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RNS Number : 6083C Scotgold Resources Ltd 14 June 2023
14 June 2023
Scotgold Resources Limited
("Scotgold" or the "Company")
Board Appointment
Scotgold Resources Limited (AIM: SGZ), Scotland's first commercial gold
producer, announces that Maurice Mason has been appointed as a Non-executive
Director with immediate effect.
Mr Mason has over 20 years' experience within the mining industry. He has
previously held roles in Anglo American, where he was responsible for supply
chain optimisation and procurement project delivery across the group's
commodity profile. He is currently the Vice President of Corporate Development
at Caledonia Mining Corporation Plc, a gold producer whose primary asset is in
the Blanket Mine in Zimbabwe. Before joining Caledonia, Maurice was a
securities analyst focussing on the mining sector.
Commenting on the appointment, Peter Hetherington, Non-executive Chairman
said:
"I am delighted to welcome Maurice to Scotgold as a Non-executive Director.
Maurice's expertise in the mining industry will be valuable to continuing to
drive the ongoing development and production from our Cononish gold mine and
the wider area. The Board looks forward to working with Maurice."
Please refer to Annex 1 for all further disclosure relating to Rule 17 or
paragraph (g) of Schedule 2 of the AIM Rules for Companies.
**ENDS**
Scotgold Resources Limited Via Celicourt Communications
Peter Hetherington, Non-executive Chairman
Sean Duffy, Interim CEO and CFO
Shore Capital (Nomad and Broker) Tel +44 (0) 20 7408 4090
Toby Gibbs / John More / Tom Knibbs
Celicourt Communications (Financial PR) Tel +44 (0) 774 8843 871
Felicity Winkles / Ariana Fanning
ANNEX 1
Regulatory Disclosures (in accordance with Rule 17 and Schedule Two paragraph
(g) of the AIM Rules for Companies)
Save for the information set out above and below, there are no further
disclosures to be made in accordance with Rule 17 and Schedule Two paragraph
(g) of the AIM Rules for Companies in respect of the appointment of Maurice
John Mason, aged 49. Mr. Mason holds 6,898,808 ordinary shares in the Company.
3,444,404 ordinary shares are held by his wife, Mrs. Nicole Mason and 10,000
ordinary shares are held by his dependent child.
Maurice Mason, is, or has been in the previous five years, a director of the
following companies:
Current directorships Previous directorships
Greenstone Management Services Holdings Limited None
Kassandra Investments Limited
Notes
Scotgold Resources Ltd (AIM:SGZ), is Scotland's first commercial gold
producer. The Company poured first gold in November 2020 at its Cononish Gold
and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it into a
planned +23,500-ounce gold mine per annum. Cononish is a high-grade
underground mining operation with a central processing plant producing gold
concentrate for off-take and gold doré for the Scottish Jewellery industry.
The mine has anticipated forecast operating costs of c.£610 per ounce Q4
2023, which will place Cononish in the lowest quartile of gold mining
operations globally.
It is Scotgold's vision to build a mid-tier gold mining company in Scotland
with multiple operations in the country that enhance the local environment
and economy in ways that have an enduring positive impact.
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