REG - Kendrick Resources - Espedalen Drill Programme and Director Appointment

Kendrick ResourcesAnnouncement

31/01/2023 14:30

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RNS Number : 4593O  Kendrick Resources PLC  31 January 2023

 

31 January 2023

Kendrick Resources Plc

("Kendrick" or the "Company")

Commencement of Espedalen Drill Programme

and appointment of Director

 

Kendrick Resources Plc (LSE: KEN), the mineral exploration and development
company with nickel, vanadium and copper projects in Norway, Sweden and
Finland is pleased to inform shareholders of;

 

·    the commencement of a maiden diamond drill programme at the Espedalen
nickel project in central southern Norway and

 

·    the appointment of Martyn Churchouse as Managing Director of the
Company with immediate effect and the addition to the Company's exploration
team of Vassilios Carellas as Operations Director and Edine Bakker as
Exploration Manager.

 

Highlights

·    Drilling of 17 drill holes for approximately 1,700m four holes
completed with visible sulphite mineralisation observed on three of the
holes.

 

·    Drilling will focus on the Stormyra ore body that currently contains
a JORC (2012) Inferred Mineral Resource of 1.16Mt @ 1% Ni, 0.42% Cu and 0.04%
Co

 

·    A public meeting was held with the Local Community in January to
brief them on the Company's upcoming exploratory activities

 

·    Completion of the recently commissioned geophysical review for the
Espedalen project area identified a potential southerly extension to the
Stormyra ore body that is to be followed up with a confirmatory ground-based
electromagnetic survey

 

·    Martyn Churchhouse is a Geologist and consultant with over 40 years
of experience working in the mining industry and will lead the Company's
exploration activities in Scandinavia

 

Colin Bird, Executive Chairman of Kendrick Resources Plc, commented:

"We are very pleased to announce the commencement of drilling in Norway and to
welcome Martyn Churchouse as a director of the company and Vassilios and Edine
to our exploration team and the three of them will be working on all aspects
of the Company's exploration program, including designing, permitting, and
coordinating of all key activities required to advance the Company's portfolio
of early-stage and advanced exploration projects.

 

Scheduling of exploration in Norway is predicated by the need to comply with
local legislation aimed at minimising any impact on the environment. For this
reason drilling at Espedalen is largely confined to mid-winter when frozen
ground improves access for plant and equipment and avoids potential damage to
soil cover and vegetation.

 

A review of historic geophysical data by an external consultant highlighted
that a historic helicopter EM survey showed an increase in bedrock
conductivities to the southeast of Stormyra that are to be followed up with a
ground based EM survey to firm up on its extents.

 

A public meeting was held at the Heimly Assembly Hall in Svatsum on the 11
January 2023. The meeting, which was also live-streamed, was well attended
providing information about the Company and its upcoming exploratory
activities to a large number of people, both locally and nationally."

 

 

Appointment of Martyn Churchouse:

Martyn Churchhouse is a Geologist and consultant with over 40 years experience
working in the mining industry. He graduated from the University of London
with a BSc in Geology and also has a MSc in Mining & Exploration from the
Camborne School of Mines. Martyn has had experience as a board director and
founder of many AIM listed mining and resource companies. Since the beginning
of 2022 Martyn has been a consultant to an exploration company with oversight
of exploration and mine development programmes covering multiple targets and
resources on the African sub-continent.

 

The following information is disclosed about Mr. Martyn Churchouse:

 

 Current Directorships / Partnerships         Previous Directorships / Partnerships held in the past 5 years
 New Cyprus Copper P.A. Ltd; Cypriot company  Caerus Mineral Resources PLC
 Bybrook Community Concierge Ltd
 Ford Flyfishers Limited
 M Churchouse Consultancy Limited

 

Exploration Team

Vassilios Carellas has been appointed as operation director and is a natural
resources professional with over twenty-five years of corporate and operations
experience in the mining and exploration industry. Corporate experience
includes the executive management and financing of publicly listed exploration
and development companies, while operating experience gained in the general
management of producing mines, mining operations and exploration activities.

 

Vassilios is currently the COO for AIM listed Arc Minerals Ltd which is
actively exploring for copper and cobalt in Zambia and Botswana as well as on
the board of an Ivory Coast focused lithium exploration company Firering
Strategic Minerals.

 

Edine Bakker is a geologist with a decade's experience in mineral exploration,
covering multiple commodities across the European continent, as well as
extensive experience in both greenfield and near-mine exploration programmes.
Edine holds a Bachelor of Science degree in Geology from Vrije Universiteit
Amsterdam, as well as a Master of Science (MSc) degree in Economic Geology
from Eidgenössische Technische Hochschule Zürich.

 

Edine commenced her professional career in exploration in central and
south-eastern Europe, before moving to Sweden. She has worked in all the
prolific mining districts in Sweden, having held geologist positions with
Boliden and Mandalay Resources. Most recently she held the position of
exploration manager for Gold Line Resources managing a portfolio of assets in
Fennoscandia.

 

In addition to her hands-on field experience, Edine has done project
management for several multi million-dollar international applied research
projects developing innovative exploration and mining technology. Edine has
also held the reputable position of Geologist for the Economic Geology Unit,
for the Mineral Resources department at the Geological Survey of Sweden. She
has working proficiency in the English, Swedish, Dutch, and German languages.

 

 

Further information on the Company's projects can be found on the Company's
website at: https://www.kendrickresources.com/
(https://www.kendrickresources.com/)

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

 

 

 -ENDS-

 For additional information please contact:
 Kendrick Resources Plc:     Tel: +44 203 961 6086

 Chairman                    Colin Bird

 Novum Securities            Tel: +44 7399 9400
 Financial Adviser           David Coffman / George Duxberry

 Joint Broker                Jon Bellis

 Shard Capital Partners LLP  Tel: +44 207 186 9952

 Joint Broker                Damon Heath / Isabella Pierre

 

Qualified Person:

The technical information contained in this announcement has been reviewed,
verified, and approved by Colin Bird, CC.ENG, FIMMM, South African and UK
Certified Mine Manager and Director of African Pioneer plc, with more than 40
years' experience mainly in hard rock mining.

 

About Kendrick Resources Plc

Kendrick Resources Plc is a mineral exploration and development company with
projects primarily based across Scandinavia. The principal of its business is
to explore the opportunities within the natural resources sector with a focus
on battery, base, and precious metals including but not limited to nickel,
vanadium and copper. In doing so, the Company is looking to build a long-term
energy metals business in Scandinavia which delivers energy metals to Europe
to help enable its renewable energy transformation by building a top tier
energy metals production business.

 

 

 

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