to develop a pipeline of projects at different
stages in the development curve. Its initial focus has been on the high-grade
Eclipse and Gindalbie Gold Projects in Western Australia.  The Company
expanded its exploration licence area in April 2022 from 9.5km2 to 1,728km2
with the acquisition of the Pitfield Copper-Gold Project and the Walton
Copper-Gold Project in Western Australia, and the Stavely Copper-Gold Project
in the Stavely Arc region of Victoria.

 

Empire also holds a portfolio of three precious metals projects located an
historically high-grade gold production region comprising the Rotgulden,
Schonberg and Walchen prospects in central-southern Austria.

 

The Board continues to evaluate opportunities through which to realise the
value of its wider portfolio and reviews further assets which meet the
Company's investment criteria.

 

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