Alecto refreshes management board

PUBLISHED: Jul 09 2014 @ 15:59 | Comments (0) |

Chairman of the Bored?

Alecto Minerals (LSE:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, have announced that Dominic Doherty, currently Alecto’s Operations Manager, has been appointed to the Board as Operations Director with immediate effect.

In tandem with this, Mike Ware, the Company’s part time Executive Director, will step down from the Board also with immediate effect, however he will continue to advise the Company as a consultant. Dominic is based full time at the Company’s operational headquarters in West Africa and these Board changes are in line with the Company’s strategy to strengthen its operational capabilities as it focusses on advancing its African gold and base metal portfolio.

Dominic has an in depth knowledge of the Company’s Malian projects having managed their development for the past four years. Importantly, he has worked for many years in West Africa through his position as a Captain in the British Army, which enabled him to forge strong relationships with industry participants and authorities.

Previous to his role in developing the Kossanto Gold Project, Dominic was one of the founding partners of Roc Resources (Mali) Sarl which saw him develop and manage an alluvial gold opportunity in Mali. Dominic was also Head of Business Development for the Government of Dubai and took a leading role interfacing with African Producers for the UAE Government’s “Masterplan for Diamonds” and enabling the Kimberley Process in Africa and the Middle East.

Mark Jones, CEO of Alecto, commented:

“I am delighted to welcome Dominic to the Board as a full time executive. The JORC compliant resource estimate at our Kossanto Gold Project has been increased by 131% since we acquired it approximately nine months ago, and part of this success can be accredited to Dominic who has used his knowledge of the assets, gained over the last four years, to build value for shareholders.

“His appointment is timely, particularly as we start to move Alecto down the development path. The coming months will be focussed on developing a new exploration programme ahead of the recommencement of work in Q4 2014 and I look forward to working more closely with him on this. Additionally, I would like to take this opportunity to thank Mike Ware for his support and excellent technical skills that the board have utilised and look forward to continuing our working relationship through his role as a Consultant to the Company.”

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