REG - SolGold PLC - Appointment of Key Executives

SolGoldAnnouncement

14/07/2022 07:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220714:nRSN4651Sa&default-theme=true

RNS Number : 4651S  SolGold PLC  14 July 2022

14 July 2022

SolGold plc

("SolGold" or the "Company")

Appointment of Key Executives

 

The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to announce
the appointments of Steven Botts to the position of President of SolGold's
Ecuador subsidiaries, Harold 'Bernie' Loyer to the position of Vice President
Projects, and Rufus Gandhi to the position of General Counsel and Company
Secretary.

Mr. Botts, who will assume his new role on 1(st) August 2022 based in
Quito, is a Senior Mining Executive, Director, and Consultant with over 40
years of international mining experience in the development of mining
projects, socio-environmental management, and sustainable development. Mr.
Botts has extensive Latin America experience, having worked in Argentina,
Brazil, Colombia, Ecuador, Mexico, Panama and Peru. He is fluent in English
and Spanish and holds a Master of Environmental Policy and Management.

Mr. Botts is a deeply experienced leader in cross cultural and international
business relations with a proven ability at developing partnerships and
delivering projects. Notable achievements include his leadership in the
successful permitting of the Antamina project, formation of the Mina Justa
project team and taking the project through to a viable Feasibility Study, and
the turnaround of Tahoe Peru to a more efficient and value-oriented
organisation that achieved safety and production goals under very challenging
circumstances.

Mr. Loyer, who joins SolGold on 27(th) July 2022 based in Quito, is a Project
Mining Executive with over 35 years of international mining experience
including over 20 years' in LATAM, having worked in Peru, Mexico, Chile and
Argentina. A mechanical engineer, fluent in English and Spanish, Mr. Loyer
holds multiple patents for the design of process and material handling
equipment.

Mr. Loyer has a proven track record delivering large scale mining projects
including Goldcorp´s Penasquito Project in Zacatecas, Mexico, Goldcorp´s
Cerro Negro Project in Santa Cruz, Argentina and Torex Gold´s Morelos Project
in Guerrero, Mexico. Mr. Loyer spent five years at FLSmidth Minerals based in
Copenhagen serving as Vice President, Minerals Technology and Chief Product
Officer where he was responsible for all global process technology,
manufacturing and material handling. Prior to that he served 15 years with BHP
Billiton, spending the last 10 years in Peru and Chile where he held
operational leadership positions. Mr. Loyer has served on the boards of
various international companies including KOCH-MVT Material Handling, RAHCO
International, Conveyor Engineering, Excel Foundry and CEIM Centro de
Entrenamiento Industrial y Minero in Antofagasta, Chile.

Mr. Gandhi will start with the Company on 1(st) August 2022 based in Brisbane
and joins SolGold having previously worked at Gladstone Ports Corporation
where he held the role as the first General Counsel & Company Secretary.
In addition to several years as a private practice lawyer with leading law
firms, King & Wood Mallesons, O'Melveny & Myers LLP and Slaughter and
May LLP, Mr. Gandhi has previously been Senior Legal Counsel at APA Group and
ConocoPhillips (U.K.) Limited.

Mr. Gandhi has over twenty years of legal, company secretarial and corporate
governance experience working in multiple jurisdictions including in
Australia, UK, Singapore and the US. He was admitted as a solicitor in England
and Wales in 2002, admitted as a solicitor in the Supreme Court of Victoria
and received a Practicing Certificate from Queensland Law Society in 2018. He
also became a Graduate of the Australian Institute of Company Directors in
January 2022.

Liam Twigger, the Chairman of the Board wishes to thank Dennis Wilkins for his
dedication and commitment in providing Company Secretarial services to
SolGold.

Darryl Cuzzubbo, SolGold Managing Director and Chief Executive Officer said:
"On behalf of the Board, I am pleased to welcome Steve, Bernie and Rufus to
SolGold. We are very fortunate to have them joining us. They bring the skills,
experience and energy that we need to assist SolGold to realise its full
potential as an organisation. These appointments demonstrate our commitment to
growing and developing our business, building on SolGold's past success as we
progress through the next phase. Steve, Bernie and Rufus were attracted to
these roles because they want to play a significant role in realising the
incredible opportunity that Cascabel and SolGold presents for Ecuador as the
next Copper frontier when the world needs it most."

 

 

 

By order of the Board

Dennis Wilkins

Company Secretary

 

 

CONTACTS

 

 Dennis Wilkins

 SolGold Plc (Company Secretary)                                                  Tel: +61 (0) 7 3303 0660

 dwilkins@solgold.com.au (mailto:dwilkins@solgold.com.au)

 Fawzi Hanano / Lia Abady

 SolGold Plc (Investors / Communication)                                          Tel: +44 (0) 20 3823 2130

 fhanano@solgold.com.au (mailto:fhanano@solgold.com.au) / labady@solgold.com.au
 (mailto:labady@solgold.com.au)

 Tavistock (Media)

 Jos Simson / Gareth Tredway                                                      Tel: +44 (0) 20 7920 3150

Follow us on twitter @SolGold_plc

Certain information contained in this announcement would have been deemed
inside information.

ABOUT SOLGOLD

SolGold is a leading resources company focussed on the discovery, definition
and development of world-class copper and gold deposits and continues to
strive to deliver objectives efficiently and in the interests of shareholders.
SolGold is exploring the length and breadth of this highly prospective and
gold-rich section of the Andean Copper Belt which is currently responsible for
c40% of global mined copper production.

The Company operates with transparency and in accordance with international
best practices. SolGold is committed to delivering value to its shareholders,
while simultaneously providing economic and social benefits to impacted
communities, fostering a healthy and safe workplace and minimizing the
environmental impact.

Dedicated stakeholders

SolGold employs a staff of approximately 800 employees of whom 99% are
Ecuadorian. This is expected to grow as the operations expand at Cascabel, and
in Ecuador generally. SolGold focusses its operations to be safe, reliable and
environmentally responsible and maintains close relationships with its local
communities. SolGold has engaged an increasingly skilled, refined and
experienced team of geoscientists using state of the art geophysical and
geochemical modelling applied to an extensive database to enable the delivery
of ore grade intersections from nearly every drill hole at Alpala. SolGold has
close to 60 geologists on the ground in Ecuador exploring for economic copper
and gold deposits.

About Cascabel

The Alpala deposit is the main target in the Cascabel concession, located on
the northern section of the heavily endowed Andean Copper Belt, the entirety
of which is renowned as the base for nearly half of the world's copper
production. The project area hosts mineralisation of Eocene age, the same age
as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to
the south. The project base is located at Rocafuerte within the Cascabel
concession in northern Ecuador, an approximately three-hour drive on sealed
highway north of the capital Quito, close to water, power supply and Pacific
ports.

Having fulfilled its earn-in requirements, SolGold is a registered shareholder
with an unencumbered legal and beneficial 85% interest in ENSA (Exploraciones
Novomining S.A.) which holds 100% of the Cascabel concession covering
approximately 50km(2). The junior equity owner in ENSA is required to repay
15% of costs since SolGold's earn in was completed, from 90% of its share of
distribution of earnings or dividends from ENSA or the Cascabel concession. It
is also required to contribute to development or be diluted, and if its
interest falls below 10%, it shall reduce to a 0.5% NSR royalty which SolGold
may acquire for US$3.5million.

SolGold's Regional Exploration Drive

SolGold is using its successful and cost-efficient blueprint established at
Alpala, and Cascabel generally, to explore for additional world class copper
and gold projects across Ecuador. SolGold is a large and active concessionaire
in Ecuador.

The Company wholly owns four other subsidiaries active throughout the country
that are now focussed on a number of high priority copper and gold resource
targets, several of which the Company believes have the potential, subject to
resource definition and feasibility, to be developed in close succession or
even on a more accelerated basis compared to Cascabel.

SolGold is listed on the London Stock Exchange and Toronto Stock Exchange
(LSE/TSX: SOLG). The Company has on issue a total of 2,295,152,615 fully paid
ordinary shares and 42,250,000 share options.

See www.solgold.com.au (http://www.solgold.com.au) for more information.
Follow us on twitter @SolGold plc

 

CAUTIONARY NOTICE

News releases, presentations and public commentary made by SolGold plc (the
"Company") and its Officers may contain certain statements and expressions of
belief, expectation or opinion which are forward looking statements, and which
relate, inter alia, to interpretations of exploration results to date and the
Company's proposed strategy, plans and objectives or to the expectations or
intentions of the Company's Directors, including the plan for developing the
Project currently being studied as well as the expectations of the Company as
to the forward price of copper.  Such forward-looking and interpretative
statements involve known and unknown risks, uncertainties and other important
factors beyond the control of the Company that could cause the actual
performance or achievements of the Company to be materially different from
such interpretations and forward-looking statements.

Accordingly, the reader should not rely on any interpretations or
forward-looking statements; and save as required by the exchange rules of the
TSX and LSE or by applicable laws, the Company does not accept any obligation
to disseminate any updates or revisions to such interpretations or
forward-looking statements.  The Company may reinterpret results to date as
the status of its assets and projects changes with time expenditure, metals
prices and other affecting circumstances.

This release may contain "forward‑looking information" within the meaning of
applicable Canadian securities legislation.  Forward‑looking information
includes, but is not limited to, statements regarding the Company's plans for
developing its properties.  Generally, forward‑looking information can be
identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved".

Forward‑looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward‑looking
information, including but not limited to: transaction risks; general
business, economic, competitive, political and social uncertainties; future
prices of mineral prices; accidents, labour disputes and shortages and other
risks of the mining industry.  Although the Company has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended.  There
can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in
such statements.  Factors that could cause actual results to differ
materially from such  forward-looking information include, but are not
limited to, risks relating to the ability of exploration activities (including
assay results) to accurately predict mineralization; errors in management's
geological modelling and/or mine development plan; capital and operating costs
varying significantly from estimates; the preliminary nature of visual
assessments; delays in obtaining or failures to obtain required governmental,
environmental or other required approvals; uncertainties relating to the
availability and costs of financing needed in the future; changes in equity
markets; inflation; the global economic climate; fluctuations in commodity
prices; the ability of the Company to complete further exploration activities,
including drilling; delays in the development of projects; environmental
risks; community and non-governmental actions; other risks involved in the
mineral exploration and development industry; the ability of the Company to
retain its key management employees and skilled and experienced personnel; and
those risks set out in the Company's public documents filed on SEDAR at
www.sedar.com (http://www.sedar.com) .  Accordingly, readers should not place
undue reliance on forward‑looking information. The Company does not
undertake to update any forward-looking information, except in accordance with
applicable securities laws.

The Company and its officers do not endorse, or reject or otherwise comment on
the conclusions, interpretations or views expressed in press articles or
third-party analysis, and where possible aims to circulate all available
material on its website.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  COSRIMFTMTJBMIT